Shares of Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) have been given a consensus recommendation of “Hold” by the fourteen ratings firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $78.72.

A number of equities research analysts have recently weighed in on the company. National Bank Financial set a $93.00 target price on Thomson Reuters and gave the stock a “hold” rating in a report on Saturday, November 2nd. ValuEngine downgraded Thomson Reuters from a “buy” rating to a “hold” rating in a report on Tuesday, December 3rd. Zacks Investment Research raised Thomson Reuters from a “sell” rating to a “hold” rating in a report on Friday, January 17th. Barclays reissued a “hold” rating and set a $75.00 target price on shares of Thomson Reuters in a report on Wednesday, December 18th. Finally, CIBC reissued a “hold” rating and set a $73.00 target price on shares of Thomson Reuters in a report on Friday, December 20th.

Thomson Reuters stock traded up $0.27 during mid-day trading on Tuesday, hitting $79.04. 610,040 shares of the company’s stock traded hands, compared to its average volume of 374,277. The firm has a 50 day simple moving average of $73.59 and a two-hundred day simple moving average of $69.25. Thomson Reuters has a fifty-two week low of $50.56 and a fifty-two week high of $79.54. The stock has a market cap of $39.32 billion, a price-to-earnings ratio of 11.81, a P/E/G ratio of 2.27 and a beta of 0.52. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.46 and a quick ratio of 1.46.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings results on Thursday, October 31st. The business services provider reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.10. Thomson Reuters had a return on equity of 6.39% and a net margin of 62.70%. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter last year, the firm posted $0.11 EPS. The company’s quarterly revenue was up 10.0% on a year-over-year basis. On average, research analysts anticipate that Thomson Reuters will post 1.23 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Beutel Goodman & Co Ltd. raised its stake in Thomson Reuters by 100.0% in the second quarter. Beutel Goodman & Co Ltd. now owns 3,572,696 shares of the business services provider’s stock valued at $220,932,000 after purchasing an additional 1,786,691 shares in the last quarter. Alberta Investment Management Corp raised its stake in Thomson Reuters by 43.9% in the third quarter. Alberta Investment Management Corp now owns 798,970 shares of the business services provider’s stock valued at $53,436,000 after purchasing an additional 243,600 shares in the last quarter. D. E. Shaw & Co. Inc. raised its stake in Thomson Reuters by 169.7% in the second quarter. D. E. Shaw & Co. Inc. now owns 384,531 shares of the business services provider’s stock valued at $24,810,000 after purchasing an additional 241,968 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Thomson Reuters by 371.0% in the third quarter. Assenagon Asset Management S.A. now owns 245,786 shares of the business services provider’s stock valued at $16,438,000 after purchasing an additional 193,598 shares in the last quarter. Finally, State of Tennessee Treasury Department acquired a new position in Thomson Reuters in the third quarter valued at about $13,076,000. 19.12% of the stock is owned by institutional investors.

About Thomson Reuters

Thomson Reuters Corporation provides news and information-based tools to professionals worldwide. It operates through five segments: Legal Professionals, Corporates, Tax Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics.

See Also: Compound Annual Growth Rate (CAGR)

Analyst Recommendations for Thomson Reuters (NYSE:TRI)

Receive News & Ratings for Thomson Reuters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thomson Reuters and related companies with MarketBeat.com's FREE daily email newsletter.