Macquarie upgraded shares of Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) to a buy rating in a research report sent to investors on Tuesday. The brokerage currently has $58.00 price target on the business services provider’s stock, up from their prior price target of $51.00.

Several other analysts also recently commented on TRI. TD Securities raised shares of Thomson Reuters Corp from a hold rating to a buy rating in a research report on Wednesday, September 6th. BidaskClub raised shares of Thomson Reuters Corp from a hold rating to a buy rating in a report on Saturday, June 24th. Deutsche Bank AG raised shares of Thomson Reuters Corp from a hold rating to a buy rating and lifted their target price for the stock from $44.00 to $50.00 in a report on Monday, June 19th. Zacks Investment Research downgraded shares of Thomson Reuters Corp from a buy rating to a hold rating in a research note on Saturday, September 2nd. Finally, Royal Bank Of Canada set a $45.00 target price on shares of Thomson Reuters Corp and gave the stock a hold rating in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. Thomson Reuters Corp currently has a consensus rating of Hold and a consensus price target of $51.00.

Shares of Thomson Reuters Corp (TRI) traded up 0.30% during mid-day trading on Tuesday, hitting $46.25. The company had a trading volume of 56,920 shares. The firm has a market capitalization of $33.06 billion, a PE ratio of 11.36 and a beta of 0.75. Thomson Reuters Corp has a 52 week low of $39.23 and a 52 week high of $48.57. The firm has a 50-day moving average price of $45.71 and a 200-day moving average price of $44.97.

Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.09. The firm had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.78 billion. Thomson Reuters Corp had a return on equity of 13.64% and a net margin of 26.81%. The company’s revenue was up .5% on a year-over-year basis. During the same period last year, the company earned $0.50 earnings per share. Equities analysts forecast that Thomson Reuters Corp will post $2.44 earnings per share for the current year.

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The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 17th were given a dividend of $0.345 per share. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $1.38 dividend on an annualized basis and a yield of 2.99%. Thomson Reuters Corp’s dividend payout ratio (DPR) is 33.91%.

Large investors have recently bought and sold shares of the business. UBS Asset Management Americas Inc. raised its stake in Thomson Reuters Corp by 375.6% during the 1st quarter. UBS Asset Management Americas Inc. now owns 550,176 shares of the business services provider’s stock valued at $23,784,000 after buying an additional 434,487 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Thomson Reuters Corp by 7.0% during the 1st quarter. Ameriprise Financial Inc. now owns 35,514 shares of the business services provider’s stock valued at $1,535,000 after buying an additional 2,312 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Thomson Reuters Corp by 22.6% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 7,779 shares of the business services provider’s stock valued at $336,000 after buying an additional 1,432 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Thomson Reuters Corp by 19.4% during the 1st quarter. JPMorgan Chase & Co. now owns 389,341 shares of the business services provider’s stock valued at $16,830,000 after buying an additional 63,146 shares during the period. Finally, Schroder Investment Management Group lifted its holdings in shares of Thomson Reuters Corp by 12.6% during the 1st quarter. Schroder Investment Management Group now owns 44,071 shares of the business services provider’s stock valued at $2,482,000 after buying an additional 4,931 shares during the period. 26.15% of the stock is 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)

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