Thomson Reuters Corporation Coverage Initiated by Analysts at Morgan Stanley (TRI)
Investment analysts at Morgan Stanley started coverage on shares of Thomson Reuters Corporation (NYSE:TRI) in a note issued to investors on Tuesday, American Banking News reports. The firm set an “equal weight” rating on the stock.
Shares of Thomson Reuters Corporation (NYSE:TRI) opened at 35.73 on Tuesday. Thomson Reuters Corporation has a 52 week low of $26.71 and a 52 week high of $36.04. The stock has a 50-day moving average of $34.19 and a 200-day moving average of $33.29. The company has a market cap of $29.646 billion and a P/E ratio of 27.25.
Thomson Reuters Corporation (NYSE:TRI) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.48 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.46 by $0.02. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.12 billion. During the same quarter in the prior year, the company posted $0.54 earnings per share. The company’s quarterly revenue was down 3.0% on a year-over-year basis. Analysts expect that Thomson Reuters Corporation will post $1.84 EPS for the current fiscal year.
Separately, analysts at Goldman Sachs Group Inc. initiated coverage on shares of Thomson Reuters Corporation in a research note to investors on Friday, September 20th. They set a “neutral” rating and a $35.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. Thomson Reuters Corporation currently has a consensus rating of “Hold” and a consensus price target of $32.88.
Thomson Reuters Corporation (NYSE:TRI) is a provider of information for the world’s businesses and professionals.
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