Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) had its price objective dropped by equities research analysts at Scotiabank from $55.00 to $54.00 in a research note issued to investors on Wednesday. The brokerage presently has an “outperform” rating on the business services provider’s stock. Scotiabank’s price objective would indicate a potential upside of 22.78% from the stock’s previous close.

A number of other brokerages have also issued reports on TRI. Deutsche Bank AG upped their price objective on shares of Thomson Reuters Corp from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Royal Bank Of Canada upped their price objective on shares of Thomson Reuters Corp from $45.00 to $47.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 2nd. Morgan Stanley upped their price objective on shares of Thomson Reuters Corp from $51.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Monday, October 23rd. Credit Suisse Group started coverage on shares of Thomson Reuters Corp in a research note on Tuesday, October 24th. They issued a “neutral” rating and a $52.00 price objective for the company. Finally, Zacks Investment Research raised shares of Thomson Reuters Corp from a “sell” rating to a “hold” rating and set a $53.00 price objective for the company in a research note on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $51.23.

Thomson Reuters Corp (NYSE:TRI) traded up $0.11 during midday trading on Wednesday, reaching $43.98. 780,800 shares of the company’s stock traded hands, compared to its average volume of 1,146,484. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.63 and a quick ratio of 0.63. The stock has a market capitalization of $31,216.12, a price-to-earnings ratio of 17.48, a price-to-earnings-growth ratio of 2.14 and a beta of 0.74. Thomson Reuters Corp has a 52 week low of $42.22 and a 52 week high of $48.61.

Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings data 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. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. Thomson Reuters Corp had a net margin of 27.20% and a return on equity of 13.91%. Thomson Reuters Corp’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.54 earnings per share. research analysts anticipate that Thomson Reuters Corp will post 2.46 EPS for the current fiscal year.

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Institutional investors have recently added to or reduced their stakes in the business. Huntington National Bank purchased a new position in shares of Thomson Reuters Corp during the 2nd quarter valued at approximately $106,000. ETF Managers Group LLC purchased a new position in shares of Thomson Reuters Corp during the 2nd quarter valued at approximately $127,000. Omnia Family Wealth LLC lifted its position in shares of 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 valued at $164,000 after buying an additional 10 shares in the last quarter. Beach Investment Management LLC. purchased a new position in shares of Thomson Reuters Corp during the 2nd quarter valued at approximately $203,000. Finally, Boothbay Fund Management LLC purchased a new position in shares of Thomson Reuters Corp during the 3rd quarter valued at approximately $216,000. Institutional investors and hedge funds own 24.73% of the company’s stock.

Thomson Reuters Corp Company Profile

Thomson Reuters Corp (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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