Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) had its price target decreased by Credit Suisse Group from $52.00 to $51.00 in a research report issued on Thursday. The brokerage currently has a “neutral” rating on the business services provider’s stock. Credit Suisse Group’s price target would suggest a potential upside of 8.88% from the company’s current price.

A number of other equities analysts have also recently issued reports on the stock. TD Securities raised shares of Thomson Reuters Corp from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Zacks Investment Research cut shares of Thomson Reuters Corp from a “buy” rating to a “hold” rating in a report on Saturday, September 2nd. Royal Bank Of Canada set a $45.00 target price on shares of Thomson Reuters Corp and gave the stock a “hold” rating in a report on Thursday, July 27th. BidaskClub cut shares of Thomson Reuters Corp from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $49.00 target price (up previously from $48.00) on shares of Thomson Reuters Corp in a report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. Thomson Reuters Corp has an average rating of “Hold” and an average target price of $51.69.

Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings results on Wednesday, November 1st. The business services provider reported $0.68 EPS for the quarter, topping the consensus estimate of $0.58 by $0.10. Thomson Reuters Corp had a net margin of 26.81% and a return on equity of 13.64%. The business had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter last year, the company posted $0.54 earnings per share. The company’s quarterly revenue was up 1.7% compared to the same quarter last year.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised 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 valued at $316,324,000 after buying an additional 193,354 shares during the last quarter. TD Asset Management Inc. raised its holdings in shares of Thomson Reuters Corp by 3.6% during the second quarter. TD Asset Management Inc. now owns 7,155,761 shares of the business services provider’s stock valued at $330,813,000 after buying an additional 247,665 shares during the last quarter. CIBC World Markets Inc. raised its holdings in shares of Thomson Reuters Corp by 112.8% during the second quarter. CIBC World Markets Inc. now owns 4,066,504 shares of the business services provider’s stock valued at $188,238,000 after buying an additional 2,155,229 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Thomson Reuters Corp by 11,279.4% during the first quarter. BlackRock Inc. now owns 3,853,749 shares of the business services provider’s stock valued at $166,597,000 after buying an additional 3,819,883 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of Thomson Reuters Corp by 73.8% during the second quarter. FMR LLC now owns 3,320,519 shares of the business services provider’s stock valued at $153,736,000 after buying an additional 1,409,777 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Thomson Reuters Corp (NYSE:TRI)

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