Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) had its price target reduced by research analysts at Morgan Stanley from $52.00 to $49.00 in a research note issued on Thursday. The brokerage currently has an “equal weight” rating on the business services provider’s stock. Morgan Stanley’s price objective indicates a potential upside of 4.61% from the stock’s current price.

Several other equities research analysts have also 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 lowered 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 price target on shares of Thomson Reuters Corp and gave the company a “hold” rating in a report on Thursday, July 27th. BidaskClub lowered shares of Thomson Reuters Corp from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Macquarie raised shares of Thomson Reuters Corp to a “buy” rating and lifted their price target for the company from $51.00 to $58.00 in a report on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $51.69.

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

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A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Thomson Reuters Corp by 2.7% during the 1st 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 during the period. TD Asset Management Inc. boosted its position in Thomson Reuters Corp by 3.6% during the 2nd quarter. TD Asset Management Inc. now owns 7,155,761 shares of the business services provider’s stock worth $330,813,000 after buying an additional 247,665 shares during the period. CIBC World Markets Inc. boosted its position in Thomson Reuters Corp by 112.8% during the 2nd quarter. CIBC World Markets Inc. now owns 4,066,504 shares of the business services provider’s stock worth $188,238,000 after buying an additional 2,155,229 shares during the period. BlackRock Inc. boosted its position in Thomson Reuters Corp by 11,279.4% during the 1st quarter. BlackRock Inc. now owns 3,853,749 shares of the business services provider’s stock worth $166,597,000 after buying an additional 3,819,883 shares during the period. Finally, FMR LLC boosted its position in Thomson Reuters Corp by 73.8% during the 2nd quarter. FMR LLC now owns 3,320,519 shares of the business services provider’s stock worth $153,736,000 after buying an additional 1,409,777 shares during the period. Institutional investors and hedge funds own 26.07% 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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