Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) was upgraded by equities researchers at Deutsche Bank AG from a “hold” rating to a “buy” rating in a note issued to investors on Monday, MarketBeat.com reports.

A number of other research firms have also commented on TRI. Berenberg Bank started coverage on Thomson Reuters Corp in a research report on Thursday, April 20th. They set a “sell” rating and a $37.00 price target on the stock. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Thomson Reuters Corp in a research report on Wednesday, April 26th. Zacks Investment Research lowered Thomson Reuters Corp from a “buy” rating to a “hold” rating in a research report on Wednesday, May 3rd. Scotiabank raised their price target on Thomson Reuters Corp from $43.00 to $45.00 and gave the stock a “sector perform” rating in a research report on Monday, May 1st. Finally, Canaccord Genuity lowered Thomson Reuters Corp from a “buy” rating to a “hold” rating and set a $47.00 price target on the stock. in a research report on Monday, May 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. Thomson Reuters Corp currently has a consensus rating of “Hold” and an average target price of $47.78.

Analyst Recommendations for Thomson Reuters Corp (NYSE:TRI)

Thomson Reuters Corp (NYSE:TRI) traded up 1.49% during mid-day trading on Monday, reaching $46.46. The company’s stock had a trading volume of 831,674 shares. The company has a market cap of $33.54 billion, a price-to-earnings ratio of 10.99 and a beta of 0.76. Thomson Reuters Corp has a 12 month low of $38.23 and a 12 month high of $46.55. The stock’s 50 day moving average is $44.11 and its 200 day moving average is $43.91.

Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last released its earnings results on Friday, April 28th. The business services provider reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.10. The firm had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.80 billion. Thomson Reuters Corp had a return on equity of 13.37% and a net margin of 28.14%. The company’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.48 earnings per share. Equities research analysts predict that Thomson Reuters Corp will post $2.36 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, May 18th were paid a $0.345 dividend. The ex-dividend date of this dividend was Tuesday, May 16th. This represents a $1.38 dividend on an annualized basis and a yield of 3.01%. Thomson Reuters Corp’s dividend payout ratio is 32.47%.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Laurel Wealth Advisors Inc. bought a new position in Thomson Reuters Corp during the first quarter worth $216,000. Piedmont Investment Advisors LLC increased its position in Thomson Reuters Corp by 0.9% in the first quarter. Piedmont Investment Advisors LLC now owns 62,755 shares of the business services provider’s stock worth $2,713,000 after buying an additional 546 shares in the last quarter. Community Financial Services Group LLC increased its position in Thomson Reuters Corp by 0.5% in the first quarter. Community Financial Services Group LLC now owns 42,076 shares of the business services provider’s stock worth $1,819,000 after buying an additional 220 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Thomson Reuters Corp by 23.1% in the first quarter. Goldman Sachs Group Inc. now owns 1,662,221 shares of the business services provider’s stock worth $71,858,000 after buying an additional 312,054 shares in the last quarter. Finally, Bank of Nova Scotia increased its position in Thomson Reuters Corp by 7.8% in the first quarter. Bank of Nova Scotia now owns 712,854 shares of the business services provider’s stock worth $30,829,000 after buying an additional 51,511 shares in the last quarter. Hedge funds and other institutional investors own 26.99% of the company’s stock.

Thomson Reuters Corp Company Profile

Thomson Reuters Corporation (Thomson Reuters) is a provider of news and information for professional markets. The Company is organized in three business units: Financial & Risk, Legal, and Tax & Accounting. The Financial & Risk segment is a provider of critical news, information and analytics, enabling transactions and connecting communities of trading, investment, financial and corporate professionals.

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