RBC Capital analyst Drew Mcreynolds maintained a Hold rating on Thomson Reuters (TRI – Research Report) on February 5 and set a price target of $149.00. The company’s shares closed yesterday at $149.09.
Mcreynolds covers the Communication Services sector, focusing on stocks such as Rogers Communication, Cineplex, and Corus Entertainment. According to TipRanks, Mcreynolds has an average return of 1.4% and a 50.69% success rate on recommended stocks.
In addition to RBC Capital, Thomson Reuters also received a Hold from National Bank’s Adam Shine in a report issued on January 25. However, on February 6, Bank of America Securities reiterated a Buy rating on Thomson Reuters (NYSE: TRI).
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Based on Thomson Reuters’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.59 billion and a net profit of $367 million. In comparison, last year the company earned a revenue of $1.57 billion and had a net profit of $194 million
Based on the recent corporate insider activity of 127 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TRI in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Thomson Reuters (TRI) Company Description:
Thomson Reuters Corporation is a multinational media conglomerate which engages in providing news and business information services to professionals. It offers value-added information and technology to users in the fields of accounting, financial services, law, tax, corporate training and assessment, reference information, higher education, scientific research and healthcare.
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