Thomson Reuters (NYSE:TRI) (TSE:TRI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Wednesday. The brokerage currently has a $51.00 price objective on the business services provider’s stock. Zacks Investment Research‘s price target suggests a potential upside of 8.83% from the stock’s previous close.
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. “
TRI has been the topic of several other research reports. Morgan Stanley set a $51.00 target price on Thomson Reuters and gave the company a “buy” rating in a research report on Monday. ValuEngine raised Thomson Reuters from a “hold” rating to a “buy” rating in a research report on Wednesday, September 12th. Bank of America reissued a “neutral” rating and set a $48.00 target price on shares of Thomson Reuters in a research report on Wednesday, October 10th. Royal Bank of Canada upped their price objective on Thomson Reuters from $44.00 to $45.00 and gave the company an “outperform” rating in a research report on Tuesday, August 7th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Thomson Reuters in a research report on Wednesday, September 5th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $46.60.
NYSE TRI opened at $46.86 on Wednesday. The company has a market cap of $31.98 billion, a PE ratio of 18.74, a P/E/G ratio of 12.90 and a beta of 0.65. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.31 and a current ratio of 2.31. Thomson Reuters has a fifty-two week low of $36.52 and a fifty-two week high of $48.09.
Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its earnings results on Wednesday, August 8th. The business services provider reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.06. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.31 billion. Thomson Reuters had a return on equity of 9.17% and a net margin of 14.15%. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS. On average, equities analysts expect that Thomson Reuters will post 0.64 earnings per share for the current year.
A number of institutional investors have recently made changes to their positions in the business. Massachusetts Financial Services Co. MA grew its position in Thomson Reuters by 210.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 8,742,479 shares of the business services provider’s stock valued at $352,496,000 after acquiring an additional 5,923,592 shares during the last quarter. Mawer Investment Management Ltd. lifted its holdings in shares of Thomson Reuters by 20.8% in the 2nd quarter. Mawer Investment Management Ltd. now owns 3,517,788 shares of the business services provider’s stock worth $142,070,000 after buying an additional 604,871 shares during the period. Parnassus Investments CA lifted its holdings in shares of Thomson Reuters by 39.5% in the 2nd quarter. Parnassus Investments CA now owns 2,937,541 shares of the business services provider’s stock worth $118,442,000 after buying an additional 832,502 shares during the period. Toronto Dominion Bank lifted its holdings in shares of Thomson Reuters by 80.1% in the 2nd quarter. Toronto Dominion Bank now owns 1,845,888 shares of the business services provider’s stock worth $74,758,000 after buying an additional 821,146 shares during the period. Finally, Millennium Management LLC lifted its holdings in shares of Thomson Reuters by 31.0% in the 1st quarter. Millennium Management LLC now owns 1,563,345 shares of the business services provider’s stock worth $60,423,000 after buying an additional 369,596 shares during the period. 22.53% of the stock is currently owned by institutional investors.
Thomson Reuters Company Profile
Thomson Reuters Corporation provides news and information for professional markets worldwide. The company operates through three segments: Financial & Risk, Legal, and Tax & Accounting. It sells electronic content and services to professionals primarily on a subscription basis. The Financial & Risk segment offers critical news, information, and analytics enabling transactions and connecting communities of trading, investment, financial, and corporate professionals.
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