Thomson Reuters (NYSE:TRI) Price Target Raised to $174.00

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI had its target price hoisted by stock analysts at CIBC from $165.00 to $174.00 in a note issued to investors on Friday,BayStreet.CA reports. CIBC's price objective suggests a potential downside of 2.54% from the company's current price.

TRI has been the topic of a number of other reports. The Goldman Sachs Group increased their price objective on shares of Thomson Reuters from $168.00 to $188.00 and gave the stock a "neutral" rating in a research report on Friday. JPMorgan Chase & Co. raised their target price on shares of Thomson Reuters from $175.00 to $177.00 and gave the company a "neutral" rating in a research note on Friday. Wells Fargo & Company raised their target price on shares of Thomson Reuters from $165.00 to $177.00 and gave the company an "equal weight" rating in a research note on Friday. Scotiabank raised their target price on shares of Thomson Reuters from $187.00 to $188.00 and gave the company a "sector outperform" rating in a research note on Friday. Finally, StockNews.com upgraded shares of Thomson Reuters from a "sell" rating to a "hold" rating in a research note on Wednesday, January 8th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Thomson Reuters has a consensus rating of "Hold" and an average target price of $182.09.

Thomson Reuters Price Performance

Shares of NYSE TRI traded down $0.40 during mid-day trading on Friday, hitting $178.54. 220,655 shares of the company's stock traded hands, compared to its average volume of 353,801. The company's 50-day moving average is $164.55 and its two-hundred day moving average is $165.62. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market capitalization of $80.34 billion, a P/E ratio of 36.52, a PEG ratio of 5.59 and a beta of 0.73. Thomson Reuters has a 1 year low of $149.50 and a 1 year high of $179.45.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced its earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.04. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.78%. On average, equities analysts anticipate that Thomson Reuters will post 3.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Decker Retirement Planning Inc. acquired a new stake in shares of Thomson Reuters in the fourth quarter valued at about $26,000. Curio Wealth LLC acquired a new stake in shares of Thomson Reuters in the fourth quarter valued at about $26,000. SBI Securities Co. Ltd. acquired a new stake in shares of Thomson Reuters in the fourth quarter valued at about $27,000. Noble Wealth Management PBC acquired a new stake in shares of Thomson Reuters in the fourth quarter valued at about $33,000. Finally, Asset Dedication LLC grew its position in shares of Thomson Reuters by 125.0% in the third quarter. Asset Dedication LLC now owns 234 shares of the business services provider's stock valued at $40,000 after purchasing an additional 130 shares during the period. Hedge funds and other institutional investors own 17.31% of the company's stock.

Thomson Reuters Company Profile

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.