Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) had its price target reduced by Credit Suisse Group from $52.00 to $51.00 in a research report sent to investors on Thursday. Credit Suisse Group currently has a neutral rating on the business services provider’s stock.

A number of other brokerages have also recently commented on TRI. Royal Bank Of Canada decreased their target price on shares of Thomson Reuters Corp from $48.00 to $47.00 and set a sector perform rating on the stock in a research report on Thursday. Zacks Investment Research upgraded shares of Thomson Reuters Corp from a sell rating to a hold rating and set a $53.00 target price on the stock in a research report on Thursday, August 3rd. Deutsche Bank AG lifted their target price 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. BidaskClub cut shares of Thomson Reuters Corp from a buy rating to a hold rating in a research report on Wednesday, July 12th. Finally, Morgan Stanley lifted their target price on shares of Thomson Reuters Corp from $51.00 to $52.00 and gave the stock an equal weight rating in a research report on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. Thomson Reuters Corp currently has an average rating of Hold and an average target price of $52.25.

Thomson Reuters Corp (NYSE TRI) opened at $44.58 on Thursday. The company has a market cap of $31,861.52, a price-to-earnings ratio of 17.76, a P/E/G ratio of 2.18 and a beta of 0.74. Thomson Reuters Corp has a 52-week low of $40.74 and a 52-week high of $48.61. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.79 and a quick ratio of 0.79.

Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last issued its earnings results on Wednesday, November 1st. The business services provider reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.10. The company had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.82 billion. Thomson Reuters Corp had a net margin of 27.20% and a return on equity of 13.92%. The firm’s revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 EPS. analysts forecast that Thomson Reuters Corp will post 2.45 earnings per share for the current year.

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The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 16th will be issued a $0.345 dividend. This represents a $1.38 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend is Wednesday, November 15th. Thomson Reuters Corp’s dividend payout ratio (DPR) is presently 33.09%.

Institutional investors and 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% during the 2nd 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 in the last quarter. Community Financial Services Group LLC boosted its stake in shares of Thomson Reuters Corp by 8.3% during the 3rd quarter. Community Financial Services Group LLC now owns 46,802 shares of the business services provider’s stock valued at $2,148,000 after purchasing an additional 3,577 shares in the last quarter. Forsta AP Fonden boosted its stake in shares of Thomson Reuters Corp by 11.5% during the 2nd 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 in the last quarter. CIBC World Markets Inc. boosted its stake in shares of Thomson Reuters Corp by 112.8% during the 2nd quarter. CIBC World Markets Inc. now owns 4,066,504 shares of the business services provider’s stock valued at $188,238,000 after purchasing an additional 2,155,229 shares in the last quarter. Finally, Atria Investments LLC bought a new stake in shares of Thomson Reuters Corp during the 2nd quarter valued at about $252,000. 26.09% of the stock is currently owned by hedge funds and other institutional investors.

Thomson Reuters Corp Company Profile

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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