Thomson Reuters (TRI) Stock Rating Reaffirmed by TD Securities

Thomson Reuters (NYSE:TRI) (TSE:TRI)‘s stock had its “buy” rating reissued by equities research analysts at TD Securities in a research report issued on Wednesday.

Other equities research analysts have also recently issued research reports about the stock. Canaccord Genuity restated a “buy” rating and set a $50.00 target price on shares of Thomson Reuters in a research note on Wednesday, September 5th. Royal Bank of Canada raised their target price on shares of Thomson Reuters from $45.00 to $47.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 29th. Zacks Investment Research cut shares of Thomson Reuters from a “buy” rating to a “hold” rating in a research note on Thursday, October 18th. Bank of America restated a “neutral” rating and set a $48.00 target price on shares of Thomson Reuters in a research note on Wednesday, October 10th. Finally, Morgan Stanley upgraded shares of Thomson Reuters from an “equal weight” rating to an “overweight” rating and set a $52.00 target price on the stock in a research note on Thursday, September 13th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Thomson Reuters has an average rating of “Hold” and a consensus target price of $51.00.

TRI opened at $50.99 on Wednesday. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $25.75 billion, a P/E ratio of 18.47, a price-to-earnings-growth ratio of 8.25 and a beta of 0.55. Thomson Reuters has a 12-month low of $36.52 and a 12-month high of $51.74.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its earnings results on Tuesday, November 6th. The business services provider reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07. Thomson Reuters had a net margin of 16.21% and a return on equity of 6.10%. The company had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter last year, the business earned $0.27 EPS. The firm’s revenue was up 1.6% compared to the same quarter last year. On average, equities research analysts predict that Thomson Reuters will post 0.69 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in the company. Marshall Wace North America L.P. bought a new stake in shares of Thomson Reuters during the third quarter valued at approximately $60,288,000. Vanguard Group Inc. raised its position in shares of Thomson Reuters by 2.6% during the third quarter. Vanguard Group Inc. now owns 7,307,472 shares of the business services provider’s stock valued at $333,806,000 after buying an additional 182,469 shares during the last quarter. Morgan Stanley raised its position in shares of Thomson Reuters by 562.2% during the third quarter. Morgan Stanley now owns 5,318,579 shares of the business services provider’s stock valued at $242,953,000 after buying an additional 4,515,466 shares during the last quarter. Nordea Investment Management AB bought a new stake in shares of Thomson Reuters during the third quarter valued at approximately $6,910,000. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its position in shares of Thomson Reuters by 110.0% during the third quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 978,900 shares of the business services provider’s stock valued at $57,696,000 after buying an additional 512,800 shares during the last quarter. Hedge funds and other institutional investors own 33.08% 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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Analyst Recommendations for Thomson Reuters (NYSE:TRI)

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