Thomson Reuters’ (TRI) Equal Weight Rating Reaffirmed at Wells Fargo & Company

Thomson Reuters (NASDAQ:TRI)‘s stock had its “equal weight” rating reissued by stock analysts at Wells Fargo & Company in a report released on Monday,Benzinga reports. They presently have a $95.00 target price on the stock, down from their previous target price of $120.00. Wells Fargo & Company‘s price objective indicates a potential upside of 1.67% from the stock’s current price.

TRI has been the subject of several other reports. Bank of America increased their price objective on Thomson Reuters from $100.00 to $115.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 10th. Scotiabank reiterated an “outperform” rating and set a $156.00 price target (down from $189.00) on shares of Thomson Reuters in a report on Friday, February 6th. Canaccord Genuity Group lowered their price target on Thomson Reuters from $174.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, February 4th. Weiss Ratings restated a “hold (c)” rating on shares of Thomson Reuters in a research note on Monday, December 29th. Finally, TD Securities reaffirmed a “buy” rating on shares of Thomson Reuters in a report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Thomson Reuters has a consensus rating of “Moderate Buy” and an average price target of $147.96.

Thomson Reuters Trading Up 0.2%

NASDAQ:TRI opened at $93.44 on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.64 and a quick ratio of 0.64. Thomson Reuters has a one year low of $79.71 and a one year high of $218.42. The company has a market cap of $41.58 billion, a PE ratio of 28.06, a PEG ratio of 1.39 and a beta of 0.81. The firm has a 50-day moving average of $102.91 and a 200-day moving average of $131.00.

Thomson Reuters (NASDAQ:TRI) last announced its quarterly earnings results on Thursday, February 5th. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.01. The business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.01 billion. Thomson Reuters had a net margin of 20.09% and a return on equity of 14.51%.

Hedge Funds Weigh In On Thomson Reuters

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Thomson Reuters by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 5,776,640 shares of the company’s stock worth $762,320,000 after acquiring an additional 85,684 shares during the period. TD Asset Management Inc increased its stake in shares of Thomson Reuters by 0.7% during the 4th quarter. TD Asset Management Inc now owns 4,664,372 shares of the company’s stock worth $616,342,000 after purchasing an additional 33,418 shares during the last quarter. TLT Family Holdco ULC bought a new stake in shares of Thomson Reuters in the 2nd quarter worth approximately $865,442,000. LCC Family Corp. purchased a new position in Thomson Reuters in the second quarter valued at approximately $813,253,000. Finally, SEG Family Corp. bought a new position in Thomson Reuters during the second quarter valued at $659,930,000. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Company Profile

Thomson Reuters is a global provider of information and technology solutions for professional markets, including financial services, legal, tax and accounting, and media industries. The company delivers a range of data, analytics and software tools designed to help customers make informed decisions, manage risk and stay compliant with evolving regulations. Its key offerings include the Eikon financial data platform, Westlaw legal research service, Checkpoint tax and accounting solution, and Reuters News, which supplies real‐time journalism to media organizations worldwide.

Formed in 2008 through the merger of Canada’s Thomson Corporation (founded in 1934) and the UK’s Reuters Group (established in 1851), Thomson Reuters has built on a legacy of journalistic integrity and information innovation.