Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI had its target price hoisted by equities research analysts at Scotiabank from $187.00 to $188.00 in a note issued to investors on Friday, MarketBeat Ratings reports. The firm presently has a "sector outperform" rating on the business services provider's stock. Scotiabank's target price indicates a potential upside of 5.25% from the company's current price.
TRI has been the topic of several other research reports. CIBC lifted their price objective on Thomson Reuters from $164.00 to $165.00 and gave the stock a "neutral" rating in a report on Friday, January 3rd. StockNews.com upgraded Thomson Reuters from a "sell" rating to a "hold" rating in a research report on Wednesday, January 8th. Royal Bank of Canada raised their target price on Thomson Reuters from $171.00 to $173.00 and gave the stock a "sector perform" rating in a research report on Wednesday, November 6th. Wells Fargo & Company raised their target price on Thomson Reuters from $165.00 to $177.00 and gave the stock an "equal weight" rating in a research report on Friday. Finally, The Goldman Sachs Group raised their target price on Thomson Reuters from $168.00 to $188.00 and gave the stock a "neutral" rating in a research report on Friday. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $182.09.
Check Out Our Latest Stock Report on Thomson Reuters
Thomson Reuters Stock Performance
Shares of NYSE:TRI traded down $0.31 during trading on Friday, hitting $178.63. 452,328 shares of the stock were exchanged, compared to its average volume of 362,657. Thomson Reuters has a 1-year low of $149.50 and a 1-year high of $179.45. The company has a market capitalization of $80.38 billion, a price-to-earnings ratio of 36.53, a price-to-earnings-growth ratio of 5.59 and a beta of 0.73. The company's fifty day simple moving average is $164.55 and its 200-day simple moving average is $165.62. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.94 and a current ratio of 0.94.
Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced its quarterly earnings data on Thursday, February 6th. The business services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.04. Thomson Reuters had a return on equity of 14.78% and a net margin of 30.45%. Sell-side analysts expect that Thomson Reuters will post 3.96 EPS for the current fiscal year.
Institutional Investors Weigh In On Thomson Reuters
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Strategic Investment Advisors MI raised its position in shares of Thomson Reuters by 2.7% during the fourth quarter. Strategic Investment Advisors MI now owns 2,318 shares of the business services provider's stock worth $372,000 after acquiring an additional 62 shares during the last quarter. NewSquare Capital LLC raised its position in shares of Thomson Reuters by 1.5% during the fourth quarter. NewSquare Capital LLC now owns 4,335 shares of the business services provider's stock worth $695,000 after acquiring an additional 62 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Thomson Reuters by 5.7% during the fourth quarter. Pacer Advisors Inc. now owns 1,196 shares of the business services provider's stock worth $192,000 after acquiring an additional 64 shares during the last quarter. SkyView Investment Advisors LLC raised its position in shares of Thomson Reuters by 1.6% during the third quarter. SkyView Investment Advisors LLC now owns 4,235 shares of the business services provider's stock worth $722,000 after acquiring an additional 66 shares during the last quarter. Finally, Addison Advisors LLC raised its position in shares of Thomson Reuters by 5.7% during the fourth quarter. Addison Advisors LLC now owns 1,271 shares of the business services provider's stock worth $204,000 after acquiring an additional 68 shares during the last quarter. Institutional investors own 17.31% of the company's stock.
About Thomson Reuters
(
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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.
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