Berenberg Bank Analysts Give Thomson Reuters Corp (TRI) a $37.00 Price Target
Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) received a $37.00 price target from stock analysts at Berenberg Bank in a research report issued to clients and investors on Thursday. The brokerage currently has a “sell” rating on the business services provider’s stock. Berenberg Bank’s price target suggests a potential downside of 19.58% from the stock’s previous close.
Other equities research analysts also recently issued research reports about the company. Royal Bank Of Canada set a $45.00 price objective on Thomson Reuters Corp and gave the company a “hold” rating in a research report on Thursday, July 27th. Piper Jaffray Companies reiterated a “hold” rating and set a $50.00 price objective on shares of Thomson Reuters Corp in a research report on Thursday, August 3rd. Macquarie upgraded Thomson Reuters Corp from a “neutral” rating to an “outperform” rating in a research report on Thursday, June 15th. Zacks Investment Research downgraded Thomson Reuters Corp from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Deutsche Bank AG increased their price objective on Thomson Reuters Corp from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $51.00.
Shares of Thomson Reuters Corp (NYSE:TRI) traded down 0.098% during trading on Thursday, reaching $45.965. The company had a trading volume of 413,496 shares. The stock has a market capitalization of $33.42 billion, a PE ratio of 11.116 and a beta of 0.75. The stock’s 50-day moving average price is $45.70 and its 200-day moving average price is $44.99. Thomson Reuters Corp has a 12 month low of $39.23 and a 12 month high of $48.57.
Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.60 EPS for the quarter, beating 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 company had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.78 billion. During the same quarter in the prior year, the firm earned $0.50 EPS. The company’s quarterly revenue was up .5% compared to the same quarter last year. Equities analysts forecast that Thomson Reuters Corp will post $2.44 earnings per share for the current fiscal year.
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Several institutional investors and hedge funds have recently added to or reduced their stakes in TRI. Huntington National Bank purchased a new stake in shares of Thomson Reuters Corp in the second quarter valued at $106,000. Tyers Asset Management LLC purchased a new stake in shares of Thomson Reuters Corp in the fourth quarter valued at $126,000. ETF Managers Group LLC purchased a new stake in shares of Thomson Reuters Corp in the second quarter valued at $127,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Thomson Reuters Corp by 132.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,195 shares of the business services provider’s stock valued at $130,000 after purchasing an additional 1,819 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Thomson Reuters Corp by 37.0% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,739 shares of the business services provider’s stock valued at $152,000 after purchasing an additional 1,009 shares in the last quarter. 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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