Thomson Reuters (NYSE:TRI) (TSE:TRI) had its price target lifted by equities research analysts at Royal Bank of Canada from $50.00 to $53.00 in a report issued on Wednesday. The brokerage currently has an “outperform” rating on the business services provider’s stock. Royal Bank of Canada’s price target would suggest a potential upside of 3.94% from the stock’s previous close.
A number of other research analysts have also weighed in on TRI. Canaccord Genuity reissued a “buy” rating and set a $50.00 target price on shares of Thomson Reuters in a report on Wednesday, September 5th. ValuEngine raised Thomson Reuters from a “hold” rating to a “buy” rating in a report on Wednesday, September 12th. Morgan Stanley raised Thomson Reuters from an “equal weight” rating to an “overweight” rating and set a $52.00 target price on the stock in a report on Thursday, September 13th. Bank of America reissued a “neutral” rating and set a $48.00 target price on shares of Thomson Reuters in a report on Wednesday, October 10th. Finally, Zacks Investment Research raised Thomson Reuters from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a report on Wednesday, October 17th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $51.00.
TRI stock opened at $50.99 on Wednesday. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.39. The company has a market cap of $25.75 billion, a P/E ratio of 18.47, a price-to-earnings-growth ratio of 8.25 and a beta of 0.55. Thomson Reuters has a 1-year low of $36.52 and a 1-year high of $51.74.
Hedge funds and other institutional investors have recently modified their holdings of the business. Cerebellum GP LLC acquired a new position in Thomson Reuters in the 3rd quarter valued at $190,000. Beach Investment Counsel Inc. PA acquired a new position in Thomson Reuters in the 3rd quarter valued at $200,000. IFG Advisory LLC acquired a new position in Thomson Reuters in the 3rd quarter valued at $205,000. CLARET ASSET MANAGEMENT Corp acquired a new position in Thomson Reuters in the 3rd quarter valued at $226,000. Finally, Laurel Wealth Advisors Inc. acquired a new position in Thomson Reuters in the 2nd quarter valued at $201,000. 33.08% of the stock is currently owned by hedge funds and other institutional investors.
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.
See Also: Book Value Per Share in Stock Trading
Receive News & Ratings for Thomson Reuters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thomson Reuters and related companies with MarketBeat.com's FREE daily email newsletter.