Barclays Lowers Thomson Reuters (TRI) Price Target to $42.00

Thomson Reuters (NYSE:TRI) (TSE:TRI) had its target price lowered by Barclays from $48.00 to $42.00 in a research note issued to investors on Friday. The firm presently has an “equal weight” rating on the business services provider’s stock. Barclays’ price objective would indicate a potential upside of 6.95% from the company’s current price.

A number of other equities analysts also recently weighed in on TRI. Zacks Investment Research raised Thomson Reuters from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research report on Friday, January 5th. Royal Bank of Canada reaffirmed a “hold” rating and set a $48.00 price target on shares of Thomson Reuters in a research report on Wednesday, January 24th. Credit Suisse Group reaffirmed a “hold” rating and set a $51.00 price target on shares of Thomson Reuters in a research report on Wednesday, January 31st. National Bank Financial downgraded Thomson Reuters from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 31st. Finally, Scotiabank reaffirmed a “buy” rating and set a $52.00 price target (down previously from $54.00) on shares of Thomson Reuters in a research report on Wednesday, January 31st. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $49.36.

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Shares of TRI opened at $39.27 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.62 and a quick ratio of 0.62. Thomson Reuters has a 52-week low of $38.22 and a 52-week high of $48.61. The company has a market capitalization of $27,992.60, a P/E ratio of 15.65, a price-to-earnings-growth ratio of 2.98 and a beta of 0.69.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.02. Thomson Reuters had a return on equity of 13.61% and a net margin of 12.31%. The business had revenue of $2.94 billion during the quarter, compared to analyst estimates of $2.95 billion. During the same period in the previous year, the firm earned $0.60 EPS. Thomson Reuters’s quarterly revenue was up 2.9% compared to the same quarter last year. equities analysts forecast that Thomson Reuters will post 1.89 EPS for the current year.

Several institutional investors have recently made changes to their positions in TRI. Mackenzie Financial Corp raised its stake in shares of Thomson Reuters by 1,010.4% during the 4th quarter. Mackenzie Financial Corp now owns 12,479,906 shares of the business services provider’s stock worth $543,999,000 after purchasing an additional 11,356,000 shares in the last quarter. CIBC Asset Management Inc raised its stake in shares of Thomson Reuters by 85.1% during the 4th quarter. CIBC Asset Management Inc now owns 1,978,530 shares of the business services provider’s stock worth $86,592,000 after purchasing an additional 909,851 shares in the last quarter. Two Sigma Investments LP raised its stake in shares of Thomson Reuters by 304.4% during the 4th quarter. Two Sigma Investments LP now owns 942,309 shares of the business services provider’s stock worth $41,117,000 after purchasing an additional 709,319 shares in the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in shares of Thomson Reuters during the 4th quarter worth approximately $19,227,000. Finally, Hexavest Inc. bought a new stake in shares of Thomson Reuters during the 4th quarter worth approximately $10,562,000. Institutional investors own 25.60% of the company’s stock.

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About Thomson Reuters

Thomson Reuters Corp (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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