Berenberg Bank set a $37.00 target price on Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) in a research report sent to investors on Thursday morning. The brokerage currently has a sell rating on the business services provider’s stock.

TRI has been the subject of a number of other reports. BidaskClub raised Thomson Reuters Corp from a hold rating to a buy rating in a research report on Saturday, June 24th. Zacks Investment Research lowered Thomson Reuters Corp from a buy rating to a hold rating in a research report on Wednesday. Royal Bank Of Canada set a $45.00 target price on Thomson Reuters Corp and gave the company a hold rating in a research report on Thursday, July 27th. Scotiabank boosted their target price on Thomson Reuters Corp from $45.00 to $47.00 and gave the company a sector perform rating in a research report on Wednesday, August 2nd. Finally, Piper Jaffray Companies reaffirmed a hold rating and issued a $50.00 target price on shares of Thomson Reuters Corp in a research report on Tuesday, September 19th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $51.00.

Thomson Reuters Corp (TRI) opened at 45.98 on Thursday. Thomson Reuters Corp has a 1-year low of $39.23 and a 1-year high of $48.57. The firm has a market capitalization of $33.44 billion, a PE ratio of 11.12 and a beta of 0.75. The firm has a 50-day moving average price of $45.70 and a 200-day moving average price of $45.01.

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

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The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 17th were paid a dividend of $0.345 per share. The ex-dividend date was Tuesday, August 15th. This represents a $1.38 dividend on an annualized basis and a yield of 3.00%. Thomson Reuters Corp’s dividend payout ratio (DPR) is currently 33.91%.

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Thomson Reuters Corp by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 7,317,244 shares of the business services provider’s stock valued at $316,324,000 after purchasing an additional 193,354 shares during the last quarter. TD Asset Management Inc. boosted its stake in Thomson Reuters Corp by 3.6% during the 2nd quarter. TD Asset Management Inc. now owns 7,155,761 shares of the business services provider’s stock valued at $330,813,000 after purchasing an additional 247,665 shares during the last quarter. CIBC World Markets Inc. boosted its stake in Thomson Reuters Corp by 112.8% during the 2nd quarter. CIBC World Markets Inc. now owns 4,066,504 shares of the business services provider’s stock valued at $188,238,000 after purchasing an additional 2,155,229 shares during the last quarter. BlackRock Inc. boosted its stake in Thomson Reuters Corp by 11,279.4% during the 1st quarter. BlackRock Inc. now owns 3,853,749 shares of the business services provider’s stock valued at $166,597,000 after purchasing an additional 3,819,883 shares during the last quarter. Finally, FMR LLC boosted its stake in Thomson Reuters Corp by 73.8% during the 2nd quarter. FMR LLC now owns 3,320,519 shares of the business services provider’s stock valued at $153,736,000 after purchasing an additional 1,409,777 shares during the last quarter. Institutional investors and hedge funds own 26.15% of the company’s stock.

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)

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