Thomson Reuters (TSE:TRI) Given New C$260.00 Price Target at TD Securities

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its price target upped by equities researchers at TD Securities from C$250.00 to C$260.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ price target suggests a potential upside of 3.08% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. BMO Capital Markets raised their price objective on shares of Thomson Reuters from C$251.00 to C$256.00 in a research note on Wednesday, November 6th. Wells Fargo & Company raised shares of Thomson Reuters to a “hold” rating in a research report on Tuesday, November 26th. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Thomson Reuters presently has a consensus rating of “Moderate Buy” and an average target price of C$209.83.

Thomson Reuters Trading Down 0.4 %

Thomson Reuters stock traded down C$0.99 during trading on Friday, reaching C$252.22. 185,614 shares of the company were exchanged, compared to its average volume of 294,054. The company has a market capitalization of C$113.43 billion, a P/E ratio of 35.57, a PEG ratio of 3.64 and a beta of 0.40. The company has a debt-to-equity ratio of 29.05, a current ratio of 0.88 and a quick ratio of 0.52. Thomson Reuters has a 52-week low of C$200.50 and a 52-week high of C$255.65. The stock’s 50 day simple moving average is C$234.79 and its two-hundred day simple moving average is C$230.43.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its quarterly earnings results on Thursday, February 6th. The company reported C$1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.97 by C$0.04. Thomson Reuters had a return on equity of 20.41% and a net margin of 33.65%. During the same period in the prior year, the business earned $0.98 earnings per share. On average, equities research analysts expect that Thomson Reuters will post 5.6395803 earnings per share for the current fiscal year.

Thomson Reuters Company Profile

Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.