National Bankshares Issues Positive Forecast for Thomson Reuters (TSE:TRI) Stock Price

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its price target increased by National Bankshares from C$260.00 to C$286.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ target price would suggest a potential upside of 13.39% from the company’s current price.

Other equities research analysts also recently issued reports about the company. TD Securities lifted their price objective on Thomson Reuters from C$250.00 to C$260.00 and gave the stock a “hold” rating in a report on Friday. Wells Fargo & Company raised shares of Thomson Reuters to a “hold” rating in a research note on Tuesday, November 26th. Finally, BMO Capital Markets raised their price target on Thomson Reuters from C$251.00 to C$256.00 in a research report on Wednesday, November 6th. Five research analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$209.83.

Thomson Reuters Stock Performance

Shares of TSE TRI traded down C$0.99 during midday trading on Friday, hitting C$252.22. The company’s stock had a trading volume of 185,614 shares, compared to its average volume of 294,054. Thomson Reuters has a one year low of C$200.50 and a one year high of C$255.65. The stock has a fifty day moving average price of C$234.79 and a 200 day moving average price of C$230.43. The company has a current ratio of 0.88, a quick ratio of 0.52 and a debt-to-equity ratio of 29.05. The firm has a market capitalization of C$113.43 billion, a price-to-earnings ratio of 35.57, a P/E/G ratio of 3.64 and a beta of 0.40.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its earnings results on Thursday, February 6th. The company reported C$1.01 EPS for the quarter, topping the consensus estimate 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 quarter in the previous year, the business earned $0.98 earnings per share. On average, research analysts forecast that Thomson Reuters will post 5.6395803 EPS for the current fiscal year.

About Thomson Reuters

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.