Shares of Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) have received a consensus recommendation of “Hold” from the fifteen brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $50.80.
TRI has been the subject of a number of recent analyst reports. TD Securities raised Thomson Reuters Corp from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. BidaskClub raised Thomson Reuters Corp from a “hold” rating to a “buy” rating in a report on Saturday, June 24th. Zacks Investment Research lowered Thomson Reuters Corp from a “buy” rating to a “hold” rating in a report on Saturday, September 2nd. Royal Bank Of Canada set a $45.00 target price on Thomson Reuters Corp and gave the company a “hold” rating in a report on Thursday, July 27th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $49.00 target price (up previously from $48.00) on shares of Thomson Reuters Corp in a report on Tuesday, July 18th.
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Thomson Reuters Corp (NYSE:TRI) traded down 0.96% during midday trading on Wednesday, reaching $47.60. 308,103 shares of the company traded hands. Thomson Reuters Corp has a one year low of $39.23 and a one year high of $48.57. The firm has a 50-day moving average price of $45.76 and a 200-day moving average price of $45.13. The firm has a market capitalization of $34.61 billion, a price-to-earnings ratio of 11.51 and a beta of 0.75.
Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last posted its earnings results on Tuesday, August 1st. The business services provider reported $0.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.09. The business had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.78 billion. Thomson Reuters Corp had a return on equity of 13.64% and a net margin of 26.81%. The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.50 EPS. Equities analysts predict that Thomson Reuters Corp will post $2.45 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of TRI. BlackRock Inc. boosted its position in shares of Thomson Reuters Corp by 11,279.4% during the 1st quarter. BlackRock Inc. now owns 3,853,749 shares of the business services provider’s stock valued at $166,597,000 after acquiring an additional 3,819,883 shares during the last quarter. CIBC World Markets Inc. lifted its position in Thomson Reuters Corp by 112.8% in the 2nd quarter. CIBC World Markets Inc. now owns 4,066,504 shares of the business services provider’s stock worth $188,238,000 after buying an additional 2,155,229 shares during the last quarter. FMR LLC lifted its position in Thomson Reuters Corp by 73.8% in the 2nd quarter. FMR LLC now owns 3,320,519 shares of the business services provider’s stock worth $153,736,000 after buying an additional 1,409,777 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Thomson Reuters Corp by 70.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 2,827,001 shares of the business services provider’s stock worth $130,862,000 after buying an additional 1,164,780 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its position in Thomson Reuters Corp by 503.2% in the 2nd quarter. CIBC Asset Management Inc now owns 833,132 shares of the business services provider’s stock worth $38,529,000 after buying an additional 695,007 shares during the last quarter. Hedge funds and other institutional investors own 26.14% of the company’s stock.
About Thomson Reuters Corp
Thomson Reuters Corporation (Thomson Reuters) is a Canada-based provider of news and information for professional markets. The Company is organized in three business units: Financial & Risk, Legal, and Tax & Accounting. The Financial & Risk unit is a provider of critical news, information and analytics, enabling transactions and connecting communities of trading, investment, financial and corporate professionals.
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