Thomson Reuters Corp. (NYSE:TRI) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $43.68 and last traded at $43.46, with a volume of 266,714 shares changing hands. The stock had previously closed at $43.25.

A number of equities research analysts have recently issued reports on the stock. Barclays PLC reiterated an “equal weight” rating and set a $40.00 price target on shares of Thomson Reuters Corp. in a research report on Friday, July 15th. Canaccord Genuity reissued a “buy” rating on shares of Thomson Reuters Corp. in a research note on Wednesday, April 20th. Morgan Stanley reissued a “hold” rating on shares of Thomson Reuters Corp. in a research note on Wednesday, April 27th. TD Securities reissued a “buy” rating and set a $59.00 price objective (down from $61.00) on shares of Thomson Reuters Corp. in a research note on Tuesday, April 12th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $52.00 price objective (up from $49.50) on shares of Thomson Reuters Corp. in a research note on Tuesday, April 26th. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $47.09.

The company has a market capitalization of $32.75 billion and a P/E ratio of 27.84. The stock’s 50 day moving average is $41.51 and its 200 day moving average is $39.34.

Thomson Reuters Corp. (NYSE:TRI) last released its earnings results on Tuesday, April 26th. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.04. During the same period in the prior year, the company posted $0.44 EPS. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.81 billion. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. Equities analysts predict that Thomson Reuters Corp. will post $2.05 earnings per share for the current fiscal year.

Other hedge funds have recently added to or reduced their stakes in the company. Janus Capital Management increased its stake in Thomson Reuters Corp. by 13.6% in the third quarter. Janus Capital Management now owns 120,800 shares of the company’s stock worth $4,863,000 after buying an additional 14,500 shares in the last quarter. Sei Investments Co. increased its stake in Thomson Reuters Corp. by 20,653.3% in the fourth quarter. Sei Investments Co. now owns 54,166 shares of the company’s stock worth $2,050,000 after buying an additional 53,905 shares in the last quarter. Comerica Bank increased its stake in Thomson Reuters Corp. by 0.8% in the fourth quarter. Comerica Bank now owns 44,223 shares of the company’s stock worth $1,572,000 after buying an additional 355 shares in the last quarter. State of Wisconsin Investment Board increased its stake in Thomson Reuters Corp. by 27.5% in the fourth quarter. State of Wisconsin Investment Board now owns 544,746 shares of the company’s stock worth $20,582,000 after buying an additional 117,430 shares in the last quarter. Finally, Community Financial Services Group LLC increased its stake in Thomson Reuters Corp. by 2.2% in the fourth quarter. Community Financial Services Group LLC now owns 40,596 shares of the company’s stock worth $1,536,000 after buying an additional 880 shares in the last quarter.

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