Thomson Reuters (TRI) Upgraded by Zacks Investment Research to Buy

Thomson Reuters (NYSE:TRI) (TSE:TRI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Wednesday. The firm currently has a $43.00 target price on the business services provider’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 10.06% from the company’s previous close.

According to Zacks, “Thomson Corporation is a leading provider of value-added information and technology to users in the fields of law, tax, accounting, financial services, higher education, reference information, corporate training and assessment, scientific research and healthcare. “

A number of other research firms have also recently commented on TRI. National Bank Financial cut shares of Thomson Reuters from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 31st. Credit Suisse Group reaffirmed a “hold” rating and issued a $51.00 price target on shares of Thomson Reuters in a report on Wednesday, January 31st. Royal Bank of Canada reaffirmed a “hold” rating and issued a $48.00 price target on shares of Thomson Reuters in a report on Wednesday, January 24th. Scotiabank reaffirmed a “buy” rating and issued a $52.00 price target (down from $54.00) on shares of Thomson Reuters in a report on Wednesday, January 31st. Finally, Edward Jones cut shares of Thomson Reuters from a “buy” rating to a “hold” rating in a report on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. Thomson Reuters has a consensus rating of “Hold” and an average price target of $46.79.

NYSE TRI opened at $39.07 on Wednesday. Thomson Reuters has a 52 week low of $38.15 and a 52 week high of $38.81. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.62 and a current ratio of 3.08. The firm has a market cap of $27.31 billion, a PE ratio of 15.57, a PEG ratio of 8.15 and a beta of 0.68.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its earnings results on Friday, May 11th. The business services provider reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.30). Thomson Reuters had a return on equity of 11.61% and a net margin of 7.67%. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $2.91 billion. During the same period in the previous year, the firm posted $0.63 earnings per share. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. equities research analysts anticipate that Thomson Reuters will post 0.67 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in the business. Palo Capital Inc. increased its stake in Thomson Reuters by 7.5% during the fourth quarter. Palo Capital Inc. now owns 17,343 shares of the business services provider’s stock valued at $756,000 after purchasing an additional 1,209 shares during the last quarter. Landscape Capital Management L.L.C. increased its stake in Thomson Reuters by 10.1% during the fourth quarter. Landscape Capital Management L.L.C. now owns 14,746 shares of the business services provider’s stock valued at $643,000 after purchasing an additional 1,355 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in Thomson Reuters by 40.4% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,338 shares of the business services provider’s stock valued at $206,000 after purchasing an additional 1,537 shares during the last quarter. BB&T Securities LLC increased its stake in Thomson Reuters by 0.6% during the first quarter. BB&T Securities LLC now owns 271,068 shares of the business services provider’s stock valued at $10,477,000 after purchasing an additional 1,639 shares during the last quarter. Finally, Jackson Grant Investment Advisers Inc. increased its stake in Thomson Reuters by 85.9% during the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 4,005 shares of the business services provider’s stock valued at $175,000 after purchasing an additional 1,851 shares during the last quarter. Hedge funds and other institutional investors own 25.48% of the company’s stock.

Thomson Reuters Company Profile

Thomson Reuters Corporation provides news and information for professional markets worldwide. The company operates through three segments: Financial & Risk, Legal, and Tax & Accounting. It sells electronic content and services to professionals primarily on a subscription basis. The Financial & Risk segment offers critical news, information, and analytics enabling transactions and connecting communities of trading, investment, financial, and corporate professionals.

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