Thomson Reuters (NYSE:TRI) (TSE:TRI) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.

Several other equities research analysts also recently weighed in on TRI. Zacks Investment Research downgraded shares of Thomson Reuters from a “buy” rating to a “hold” rating in a research report on Tuesday, May 15th. Piper Jaffray Companies boosted their target price on shares of Thomson Reuters to $45.00 and gave the stock a “neutral” rating in a research report on Thursday, June 14th. Royal Bank of Canada boosted their target price on shares of Thomson Reuters from $44.00 to $45.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 7th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $50.00 price objective on shares of Thomson Reuters in a research report on Wednesday, September 5th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $45.58.

TRI opened at $45.64 on Wednesday. The stock has a market capitalization of $31.31 billion, a PE ratio of 18.21, a P/E/G ratio of 12.62 and a beta of 0.68. Thomson Reuters has a 1-year low of $36.52 and a 1-year high of $48.61. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.41.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its earnings results on Wednesday, August 8th. The business services provider reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.06. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.31 billion. Thomson Reuters had a net margin of 14.15% and a return on equity of 9.17%. The company’s revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.60 EPS. equities analysts expect that Thomson Reuters will post 0.64 EPS for the current year.

Several large investors have recently made changes to their positions in TRI. Massachusetts Financial Services Co. MA grew its position in shares of Thomson Reuters by 210.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 8,742,479 shares of the business services provider’s stock valued at $352,496,000 after buying an additional 5,923,592 shares during the last quarter. CIBC World Markets Inc. grew its position in shares of Thomson Reuters by 36.1% during the 1st quarter. CIBC World Markets Inc. now owns 3,478,599 shares of the business services provider’s stock valued at $134,448,000 after buying an additional 923,398 shares during the last quarter. Parnassus Investments CA grew its position in shares of Thomson Reuters by 39.5% during the 2nd quarter. Parnassus Investments CA now owns 2,937,541 shares of the business services provider’s stock valued at $118,442,000 after buying an additional 832,502 shares during the last quarter. Toronto Dominion Bank grew its position in shares of Thomson Reuters by 80.1% during the 2nd quarter. Toronto Dominion Bank now owns 1,845,888 shares of the business services provider’s stock valued at $74,758,000 after buying an additional 821,146 shares during the last quarter. Finally, Mawer Investment Management Ltd. grew its position in shares of Thomson Reuters by 20.8% during the 2nd quarter. Mawer Investment Management Ltd. now owns 3,517,788 shares of the business services provider’s stock valued at $142,070,000 after buying an additional 604,871 shares during the last quarter. 22.61% of the stock is owned by institutional investors and hedge funds.

Thomson Reuters Company Profile

Thomson Reuters Corporation provides news and information for professional markets worldwide. The company operates through three segments: Financial & Risk, Legal, and Tax & Accounting. It sells electronic content and services to professionals primarily on a subscription basis. The Financial & Risk segment offers critical news, information, and analytics enabling transactions and connecting communities of trading, investment, financial, and corporate professionals.

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