Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) has been given an average rating of “Hold” by the fifteen ratings firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $52.13.

Several research analysts have weighed in on the company. TD Securities reiterated a “buy” rating on shares of Thomson Reuters in a research report on Wednesday, December 5th. Zacks Investment Research lowered Thomson Reuters from a “buy” rating to a “hold” rating in a report on Thursday, October 18th. Royal Bank of Canada increased their target price on Thomson Reuters from $50.00 to $53.00 and gave the stock an “outperform” rating in a report on Wednesday, December 5th. Barclays reissued a “hold” rating and set a $55.00 target price on shares of Thomson Reuters in a report on Sunday, December 9th. Finally, Credit Suisse Group initiated coverage on Thomson Reuters in a report on Friday, December 7th. They set a “neutral” rating and a $55.00 target price on the stock.

TRI stock opened at $49.12 on Friday. 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 firm has a market cap of $24.38 billion, a price-to-earnings ratio of 17.80, a PEG ratio of 4.24 and a beta of 0.54. Thomson Reuters has a fifty-two week low of $36.52 and a fifty-two week high of $51.74.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings data on Tuesday, November 6th. The business services provider reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.07. The firm had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Thomson Reuters had a return on equity of 6.10% and a net margin of 16.21%. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.27 EPS. As a group, equities analysts expect that Thomson Reuters will post 0.64 EPS for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cerebellum GP LLC acquired a new stake in Thomson Reuters in the third quarter valued at about $190,000. Beach Investment Counsel Inc. PA acquired a new stake in Thomson Reuters in the third quarter valued at about $200,000. Laurel Wealth Advisors Inc. acquired a new stake in Thomson Reuters in the second quarter valued at about $201,000. Marathon Trading Investment Management LLC acquired a new stake in Thomson Reuters in the second quarter valued at about $202,000. Finally, IFG Advisory LLC acquired a new stake in Thomson Reuters in the third quarter valued at about $205,000. 33.43% of the stock is currently owned by institutional investors.

About Thomson Reuters

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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