Brokerages Set Thomson Reuters Corp (TRI) Price Target at $52.13
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.
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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