Thomson Reuters (NYSE:TRI) (TSE:TRI) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Thursday.
A number of other research firms have also recently issued reports on TRI. Zacks Investment Research raised shares of Thomson Reuters from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research report on Friday, January 5th. Scotiabank reissued a “buy” rating and set a $52.00 price objective (down previously from $54.00) on shares of Thomson Reuters in a research report on Wednesday, January 31st. Morgan Stanley increased their price objective on shares of Thomson Reuters from $51.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Monday, October 23rd. Royal Bank of Canada reissued a “hold” rating and set a $48.00 price objective on shares of Thomson Reuters in a research report on Wednesday, January 24th. Finally, Canaccord Genuity reissued a “hold” rating and set a $46.00 price objective on shares of Thomson Reuters in a research report on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $50.23.
Shares of Thomson Reuters (TRI) traded down $0.17 on Thursday, reaching $39.39. 1,578,218 shares of the company’s stock were exchanged, compared to its average volume of 1,569,204. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $28,028.35, a PE ratio of 15.69, a P/E/G ratio of 2.73 and a beta of 0.65. Thomson Reuters has a twelve month low of $39.01 and a twelve month high of $48.61.
A number of hedge funds and other institutional investors have recently made changes to their positions in TRI. CIBC Asset Management Inc lifted its position in Thomson Reuters by 85.1% in the 4th quarter. CIBC Asset Management Inc now owns 1,978,530 shares of the business services provider’s stock valued at $86,592,000 after acquiring an additional 909,851 shares in the last quarter. Point72 Asset Management L.P. bought a new position in Thomson Reuters in the 3rd quarter valued at about $41,447,000. Mackenzie Financial Corp lifted its position in Thomson Reuters by 223.5% in the 3rd quarter. Mackenzie Financial Corp now owns 1,123,906 shares of the business services provider’s stock valued at $51,565,000 after acquiring an additional 776,445 shares in the last quarter. Citadel Advisors LLC increased its stake in Thomson Reuters by 148.9% in the 3rd quarter. Citadel Advisors LLC now owns 1,232,613 shares of the business services provider’s stock valued at $56,556,000 after buying an additional 737,370 shares during the last quarter. Finally, Hexavest Inc. purchased a new stake in Thomson Reuters in the 4th quarter valued at about $10,562,000. 24.30% of the stock is currently owned by institutional investors and hedge funds.
WARNING: This report was posted by American Banking News and is the property of of American Banking News. If you are viewing this report on another website, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this report can be accessed at https://www.americanbankingnews.com/2018/02/11/thomson-reuters-tri-lifted-to-buy-at-valuengine.html.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Thomson Reuters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thomson Reuters and related companies with MarketBeat.com's FREE daily email newsletter.