Thomson Reuters (NYSE:TRI) (TSE:TRI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Friday. The firm currently has a $49.00 price objective on the business services provider’s stock. Zacks Investment Research‘s price target points to a potential upside of 11.29% from the company’s previous close.

According to Zacks, “Thomson Corporation is a leading provider of value-added information and technology to users in the fields of law, tax, accounting, financial services, higher education, reference information, corporate training and assessment, scientific research and healthcare. “

TRI has been the subject of a number of other reports. Goldman Sachs Group initiated coverage on Thomson Reuters in a research report on Wednesday, November 8th. They set a “sell” rating and a $40.00 target price for the company. Morgan Stanley lifted their target price on Thomson Reuters from $51.00 to $52.00 and gave the company an “equal weight” rating in a research report on Monday, October 23rd. Scotiabank decreased their target price on Thomson Reuters from $55.00 to $54.00 and set an “outperform” rating for the company in a research report on Wednesday, November 22nd. Credit Suisse Group initiated coverage on Thomson Reuters in a research report on Tuesday, October 24th. They set a “neutral” rating and a $52.00 target price for the company. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a $46.00 target price on shares of Thomson Reuters in a research report on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $50.92.

Shares of Thomson Reuters (TRI) traded up $0.26 during mid-day trading on Friday, hitting $44.03. The company had a trading volume of 914,800 shares, compared to its average volume of 731,567. Thomson Reuters has a 52-week low of $42.22 and a 52-week high of $48.61. 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 company has a market cap of $31,144.97, a price-to-earnings ratio of 10.56, a P/E/G ratio of 2.00 and a beta of 0.71.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings results on Wednesday, November 1st. The business services provider reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.10. Thomson Reuters had a return on equity of 13.91% and a net margin of 27.20%. The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same period last year, the company earned $0.54 EPS. Thomson Reuters’s quarterly revenue was up 1.7% compared to the same quarter last year. equities research analysts anticipate that Thomson Reuters will post 2.46 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in TRI. Huntington National Bank purchased a new position in Thomson Reuters during the 2nd quarter worth $106,000. Tyers Asset Management LLC purchased a new stake in Thomson Reuters during the 4th quarter valued at about $126,000. ETF Managers Group LLC purchased a new stake in Thomson Reuters during the 2nd quarter valued at about $127,000. Northwestern Mutual Wealth Management Co. grew its stake in Thomson Reuters by 132.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,195 shares of the business services provider’s stock valued at $130,000 after purchasing an additional 1,819 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. grew its stake in Thomson Reuters by 37.0% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,739 shares of the business services provider’s stock valued at $152,000 after purchasing an additional 1,009 shares during the last quarter. Hedge funds and other institutional investors own 24.51% of the company’s stock.

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Thomson Reuters 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.

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