Thomson Reuters (NYSE:TRI) Price Target Raised to $165.00

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI had its price target upped by CIBC from $164.00 to $165.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a "neutral" rating on the business services provider's stock. CIBC's price objective indicates a potential upside of 1.62% from the stock's current price.

Several other research analysts have also commented on TRI. Wells Fargo & Company initiated coverage on shares of Thomson Reuters in a research note on Tuesday, November 26th. They set an "equal weight" rating and a $165.00 price target on the stock. Royal Bank of Canada increased their target price on shares of Thomson Reuters from $171.00 to $173.00 and gave the stock a "sector perform" rating in a research report on Wednesday, November 6th. StockNews.com cut Thomson Reuters from a "hold" rating to a "sell" rating in a research report on Tuesday, December 10th. Scotiabank upped their price target on Thomson Reuters from $182.00 to $187.00 and gave the stock a "sector outperform" rating in a research note on Wednesday, November 6th. Finally, National Bank Financial raised Thomson Reuters from a "sector perform" rating to an "outperform" rating in a research note on Monday, September 9th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Thomson Reuters presently has an average rating of "Hold" and an average price target of $176.10.

Thomson Reuters Stock Up 0.7 %

Shares of Thomson Reuters stock traded up $1.06 during midday trading on Friday, hitting $162.37. The company's stock had a trading volume of 231,588 shares, compared to its average volume of 248,794. The firm has a market capitalization of $73.05 billion, a P/E ratio of 31.96, a PEG ratio of 5.69 and a beta of 0.71. Thomson Reuters has a 1-year low of $142.80 and a 1-year high of $176.03. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.16. The stock has a 50-day simple moving average of $164.84 and a 200-day simple moving average of $166.06.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced its quarterly earnings data on Tuesday, November 5th. The business services provider reported $0.80 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.03. The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.71 billion. Thomson Reuters had a return on equity of 14.85% and a net margin of 32.12%. The business's quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the company posted $0.82 EPS. As a group, sell-side analysts expect that Thomson Reuters will post 3.69 earnings per share for the current year.

Institutional Investors Weigh In On Thomson Reuters

Institutional investors have recently added to or reduced their stakes in the company. National Bank of Canada FI lifted its holdings in shares of Thomson Reuters by 115.7% during the 3rd quarter. National Bank of Canada FI now owns 963,315 shares of the business services provider's stock worth $164,292,000 after acquiring an additional 516,715 shares during the period. Cibc World Market Inc. raised its position in Thomson Reuters by 26.3% in the second quarter. Cibc World Market Inc. now owns 1,325,695 shares of the business services provider's stock worth $223,525,000 after purchasing an additional 276,206 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Thomson Reuters by 11.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,577,905 shares of the business services provider's stock worth $439,665,000 after purchasing an additional 255,387 shares during the period. Toronto Dominion Bank boosted its holdings in Thomson Reuters by 87.1% during the second quarter. Toronto Dominion Bank now owns 505,050 shares of the business services provider's stock valued at $85,136,000 after purchasing an additional 235,145 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Thomson Reuters by 909.9% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 209,993 shares of the business services provider's stock valued at $35,815,000 after purchasing an additional 189,199 shares during the period. 17.31% of the stock is owned by institutional investors and hedge funds.

About Thomson Reuters

Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.