Thomson Reuters (TSE:TRI) (NYSE:TRI) was downgraded by research analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a report issued on Tuesday, BayStreet.CA reports. They currently have a C$94.00 price target on the stock, up from their previous price target of C$87.00. BMO Capital Markets’ target price would indicate a potential upside of 4.11% from the stock’s current price.

TRI has been the subject of several other research reports. National Bank Financial lowered shares of Thomson Reuters from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from C$95.00 to C$90.00 in a research note on Monday. TD Securities lowered shares of Tricon Capital Group from an “action list buy” rating to a “buy” rating and lowered their price objective for the company from C$14.50 to C$13.50 in a research note on Thursday, May 9th.

Shares of TRI traded up C$0.40 during trading on Tuesday, reaching C$90.29. 348,283 shares of the company traded hands, compared to its average volume of 529,190. Thomson Reuters has a twelve month low of C$58.43 and a twelve month high of C$93.44. The firm has a market cap of $44.99 billion and a PE ratio of 12.96. The business’s 50-day moving average is C$87.41. The company has a debt-to-equity ratio of 38.83, a quick ratio of 1.58 and a current ratio of 1.84.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its quarterly earnings results on Wednesday, May 8th. The company reported C$0.48 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.30 by C$0.18. The company had revenue of C$1.98 billion for the quarter, compared to analyst estimates of C$1.96 billion. Sell-side analysts predict that Thomson Reuters will post 1.91 EPS for the current fiscal year.

In related news, Director Marc E. Gold sold 3,548 shares of Thomson Reuters stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of C$86.20, for a total value of C$305,823.41. Following the completion of the transaction, the director now owns 7,001 shares in the company, valued at C$603,458.20. Also, Director Deirdre Stanley sold 16,979 shares of Thomson Reuters stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of C$83.85, for a total transaction of C$1,423,628.03. Following the completion of the transaction, the director now owns 88,068 shares of the company’s stock, valued at approximately C$7,384,184.76.

Thomson Reuters Company Profile

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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