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.
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.
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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.
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