Thomson Reuters Corp (TRI) – Analysts’ Weekly Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of Thomson Reuters Corp (NYSE: TRI) in the last few weeks:

  • 11/1/2017 – Thomson Reuters Corp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $53.00 price target on the stock. According to Zacks, “Thomson Corporation is a leading provider of value-added information and technology to users in the fields of law, tax, accounting, financial services, higher education, reference information, corporate training and assessment, scientific research and healthcare. “
  • 10/24/2017 – Thomson Reuters Corp is now covered by analysts at Credit Suisse Group. They set a “neutral” rating and a $52.00 price target on the stock.
  • 10/23/2017 – Thomson Reuters Corp had its price target raised by analysts at Morgan Stanley from $51.00 to $52.00. They now have an “equal weight” rating on the stock.
  • 10/17/2017 – Thomson Reuters Corp was upgraded by analysts at Scotiabank from a “sector perform” rating to an “outperform” rating. They now have a $55.00 price target on the stock, up previously from $47.00.
  • 10/5/2017 – Thomson Reuters Corp was given a new $37.00 price target on by analysts at Berenberg Bank. They now have a “sell” rating on the stock.
  • 10/4/2017 – Thomson Reuters Corp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Thomson Corporation is a leading provider of value-added information and technology to users in the fields of law, tax, accounting, financial services, higher education, reference information, corporate training and assessment, scientific research and healthcare. “
  • 10/3/2017 – Thomson Reuters Corp was upgraded by analysts at Macquarie to a “buy” rating. They now have a $58.00 price target on the stock, up previously from $51.00.
  • 9/23/2017 – Thomson Reuters Corp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $51.00 price target on the stock. According to Zacks, “Thomson Corporation is a leading provider of value-added information and technology to users in the fields of law, tax, accounting, financial services, higher education, reference information, corporate training and assessment, scientific research and healthcare. “
  • 9/22/2017 – Thomson Reuters Corp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Thomson Corporation is a leading provider of value-added information and technology to users in the fields of law, tax, accounting, financial services, higher education, reference information, corporate training and assessment, scientific research and healthcare. “
  • 9/19/2017 – Thomson Reuters Corp had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $50.00 price target on the stock.
  • 9/6/2017 – Thomson Reuters Corp was upgraded by analysts at TD Securities from a “hold” rating to a “buy” rating.
  • 9/5/2017 – Thomson Reuters Corp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $51.00 price target on the stock. According to Zacks, “Thomson Corporation is a leading provider of value-added information and technology to users in the fields of law, tax, accounting, financial services, higher education, reference information, corporate training and assessment, scientific research and healthcare. “
  • 9/2/2017 – Thomson Reuters Corp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Thomson Corporation is a leading provider of value-added information and technology to users in the fields of law, tax, accounting, financial services, higher education, reference information, corporate training and assessment, scientific research and healthcare. “

Thomson Reuters Corp (TRI) traded down 5.2893% during mid-day trading on Wednesday, hitting $44.3625. 1,496,051 shares of the stock were exchanged. The company has a 50 day moving average of $46.40 and a 200 day moving average of $45.50. Thomson Reuters Corp has a 12-month low of $40.74 and a 12-month high of $48.61. The firm has a market cap of $31.71 billion, a P/E ratio of 10.8945 and a beta of 0.75.

Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last released its earnings results on Wednesday, November 1st. The business services provider reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.10. Thomson Reuters Corp had a net margin of 26.81% and a return on equity of 13.64%. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same period in the prior year, the firm earned $0.54 earnings per share. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. On average, equities analysts anticipate that Thomson Reuters Corp will post $2.45 earnings per share for the current fiscal year.

Thomson Reuters Corporation (Thomson Reuters) is a Canada-based provider of news and information for professional markets. The Company is organized in three business units: Financial & Risk, Legal, and Tax & Accounting. The Financial & Risk unit is a provider of critical news, information and analytics, enabling transactions and connecting communities of trading, investment, financial and corporate professionals.

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