Thomson Reuters (TRI) Price Target Lowered to $47.00 at Morgan Stanley

Thomson Reuters (NYSE:TRI) (TSE:TRI) had its price target decreased by Morgan Stanley from $49.00 to $47.00 in a research report sent to investors on Friday. Morgan Stanley currently has an equal weight rating on the business services provider’s stock.

A number of other brokerages have also weighed in on TRI. Credit Suisse Group began coverage on Thomson Reuters in a research note on Tuesday, October 24th. They issued a neutral rating and a $52.00 target price for the company. Scotiabank upgraded Thomson Reuters from a sector perform rating to an outperform rating and raised their target price for the company from $47.00 to $55.00 in a research note on Tuesday, October 17th. Royal Bank of Canada lowered their target price on Thomson Reuters from $48.00 to $47.00 and set a sector perform rating for the company in a research note on Thursday, November 2nd. Canaccord Genuity restated a hold rating and issued a $46.00 target price on shares of Thomson Reuters in a research note on Wednesday, November 1st. Finally, Zacks Investment Research upgraded Thomson Reuters from a hold rating to a buy rating and set a $53.00 price target on the stock in a report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $50.23.

Shares of Thomson Reuters (TRI) opened at $39.39 on Friday. Thomson Reuters has a 12 month low of $39.01 and a 12 month high of $48.61. The firm has a market capitalization of $28,149.30, a price-to-earnings ratio of 15.76, a PEG ratio of 2.74 and a beta of 0.65. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.41.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its earnings results on Thursday, February 8th. The business services provider reported $0.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.02. Thomson Reuters had a return on equity of 13.70% and a net margin of 12.31%. The company had revenue of $2.94 billion during the quarter, compared to analyst estimates of $2.95 billion. During the same period last year, the company posted $0.60 earnings per share. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. sell-side analysts predict that Thomson Reuters will post 1.7 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, February 22nd will be issued a $0.345 dividend. This represents a $1.38 annualized dividend and a yield of 3.50%. The ex-dividend date is Wednesday, February 21st. Thomson Reuters’s dividend payout ratio is 70.77%.

A number of institutional investors have recently bought and sold shares of TRI. Raymond James Financial Services Advisors Inc. boosted its holdings in Thomson Reuters by 24.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 9,698 shares of the business services provider’s stock valued at $449,000 after acquiring an additional 1,919 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Thomson Reuters during the second quarter worth about $303,000. First National Bank of Mount Dora Trust Investment Services boosted its holdings in Thomson Reuters by 4.3% during the third quarter. First National Bank of Mount Dora Trust Investment Services now owns 118,830 shares of the business services provider’s stock worth $5,452,000 after buying an additional 4,875 shares during the last quarter. APG Asset Management N.V. boosted its holdings in Thomson Reuters by 25.4% during the third quarter. APG Asset Management N.V. now owns 496,423 shares of the business services provider’s stock worth $22,725,000 after buying an additional 100,500 shares during the last quarter. Finally, Strs Ohio bought a new position in Thomson Reuters during the third quarter worth about $4,238,000. Institutional investors and hedge funds own 24.30% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This news story was published by Community Financial News and is the property of of Community Financial News. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark legislation. The legal version of this news story can be accessed at https://www.com-unik.info/2018/02/10/thomson-reuters-tri-price-target-lowered-to-47-00-at-morgan-stanley.html.

Thomson Reuters Company Profile

Thomson Reuters Corp (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.

Analyst Recommendations for Thomson Reuters (NYSE:TRI)

Receive News & Ratings for Thomson Reuters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thomson Reuters and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit