Thomson Reuters (TRI) Sets New 12-Month High at $80.66

Thomson Reuters Corp (TSE:TRI) (NYSE:TRI)’s share price reached a new 52-week high on Monday . The stock traded as high as C$80.66 and last traded at C$80.63, with a volume of 204596 shares changing hands. The stock had previously closed at C$80.20.

Several equities analysts have recently weighed in on TRI shares. TD Securities raised their price objective on shares of Thomson Reuters from C$80.00 to C$81.00 and gave the company a “buy” rating in a research report on Wednesday, February 27th. National Bank Financial raised their price objective on shares of Thomson Reuters from C$73.00 to C$78.00 in a research report on Wednesday, February 27th. Finally, BMO Capital Markets raised their price objective on shares of Thomson Reuters from C$78.00 to C$87.00 in a research report on Thursday.

The company has a current ratio of 1.84, a quick ratio of 1.66 and a debt-to-equity ratio of 35.68. The stock has a market cap of $40.22 billion and a price-to-earnings ratio of 13.63.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its quarterly earnings data on Tuesday, February 26th. The company reported C$0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.08 by C$0.18. The business had revenue of C$2.01 billion for the quarter, compared to the consensus estimate of C$2 billion. On average, sell-side analysts forecast that Thomson Reuters Corp will post 1.87000010715651 earnings per share for the current year.

In other Thomson Reuters news, Director Linda Walker sold 13,090 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of C$71.43, for a total value of C$934,955.87. Following the completion of the transaction, the director now directly owns 11,832 shares in the company, valued at C$845,102.97. Also, Director Deirdre Stanley sold 24,412 shares of the firm’s stock in a transaction dated Wednesday, February 27th. The stock was sold at an average price of C$71.77, for a total transaction of C$1,752,100.41. Following the completion of the transaction, the director now owns 37,849 shares of the company’s stock, valued at C$2,716,502.06. In the last 90 days, insiders have sold 49,334 shares of company stock valued at $3,573,235.

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About Thomson Reuters (TSE:TRI)

Thomson Reuters Corporation provides news and information-based tools to professionals worldwide. It operates through five segments: Legal Professionals, Corporates, Tax 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.

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