Thomson Reuters (NYSE:TRI) Price Target Lowered to $160.00 at JPMorgan Chase & Co.

Thomson Reuters (NYSE:TRI) (TSE:TRI) had its target price dropped by research analysts at JPMorgan Chase & Co. from $178.00 to $160.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the business services provider’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 11.03% from the company’s current price.

Other research analysts also recently issued reports about the stock. Morgan Stanley set a $172.00 price target on shares of Thomson Reuters in a research report on Tuesday. Wells Fargo & Company upgraded shares of Thomson Reuters from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $187.00 to $212.00 in a research report on Tuesday, September 9th. CIBC set a $198.00 price target on shares of Thomson Reuters and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. The Goldman Sachs Group set a $186.00 price target on shares of Thomson Reuters and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Finally, Scotiabank restated an “outperform” rating and issued a $189.00 price target on shares of Thomson Reuters in a research report on Wednesday. Ten analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Thomson Reuters has a consensus rating of “Moderate Buy” and a consensus price target of $195.27.

Thomson Reuters Stock Down 1.7%

NYSE TRI traded down $2.49 during trading hours on Wednesday, reaching $144.11. 1,055,371 shares of the company traded hands, compared to its average volume of 979,385. Thomson Reuters has a 12 month low of $143.90 and a 12 month high of $218.42. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $64.37 billion, a PE ratio of 29.54, a PEG ratio of 5.67 and a beta of 0.74. The company has a 50 day moving average of $162.36 and a two-hundred day moving average of $181.65.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings data on Tuesday, November 4th. The business services provider reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.04. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The firm had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same period in the prior year, the firm posted $0.80 EPS. The firm’s revenue was up 3.4% compared to the same quarter last year. Thomson Reuters has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Thomson Reuters will post 3.89 earnings per share for the current year.

Hedge Funds Weigh In On Thomson Reuters

Several hedge funds have recently made changes to their positions in TRI. Cullen Frost Bankers Inc. grew its stake in shares of Thomson Reuters by 772.2% in the 1st quarter. Cullen Frost Bankers Inc. now owns 157 shares of the business services provider’s stock worth $27,000 after purchasing an additional 139 shares during the last quarter. Curio Wealth LLC grew its stake in shares of Thomson Reuters by 16,200.0% in the 2nd quarter. Curio Wealth LLC now owns 163 shares of the business services provider’s stock worth $33,000 after purchasing an additional 162 shares during the last quarter. Westside Investment Management Inc. acquired a new position in shares of Thomson Reuters in the 2nd quarter worth approximately $34,000. Ameritas Advisory Services LLC acquired a new position in shares of Thomson Reuters in the 2nd quarter worth approximately $37,000. Finally, AlphaCore Capital LLC acquired a new position in shares of Thomson Reuters in the 2nd quarter worth approximately $39,000. Institutional investors and hedge funds own 17.31% of the company’s stock.

Thomson Reuters Company Profile

Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting 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 to law firms and governments.