Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Saturday.

A number of other equities analysts have also weighed in on TRI. Zacks Investment Research raised Thomson Reuters Corp from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Thursday, April 20th. Deutsche Bank AG raised Thomson Reuters Corp from a “hold” rating to a “buy” rating and upped their target price for the stock from $44.00 to $50.00 in a research report on Monday, June 19th. Berenberg Bank assumed coverage on Thomson Reuters Corp in a research report on Thursday, April 20th. They set a “sell” rating and a $37.00 target price on the stock. Canaccord Genuity lowered Thomson Reuters Corp from a “buy” rating to a “hold” rating and set a $47.00 target price on the stock. in a research report on Monday, May 1st. Finally, Scotiabank upped their target price on Thomson Reuters Corp from $43.00 to $45.00 and gave the stock a “sector perform” rating in a research report on Monday, May 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $48.00.

Analyst Recommendations for Thomson Reuters Corp (NYSE:TRI)

Thomson Reuters Corp (NYSE:TRI) traded up 0.35% during mid-day trading on Friday, hitting $46.53. 18,764,628 shares of the stock were exchanged. The stock has a 50 day moving average price of $44.19 and a 200 day moving average price of $43.96. The company has a market capitalization of $33.59 billion, a PE ratio of 11.00 and a beta of 0.76. Thomson Reuters Corp has a 1-year low of $38.23 and a 1-year high of $46.83.

Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last issued its earnings results on Friday, April 28th. The business services provider reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.10. Thomson Reuters Corp had a return on equity of 13.37% and a net margin of 28.14%. The company had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same period in the prior year, the firm earned $0.48 earnings per share. Thomson Reuters Corp’s revenue for the quarter was up .8% on a year-over-year basis. On average, equities analysts anticipate that Thomson Reuters Corp will post $2.36 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Thursday, May 18th were given a $0.345 dividend. This represents a $1.38 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date was Tuesday, May 16th. Thomson Reuters Corp’s payout ratio is currently 32.47%.

COPYRIGHT VIOLATION NOTICE: “Thomson Reuters Corp (TRI) Rating Increased to Buy at BidaskClub” was originally reported by Watch List News and is the property of of Watch List News. If you are viewing this story on another site, it was stolen and republished in violation of international copyright and trademark law. The legal version of this story can be viewed at https://www.watchlistnews.com/thomson-reuters-corp-tri-rating-increased-to-buy-at-bidaskclub/1390881.html.

A number of large investors have recently added to or reduced their stakes in the stock. Lincluden Management Ltd. raised its stake in Thomson Reuters Corp by 16.2% in the fourth quarter. Lincluden Management Ltd. now owns 178,320 shares of the business services provider’s stock worth $7,796,000 after buying an additional 24,835 shares during the last quarter. Beutel Goodman & Co Ltd. raised its stake in Thomson Reuters Corp by 4.9% in the first quarter. Beutel Goodman & Co Ltd. now owns 5,057,257 shares of the business services provider’s stock worth $218,332,000 after buying an additional 236,410 shares during the last quarter. AQR Capital Management LLC raised its stake in Thomson Reuters Corp by 11.8% in the fourth quarter. AQR Capital Management LLC now owns 997,380 shares of the business services provider’s stock worth $43,695,000 after buying an additional 105,132 shares during the last quarter. Wellington Management Group LLP raised its stake in Thomson Reuters Corp by 0.4% in the first quarter. Wellington Management Group LLP now owns 11,896,855 shares of the business services provider’s stock worth $514,297,000 after buying an additional 52,932 shares during the last quarter. Finally, Comerica Bank raised its stake in Thomson Reuters Corp by 35.4% in the fourth quarter. Comerica Bank now owns 56,629 shares of the business services provider’s stock worth $2,553,000 after buying an additional 14,809 shares during the last quarter. 26.99% of the stock is owned by institutional investors and hedge funds.

About Thomson Reuters Corp

Thomson Reuters Corporation (Thomson Reuters) is a 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 segment is a provider of critical news, information and analytics, enabling transactions and connecting communities of trading, investment, financial and corporate professionals.

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.