Thomson Reuters (NYSE:TRI) (TSE:TRI) received a $53.00 price target from stock analysts at Morgan Stanley in a research report issued on Wednesday. The firm currently has a “buy” rating on the business services provider’s stock. Morgan Stanley’s price objective indicates a potential upside of 10.07% from the company’s current price.
Several other research analysts have also recently commented on TRI. TD Securities reiterated a “buy” rating and issued a $69.00 price target on shares of Thomson Reuters in a research note on Wednesday. ValuEngine upgraded Thomson Reuters from a “hold” rating to a “buy” rating in a research note on Wednesday, September 12th. Canaccord Genuity reiterated a “buy” rating and issued a $50.00 price target on shares of Thomson Reuters in a research note on Wednesday, September 5th. Zacks Investment Research upgraded Thomson Reuters from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research note on Wednesday, October 17th. Finally, Piper Jaffray Companies reiterated a “hold” rating on shares of Thomson Reuters in a research note on Wednesday. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Thomson Reuters currently has a consensus rating of “Buy” and a consensus price target of $50.00.
Shares of NYSE TRI opened at $48.15 on Wednesday. Thomson Reuters has a 1-year low of $36.52 and a 1-year high of $48.14. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $27.06 billion, a PE ratio of 19.18, a P/E/G ratio of 10.71 and a beta of 0.52.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC raised its stake in Thomson Reuters by 6,100.0% during the second quarter. Steward Partners Investment Advisory LLC now owns 2,480 shares of the business services provider’s stock valued at $100,000 after buying an additional 2,440 shares in the last quarter. Daiwa SB Investments Ltd. acquired a new stake in Thomson Reuters during the second quarter valued at approximately $141,000. Cerebellum GP LLC acquired a new stake in Thomson Reuters during the third quarter valued at approximately $190,000. Beach Investment Counsel Inc. PA acquired a new stake in Thomson Reuters during the third quarter valued at approximately $200,000. Finally, Laurel Wealth Advisors Inc. acquired a new stake in Thomson Reuters during the second quarter valued at approximately $201,000. Hedge funds and other institutional investors own 28.18% of the company’s stock.
About Thomson Reuters
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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