Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) had its target price dropped by analysts at Morgan Stanley from $52.00 to $49.00 in a research report issued on Thursday. The brokerage currently has an “equal weight” rating on the business services provider’s stock. Morgan Stanley’s target price points to a potential upside of 4.61% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. TD Securities upgraded Thomson Reuters Corp from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Zacks Investment Research upgraded Thomson Reuters Corp from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research report on Tuesday, September 5th. Deutsche Bank AG lifted their price objective on Thomson Reuters Corp from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Macquarie upgraded Thomson Reuters Corp to a “buy” rating and lifted their price objective for the company from $51.00 to $58.00 in a research report on Tuesday, October 3rd. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $50.00 price objective on shares of Thomson Reuters Corp in a research report on Tuesday, September 19th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $51.69.

Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings data on Wednesday, November 1st. The business services provider reported $0.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.10. Thomson Reuters Corp had a return on equity of 13.64% and a net margin of 26.81%. The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the previous year, the company posted $0.54 EPS. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year.

TRADEMARK VIOLATION WARNING: “Thomson Reuters Corp (TRI) Price Target Lowered to $49.00 at Morgan Stanley” was first published by Watch List News and is owned by of Watch List News. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of U.S. & international copyright law. The original version of this piece of content can be accessed at https://www.watchlistnews.com/thomson-reuters-corp-tri-price-target-lowered-to-49-00-at-morgan-stanley/1673921.html.

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Thomson Reuters Corp by 2.7% during the first quarter. Vanguard Group Inc. now owns 7,317,244 shares of the business services provider’s stock worth $316,324,000 after buying an additional 193,354 shares in the last quarter. TD Asset Management Inc. grew its position in Thomson Reuters Corp by 3.6% during the second quarter. TD Asset Management Inc. now owns 7,155,761 shares of the business services provider’s stock worth $330,813,000 after buying an additional 247,665 shares in the last quarter. CIBC World Markets Inc. grew its position in Thomson Reuters Corp by 112.8% during the second quarter. CIBC World Markets Inc. now owns 4,066,504 shares of the business services provider’s stock worth $188,238,000 after buying an additional 2,155,229 shares in the last quarter. BlackRock Inc. grew its position in Thomson Reuters Corp by 11,279.4% during the first quarter. BlackRock Inc. now owns 3,853,749 shares of the business services provider’s stock worth $166,597,000 after buying an additional 3,819,883 shares in the last quarter. Finally, FMR LLC grew its position in Thomson Reuters Corp by 73.8% during the second quarter. FMR LLC now owns 3,320,519 shares of the business services provider’s stock worth $153,736,000 after buying an additional 1,409,777 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

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)

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