Thomson Reuters Co. (NYSE:TRI) Given Average Rating of “Moderate Buy” by Analysts

Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) has been given an average recommendation of “Moderate Buy” by the fourteen ratings firms that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $188.5455.

A number of analysts recently weighed in on TRI shares. Scotiabank reaffirmed an “outperform” rating and issued a $189.00 price objective (down from $200.00) on shares of Thomson Reuters in a research note on Wednesday, November 5th. Canaccord Genuity Group set a $174.00 price objective on shares of Thomson Reuters and gave the company a “buy” rating in a report on Tuesday, November 4th. JPMorgan Chase & Co. lowered their target price on Thomson Reuters from $178.00 to $160.00 and set a “neutral” rating for the company in a report on Wednesday, November 5th. BMO Capital Markets reiterated an “outperform” rating on shares of Thomson Reuters in a report on Wednesday, November 5th. Finally, CIBC set a $183.00 price objective on Thomson Reuters and gave the stock an “outperformer” rating in a research note on Friday, January 16th.

Thomson Reuters Stock Down 1.4%

Shares of NYSE TRI opened at $109.03 on Thursday. The stock has a 50 day moving average price of $128.34 and a 200 day moving average price of $152.92. The firm has a market capitalization of $48.51 billion, a price-to-earnings ratio of 22.30, a PEG ratio of 5.67 and a beta of 0.80. Thomson Reuters has a 52-week low of $108.55 and a 52-week high of $218.42. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its earnings results on Tuesday, November 4th. The business services provider reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.04. The business had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.80 EPS. Sell-side analysts expect that Thomson Reuters will post 3.89 earnings per share for the current year.

Hedge Funds Weigh In On Thomson Reuters

A number of large investors have recently made changes to their positions in TRI. Curio Wealth LLC grew its stake in Thomson Reuters by 16,200.0% during the 2nd quarter. Curio Wealth LLC now owns 163 shares of the business services provider’s stock worth $33,000 after buying an additional 162 shares during the last quarter. Westside Investment Management Inc. purchased a new stake in shares of Thomson Reuters during the second quarter worth about $34,000. Ameritas Advisory Services LLC acquired a new position in shares of Thomson Reuters during the second quarter valued at about $37,000. AlphaCore Capital LLC purchased a new position in shares of Thomson Reuters in the 2nd quarter valued at approximately $39,000. Finally, Cullen Frost Bankers Inc. boosted its stake in Thomson Reuters by 50.0% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 249 shares of the business services provider’s stock worth $39,000 after purchasing an additional 83 shares in the last quarter. 17.31% of the stock is owned by institutional investors and hedge funds.

Thomson Reuters Company Profile

Thomson Reuters (NYSE: TRI) is a multinational information and media company that provides content, technology and services to professionals in the legal, tax & accounting, compliance, risk, corporate and media sectors. Headquartered in Toronto, Canada, the company combines news and editorial content from the Reuters news agency with specialist workflow platforms and databases designed to support decision-making and regulatory compliance across industries worldwide.

The company’s product portfolio spans legal research and workflow tools, tax and accounting software, regulatory and risk management solutions, and real-time news and data services.