Shares of Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) have received an average recommendation of “Hold” from the fifteen ratings firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $52.13.
TRI has been the topic of several analyst reports. Morgan Stanley set a $51.00 target price on shares of Thomson Reuters and gave the stock a “buy” rating in a research report on Monday, October 15th. Goldman Sachs Group initiated coverage on shares of Thomson Reuters in a research report on Thursday, October 18th. They issued a “neutral” rating on the stock. Canaccord Genuity downgraded shares of Thomson Reuters from a “buy” rating to a “hold” rating and lifted their target price for the stock from $50.00 to $52.00 in a research report on Wednesday, December 5th. TD Securities reissued a “buy” rating and issued a $69.00 target price on shares of Thomson Reuters in a research report on Wednesday, November 7th. Finally, Barclays reissued a “hold” rating and issued a $55.00 target price on shares of Thomson Reuters in a research report on Sunday, December 9th.
Shares of TRI opened at $48.74 on Friday. The company has a market capitalization of $24.38 billion, a price-to-earnings ratio of 17.66, a price-to-earnings-growth ratio of 4.24 and a beta of 0.54. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.39. Thomson Reuters has a 52-week low of $36.52 and a 52-week high of $51.74.
Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its earnings results on Tuesday, November 6th. The business services provider reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.07. The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.31 billion. Thomson Reuters had a net margin of 16.21% and a return on equity of 6.10%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period last year, the firm posted $0.27 earnings per share. Equities analysts predict that Thomson Reuters will post 0.64 earnings per share for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in TRI. Morgan Stanley grew its position in Thomson Reuters by 562.2% during the third quarter. Morgan Stanley now owns 5,318,579 shares of the business services provider’s stock valued at $242,953,000 after purchasing an additional 4,515,466 shares in the last quarter. FMR LLC lifted its stake in Thomson Reuters by 596.2% in the third quarter. FMR LLC now owns 1,958,650 shares of the business services provider’s stock valued at $89,376,000 after acquiring an additional 1,677,302 shares during the last quarter. Marshall Wace North America L.P. acquired a new stake in Thomson Reuters in the third quarter valued at approximately $60,288,000. Laurion Capital Management LP acquired a new stake in Thomson Reuters in the third quarter valued at approximately $24,933,000. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lifted its stake in Thomson Reuters by 110.0% in the third quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 978,900 shares of the business services provider’s stock valued at $57,696,000 after acquiring an additional 512,800 shares during the last quarter. 33.43% of the stock is currently owned by hedge funds and other institutional investors.
About Thomson Reuters
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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