Thomson Reuters Corp (NYSE: TRI) recently received a number of ratings updates from brokerages and research firms:

  • 10/3/2017 – Thomson Reuters Corp was upgraded by analysts at Macquarie to a “buy” rating. They now have a $58.00 price target on the stock, up previously from $51.00.
  • 9/23/2017 – Thomson Reuters Corp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $51.00 price target on the stock. 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. “
  • 9/22/2017 – Thomson Reuters Corp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 9/19/2017 – Thomson Reuters Corp had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $50.00 price target on the stock.
  • 9/6/2017 – Thomson Reuters Corp was upgraded by analysts at TD Securities from a “hold” rating to a “buy” rating.
  • 9/5/2017 – Thomson Reuters Corp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $51.00 price target on the stock. 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. “
  • 9/2/2017 – Thomson Reuters Corp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “

Thomson Reuters Corp (NYSE:TRI) opened at 46.11 on Wednesday. The stock has a market capitalization of $32.96 billion, a P/E ratio of 11.32 and a beta of 0.75. The stock has a 50 day moving average of $45.71 and a 200 day moving average of $44.97. Thomson Reuters Corp has a 1-year low of $39.23 and a 1-year high of $48.57.

Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last released its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $2.78 billion for the quarter, compared to analysts’ expectations of $2.78 billion. During the same quarter in the prior year, the firm posted $0.50 EPS. The company’s revenue was up .5% compared to the same quarter last year. On average, analysts expect that Thomson Reuters Corp will post $2.44 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 17th were issued a dividend of $0.345 per share. The ex-dividend date was Tuesday, August 15th. This represents a $1.38 annualized dividend and a yield of 2.99%. Thomson Reuters Corp’s dividend payout ratio is presently 33.91%.

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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