Investment analysts at Credit Suisse Group assumed coverage on shares of Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) in a research report issued on Tuesday, The Fly reports. The firm set a “neutral” rating on the business services provider’s stock.

Several other equities research analysts have also weighed in on the company. Morgan Stanley upped their price objective on Thomson Reuters Corp from $51.00 to $52.00 and gave the company an “equal weight” rating in a research note on Monday. Scotiabank upgraded Thomson Reuters Corp from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $47.00 to $55.00 in a research note on Tuesday, October 17th. Berenberg Bank set a $37.00 price objective on Thomson Reuters Corp and gave the company a “sell” rating in a research note on Thursday, October 5th. Zacks Investment Research lowered Thomson Reuters Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Finally, Macquarie upgraded Thomson Reuters Corp to a “buy” rating and upped their price objective for the company from $51.00 to $58.00 in a research note on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. Thomson Reuters Corp presently has an average rating of “Hold” and a consensus target price of $51.92.

Shares of Thomson Reuters Corp (TRI) opened at 47.54 on Tuesday. Thomson Reuters Corp has a one year low of $39.23 and a one year high of $48.61. The company has a market cap of $33.98 billion, a P/E ratio of 11.67 and a beta of 0.75. The company has a 50 day moving average price of $46.13 and a 200 day moving average price of $45.33.

Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last released its quarterly earnings data 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 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 company’s revenue was up .5% compared to the same quarter last year. Equities research analysts expect that Thomson Reuters Corp will post $2.45 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TRI. Huntington National Bank bought a new stake in Thomson Reuters Corp during the 2nd quarter worth approximately $106,000. ETF Managers Group LLC bought a new stake in Thomson Reuters Corp during the 2nd quarter worth approximately $127,000. Omnia Family Wealth LLC grew its position in Thomson Reuters Corp by 0.3% during the 2nd quarter. Omnia Family Wealth LLC now owns 3,538 shares of the business services provider’s stock worth $164,000 after acquiring an additional 10 shares during the last quarter. Beach Investment Management LLC. bought a new stake in Thomson Reuters Corp during the 2nd quarter worth approximately $203,000. Finally, SG Americas Securities LLC grew its position in Thomson Reuters Corp by 44.0% during the 2nd quarter. SG Americas Securities LLC now owns 4,900 shares of the business services provider’s stock worth $227,000 after acquiring an additional 1,497 shares during the last quarter. Institutional investors and hedge funds own 26.08% of the company’s stock.

About Thomson Reuters Corp

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.

The Fly

Analyst Recommendations for Thomson Reuters Corp (NYSE:TRI)

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