Todays Report: Today: Thomson Reuters Corp. (TRI) Receives $48.00 Consensus PT from Analysts

Today: Thomson Reuters Corp. (TRI) Receives $48.00 Consensus PT from Analysts

Shares of Thomson Reuters Corp. (NYSE:TRI) have been given an average recommendation of “Hold” by the fifteen research firms that are currently covering the firm. Eleven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $48.00.

Several analysts have weighed in on the stock. Canaccord Genuity reiterated a “buy” rating and set a $47.00 target price on shares of Thomson Reuters Corp. in a research note on Thursday, September 8th. Zacks Investment Research lowered shares of Thomson Reuters Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, July 5th. Barclays PLC boosted their target price on shares of Thomson Reuters Corp. from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 23rd. TD Securities reiterated a “hold” rating and set a $56.00 target price (up previously from $53.00) on shares of Thomson Reuters Corp. in a research note on Sunday, July 31st. Finally, Credit Suisse Group AG reiterated a “buy” rating on shares of Thomson Reuters Corp. in a research note on Tuesday, July 12th.

Large investors have recently bought and sold shares of the company. Wellington Management Group LLP increased its stake in Thomson Reuters Corp. by 0.4% in the first quarter. Wellington Management Group LLP now owns 9,631,805 shares of the company’s stock valued at $389,895,000 after buying an additional 35,423 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Thomson Reuters Corp. by 9.9% in the second quarter. Vanguard Group Inc. now owns 6,720,025 shares of the company’s stock worth $271,624,000 after buying an additional 607,976 shares during the last quarter. Beutel Goodman & Co Ltd. increased its stake in shares of Thomson Reuters Corp. by 3.6% in the second quarter. Beutel Goodman & Co Ltd. now owns 5,746,222 shares of the company’s stock worth $230,882,000 after buying an additional 201,375 shares during the last quarter. CIBC World Markets Inc. increased its stake in shares of Thomson Reuters Corp. by 0.5% in the second quarter. CIBC World Markets Inc. now owns 5,145,427 shares of the company’s stock worth $207,978,000 after buying an additional 23,523 shares during the last quarter. Finally, 1832 Asset Management L.P. increased its stake in shares of Thomson Reuters Corp. by 8.6% in the first quarter. 1832 Asset Management L.P. now owns 3,152,843 shares of the company’s stock worth $168,856,000 after buying an additional 249,195 shares during the last quarter. 28.76% of the stock is owned by institutional investors and hedge funds.

Thomson Reuters Corp. (NYSE:TRI) opened at 39.80 on Friday. The stock has a market capitalization of $29.68 billion, a P/E ratio of 23.68 and a beta of 0.82. The firm’s 50-day moving average is $41.07 and its 200 day moving average is $41.30. Thomson Reuters Corp. has a 12-month low of $33.96 and a 12-month high of $43.68.

Thomson Reuters Corp. (NYSE:TRI) last released its earnings results on Thursday, July 28th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.01. Thomson Reuters Corp. had a net margin of 11.09% and a return on equity of 12.81%. The firm earned $2.77 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same quarter in the previous year, the firm earned $0.52 earnings per share. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. Equities research analysts anticipate that Thomson Reuters Corp. will post $2.01 earnings per share for the current year.

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