Berenberg Bank set a $37.00 price target on Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) in a report published on Thursday. The brokerage currently has a sell rating on the business services provider’s stock.

TRI has been the subject of several other research reports. Scotiabank increased their price objective on shares of Thomson Reuters Corp from $45.00 to $47.00 and gave the stock a sector perform rating in a research report on Wednesday, August 2nd. Deutsche Bank AG increased their price objective on shares of Thomson Reuters Corp from $50.00 to $55.00 and gave the stock a buy rating in a research report on Wednesday, August 2nd. Royal Bank Of Canada increased their price objective on shares of Thomson Reuters Corp from $45.00 to $47.00 and gave the stock a sector perform rating in a research report on Wednesday, August 2nd. Piper Jaffray Companies reissued a hold rating and issued a $50.00 price objective on shares of Thomson Reuters Corp in a research report on Thursday, August 3rd. Finally, Zacks Investment Research raised shares of Thomson Reuters Corp from a sell rating to a hold rating and set a $53.00 price objective for the company in a research report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $51.00.

Thomson Reuters Corp (TRI) opened at 45.98 on Thursday. The stock has a market cap of $33.44 billion, a PE ratio of 11.12 and a beta of 0.75. The firm has a 50-day moving average of $45.70 and a 200 day moving average of $45.01. Thomson Reuters Corp has a 12 month low of $39.23 and a 12 month high of $48.57.

Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.60 EPS for the quarter, topping the consensus estimate of $0.51 by $0.09. Thomson Reuters Corp had a net margin of 26.81% and a return on equity of 13.64%. The firm had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.78 billion. During the same quarter in the prior year, the business posted $0.50 earnings per share. Thomson Reuters Corp’s revenue for the quarter was up .5% compared to the same quarter last year. Analysts anticipate that Thomson Reuters Corp will post $2.44 EPS for the current year.

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The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 17th were given a $0.345 dividend. This represents a $1.38 annualized dividend and a dividend yield of 3.00%. The ex-dividend date was Tuesday, August 15th. Thomson Reuters Corp’s payout ratio is currently 33.91%.

Hedge funds have recently made changes to their positions in the company. Airain ltd boosted its stake in shares of Thomson Reuters Corp by 238.3% in the second quarter. Airain ltd now owns 74,466 shares of the business services provider’s stock valued at $3,447,000 after purchasing an additional 52,455 shares during the period. Community Financial Services Group LLC boosted its stake in shares of Thomson Reuters Corp by 0.5% in the first quarter. Community Financial Services Group LLC now owns 42,076 shares of the business services provider’s stock valued at $1,819,000 after purchasing an additional 220 shares during the period. Forsta AP Fonden boosted its stake in shares of Thomson Reuters Corp by 11.5% in the second quarter. Forsta AP Fonden now owns 143,175 shares of the business services provider’s stock valued at $6,619,000 after purchasing an additional 14,800 shares during the period. Schroder Investment Management Group boosted its stake in shares of Thomson Reuters Corp by 12.6% in the first quarter. Schroder Investment Management Group now owns 44,071 shares of the business services provider’s stock valued at $2,482,000 after purchasing an additional 4,931 shares during the period. Finally, Atria Investments LLC purchased a new position in shares of Thomson Reuters Corp in the second quarter valued at $252,000. Institutional investors and hedge funds own 26.15% of the company’s stock.

About Thomson Reuters Corp

Thomson Reuters Corporation (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.

Analyst Recommendations for Thomson Reuters Corp (NYSE:TRI)

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