Royal Bank Of Canada Has Lowered Expectations for Thomson Reuters (NYSE:TRI) Stock Price

Thomson Reuters (NYSE:TRI) (TSE:TRI) had its price objective dropped by equities research analysts at Royal Bank Of Canada from $177.00 to $155.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the business services provider’s stock. Royal Bank Of Canada’s target price points to a potential upside of 65.67% from the stock’s previous close.

Several other research analysts have also recently issued reports on the stock. BMO Capital Markets reiterated an “outperform” rating on shares of Thomson Reuters in a research note on Wednesday, November 5th. Wells Fargo & Company decreased their price objective on shares of Thomson Reuters from $212.00 to $160.00 and set an “overweight” rating for the company in a report on Wednesday, January 14th. Morgan Stanley set a $165.00 target price on Thomson Reuters and gave the company an “equal weight” rating in a research note on Wednesday, December 17th. Huber Research raised Thomson Reuters to an “overweight” rating in a report on Monday, October 20th. Finally, JPMorgan Chase & Co. reduced their target price on Thomson Reuters from $178.00 to $160.00 and set a “neutral” rating for the company in a report on Wednesday, November 5th. Ten research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $180.27.

Thomson Reuters Trading Up 1.8%

Thomson Reuters stock opened at $93.56 on Tuesday. Thomson Reuters has a 12 month low of $86.42 and a 12 month high of $218.42. The company has a market capitalization of $41.63 billion, a price-to-earnings ratio of 19.13, a price-to-earnings-growth ratio of 5.67 and a beta of 0.80. The business’s fifty day simple moving average is $126.70 and its two-hundred day simple moving average is $151.68. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings results on Tuesday, November 4th. The business services provider reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.04. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The firm had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same quarter in the previous year, the firm earned $0.80 EPS. Thomson Reuters’s quarterly revenue was up 3.4% compared to the same quarter last year. As a group, equities analysts predict that Thomson Reuters will post 3.89 earnings per share for the current fiscal year.

Institutional Trading of Thomson Reuters

Large investors have recently modified their holdings of the company. TLT Family Holdco ULC purchased a new position in Thomson Reuters in the second quarter worth about $865,442,000. LCC Family Corp. purchased a new stake in shares of Thomson Reuters during the 2nd quarter valued at about $813,253,000. SEG Family Corp. purchased a new stake in shares of Thomson Reuters during the 2nd quarter valued at about $659,930,000. Invesco Ltd. lifted its stake in shares of Thomson Reuters by 461.1% in the 3rd quarter. Invesco Ltd. now owns 2,253,243 shares of the business services provider’s stock worth $349,996,000 after purchasing an additional 1,851,677 shares during the period. Finally, Norges Bank purchased a new position in shares of Thomson Reuters in the second quarter worth approximately $275,036,000. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Company Profile

Thomson Reuters (NYSE: TRI) is a multinational information and media company that provides content, technology and services to professionals in the legal, tax & accounting, compliance, risk, corporate and media sectors. Headquartered in Toronto, Canada, the company combines news and editorial content from the Reuters news agency with specialist workflow platforms and databases designed to support decision-making and regulatory compliance across industries worldwide.

The company’s product portfolio spans legal research and workflow tools, tax and accounting software, regulatory and risk management solutions, and real-time news and data services.