Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) had its target price lifted by research analysts at Morgan Stanley from $51.00 to $52.00 in a report issued on Monday. The firm presently has an “equal weight” rating on the business services provider’s stock. Morgan Stanley’s price objective indicates a potential upside of 9.08% from the company’s current price.

Several other equities research analysts also recently issued reports on the company. Zacks Investment Research downgraded Thomson Reuters Corp from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Royal Bank Of Canada set a $45.00 price target on Thomson Reuters Corp and gave the stock a “hold” rating in a report on Thursday, July 27th. Scotiabank increased their price target on Thomson Reuters Corp from $45.00 to $47.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 2nd. Piper Jaffray Companies restated a “hold” rating and issued a $50.00 price target on shares of Thomson Reuters Corp in a report on Tuesday, September 19th. Finally, Berenberg Bank set a $37.00 price target on Thomson Reuters Corp and gave the stock a “sell” rating in a report on Thursday, October 5th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $51.92.

Shares of Thomson Reuters Corp (TRI) traded up 0.29% during trading on Monday, reaching $47.81. The company had a trading volume of 69,155 shares. The company has a 50 day moving average of $46.07 and a 200-day moving average of $45.26. The firm has a market capitalization of $34.17 billion, a P/E ratio of 11.74 and a beta of 0.75. Thomson Reuters Corp has a 52-week low of $39.23 and a 52-week high of $48.61.

Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last released its earnings results on Tuesday, August 1st. The business services provider reported $0.60 earnings per share for the quarter, beating the 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 firm had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.78 billion. During the same quarter in the prior year, the firm posted $0.50 earnings per share. The company’s quarterly revenue was up .5% on a year-over-year basis. Equities analysts expect that Thomson Reuters Corp will post $2.45 earnings per share for the current year.

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Several large investors have recently bought and sold shares of the stock. Wellington Management Group LLP grew its holdings in shares of Thomson Reuters Corp by 0.4% during 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 in the last quarter. Parnassus Investments CA grew its holdings in shares of Thomson Reuters Corp by 14.9% during the third quarter. Parnassus Investments CA now owns 10,279,057 shares of the business services provider’s stock worth $425,347,000 after buying an additional 1,332,842 shares in the last quarter. TD Asset Management Inc. grew its holdings in shares of Thomson Reuters Corp by 3.4% during the fourth quarter. TD Asset Management Inc. now owns 9,731,078 shares of the business services provider’s stock worth $367,148,000 after buying an additional 321,479 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Thomson Reuters Corp by 10.7% during the first quarter. Bank of Montreal Can now owns 8,345,670 shares of the business services provider’s stock worth $360,784,000 after buying an additional 806,046 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Thomson Reuters Corp by 2.7% during the first quarter. Vanguard Group Inc. now owns 7,317,244 shares of the business services provider’s stock worth $316,324,000 after buying an additional 193,354 shares in the last quarter. Institutional investors and hedge funds own 26.14% 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.

Analyst Recommendations for Thomson Reuters Corp (NYSE:TRI)

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