Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday. The brokerage presently has a $51.00 target price on the business services provider’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 11.06% from the stock’s current price.

According to Zacks, “Thomson Corporation is a leading provider of value-added information and technology to users in the fields of law, tax, accounting, financial services, higher education, reference information, corporate training and assessment, scientific research and healthcare. “

TRI has been the topic of several other reports. Deutsche Bank AG raised Thomson Reuters Corp from a “hold” rating to a “buy” rating and upped their target price for the company from $44.00 to $50.00 in a research report on Monday, June 19th. BidaskClub raised Thomson Reuters Corp from a “hold” rating to a “buy” rating in a research report on Saturday, June 24th. TD Securities raised Thomson Reuters Corp from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Scotiabank increased their price objective on Thomson Reuters Corp from $45.00 to $47.00 and gave the company a “sector perform” rating in a report on Wednesday, August 2nd. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $49.00 price objective (up from $48.00) on shares of Thomson Reuters Corp in a report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $50.36.

Shares of Thomson Reuters Corp (TRI) opened at 45.92 on Friday. Thomson Reuters Corp has a 52-week low of $39.23 and a 52-week high of $48.57. The company’s 50 day moving average price is $46.07 and its 200 day moving average price is $44.78. The stock has a market capitalization of $32.82 billion, a PE ratio of 11.28 and a beta of 0.75.

Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last announced its earnings results on Tuesday, August 1st. The business services provider reported $0.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.09. Thomson Reuters Corp had a return on equity of 13.64% and a net margin of 26.81%. The company had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.78 billion. During the same period in the prior year, the company posted $0.50 EPS. The firm’s quarterly revenue was up .5% compared to the same quarter last year. On average, equities research analysts anticipate that Thomson Reuters Corp will post $2.44 EPS for the current year.

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Institutional investors and hedge funds have recently modified their holdings of the company. Community Financial Services Group LLC boosted its stake in shares of 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 during the last quarter. Airain ltd boosted its stake in shares of Thomson Reuters Corp by 238.3% in the second quarter. Airain ltd now owns 74,466 shares of the business services provider’s stock worth $3,447,000 after buying an additional 52,455 shares during the last quarter. Forsta AP Fonden boosted its stake in shares of Thomson Reuters Corp by 11.5% in the second quarter. Forsta AP Fonden now owns 143,175 shares of the business services provider’s stock worth $6,619,000 after buying an additional 14,800 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Thomson Reuters Corp by 0.4% in the first quarter. Wellington Management Group LLP now owns 11,896,855 shares of the business services provider’s stock worth $514,297,000 after buying an additional 52,932 shares during the last quarter. Finally, Schroder Investment Management Group boosted its stake in shares of Thomson Reuters Corp by 12.6% in the first quarter. Schroder Investment Management Group now owns 44,071 shares of the business services provider’s stock worth $2,482,000 after buying an additional 4,931 shares during the last quarter. Hedge funds and other institutional investors own 26.15% of the company’s stock.

Thomson Reuters Corp Company Profile

Thomson Reuters Corporation (Thomson Reuters) is a Canada-based 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 unit 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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Analyst Recommendations for Thomson Reuters Corp (NYSE:TRI)

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