Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Saturday. The firm currently has a $51.00 target price on the business services provider’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 11.06% from the stock’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 several other reports. BidaskClub raised Thomson Reuters Corp from a “hold” rating to a “buy” rating in a report on Saturday, June 24th. Royal Bank Of Canada set a $45.00 price objective on Thomson Reuters Corp and gave the stock a “hold” rating in a report on Thursday, July 27th. Scotiabank raised their price target on Thomson Reuters Corp from $45.00 to $47.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 2nd. Piper Jaffray Companies reissued a “hold” rating and set a $50.00 price target on shares of Thomson Reuters Corp in a research report on Tuesday. Finally, TD Securities dropped their price target on Thomson Reuters Corp from $65.00 to $61.00 and set a “hold” rating for the company in a research report on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $50.36.

Shares of Thomson Reuters Corp (NYSE:TRI) opened at 45.92 on Friday. The stock has a market capitalization of $32.82 billion, a PE ratio of 11.28 and a beta of 0.75. The company’s 50 day moving average price is $46.07 and its 200 day moving average price is $44.78. Thomson Reuters Corp has a 12 month low of $39.23 and a 12 month high of $48.57.

Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.09. The firm had revenue of $2.78 billion during the quarter, compared to analysts’ expectations of $2.78 billion. Thomson Reuters Corp had a return on equity of 13.64% and a net margin of 26.81%. Thomson Reuters Corp’s revenue was up .5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.50 earnings per share. Equities analysts anticipate that Thomson Reuters Corp will post $2.44 earnings per share for the current fiscal year.

WARNING: “Thomson Reuters Corp (TRI) Upgraded to Buy by Zacks Investment Research” was originally reported by Daily Political and is owned by of Daily Political. If you are viewing this piece on another site, it was copied illegally and republished in violation of US & international copyright & trademark law. The correct version of this piece can be accessed at https://www.dailypolitical.com/2017/09/23/thomson-reuters-corp-tri-upgraded-to-buy-by-zacks-investment-research.html.

Several large investors have recently made changes to their positions in the company. Omnia Family Wealth LLC grew its position in shares of Thomson Reuters Corp by 0.3% in the second quarter. Omnia Family Wealth LLC now owns 3,538 shares of the business services provider’s stock valued at $164,000 after purchasing an additional 10 shares during the period. Community Financial Services Group LLC grew its position in shares of Thomson Reuters Corp by 0.5% in the first quarter. Community Financial Services Group LLC now owns 42,076 shares of the business services provider’s stock valued at $1,819,000 after purchasing an additional 220 shares during the period. Suntrust Banks Inc. grew its position in shares of Thomson Reuters Corp by 0.8% in the second quarter. Suntrust Banks Inc. now owns 47,521 shares of the business services provider’s stock valued at $2,199,000 after purchasing an additional 368 shares during the period. Bank of Stockton grew its position in shares of Thomson Reuters Corp by 4.8% in the second quarter. Bank of Stockton now owns 8,110 shares of the business services provider’s stock valued at $374,000 after purchasing an additional 375 shares during the period. Finally, Financial Counselors Inc. grew its position in shares of Thomson Reuters Corp by 0.9% in the first quarter. Financial Counselors Inc. now owns 55,581 shares of the business services provider’s stock valued at $2,403,000 after purchasing an additional 469 shares during the period. 26.15% of the stock is owned by institutional investors and hedge funds.

About Thomson Reuters Corp

Thomson Reuters Corporation (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)

Receive News & Ratings for Thomson Reuters Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thomson Reuters Corp and related companies with MarketBeat.com's FREE daily email newsletter.