Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) had its price objective lowered by research analysts at Morgan Stanley from $52.00 to $49.00 in a report issued on Thursday. The brokerage currently has an “equal weight” rating on the business services provider’s stock. Morgan Stanley’s target price indicates a potential upside of 9.91% from the company’s current price.
TRI has been the subject of several other research reports. Zacks Investment Research downgraded shares of Thomson Reuters Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Royal Bank Of Canada set a $45.00 target price on shares of Thomson Reuters Corp and gave the company a “hold” rating in a research note on Thursday, July 27th. Piper Jaffray Companies reissued a “hold” rating and issued a $50.00 target price on shares of Thomson Reuters Corp in a research note on Tuesday, September 19th. Scotiabank boosted their target price on shares of Thomson Reuters Corp from $45.00 to $47.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 2nd. Finally, Berenberg Bank set a $37.00 target price on shares of Thomson Reuters Corp and gave the company a “sell” rating in a research note on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. Thomson Reuters Corp has an average rating of “Hold” and a consensus price target of $52.25.
Shares of Thomson Reuters Corp (NYSE TRI) traded up $0.12 during mid-day trading on Thursday, reaching $44.58. 977,268 shares of the company traded hands, compared to its average volume of 799,009. 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 $31,780.00, a P/E ratio of 17.71, a price-to-earnings-growth ratio of 2.17 and a beta of 0.74. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.48.
Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last announced its earnings results on Wednesday, November 1st. The business services provider reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.10. Thomson Reuters Corp had a net margin of 27.20% and a return on equity of 13.92%. The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the previous year, the company posted $0.54 EPS. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. sell-side analysts predict that Thomson Reuters Corp will post 2.46 EPS for the current year.
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Large investors have recently modified their holdings of the company. Huntington National Bank purchased a new stake in shares of Thomson Reuters Corp during the 2nd quarter worth about $106,000. ETF Managers Group LLC purchased a new stake in shares of Thomson Reuters Corp during the 2nd quarter worth about $127,000. Omnia Family Wealth LLC grew its holdings in shares of Thomson Reuters Corp by 0.3% during the 2nd quarter. Omnia Family Wealth LLC now owns 3,538 shares of the business services provider’s stock worth $164,000 after purchasing an additional 10 shares during the period. Beach Investment Management LLC. purchased a new stake in shares of Thomson Reuters Corp during the 2nd quarter worth about $203,000. Finally, SG Americas Securities LLC grew its holdings in shares of Thomson Reuters Corp by 44.0% during the 2nd quarter. SG Americas Securities LLC now owns 4,900 shares of the business services provider’s stock worth $227,000 after purchasing an additional 1,497 shares during the period. Institutional investors and hedge funds own 26.07% of the company’s stock.
Thomson Reuters Corp Company Profile
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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