Investment analysts at Goldman Sachs Group began coverage on shares of Thomson Reuters (NYSE:TRI) (TSE:TRI) in a research report issued on Thursday, Marketbeat Ratings reports. The firm set a “neutral” rating on the business services provider’s stock.

Several other equities research analysts have also recently weighed in on the company. Zacks Investment Research upgraded Thomson Reuters from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research note on Wednesday. Morgan Stanley set a $51.00 price target on Thomson Reuters and gave the company a “buy” rating in a research note on Monday, October 15th. Bank of America reiterated a “neutral” rating and issued a $48.00 price target on shares of Thomson Reuters in a research note on Wednesday, October 10th. ValuEngine upgraded Thomson Reuters from a “hold” rating to a “buy” rating in a research note on Wednesday, September 12th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $50.00 price target on shares of Thomson Reuters in a research note on Wednesday, September 5th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $46.60.

NYSE TRI opened at $46.61 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.31 and a quick ratio of 2.31. Thomson Reuters has a fifty-two week low of $36.52 and a fifty-two week high of $48.09. The firm has a market cap of $26.31 billion, a price-to-earnings ratio of 18.57, a price-to-earnings-growth ratio of 10.48 and a beta of 0.66.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its earnings results on Wednesday, August 8th. The business services provider reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.06. Thomson Reuters had a return on equity of 9.17% and a net margin of 14.15%. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the prior year, the company earned $0.60 earnings per share. The company’s quarterly revenue was up 2.4% on a year-over-year basis. As a group, analysts predict that Thomson Reuters will post 0.64 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Massachusetts Financial Services Co. MA lifted its stake in shares of Thomson Reuters by 210.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 8,742,479 shares of the business services provider’s stock valued at $352,496,000 after acquiring an additional 5,923,592 shares during the last quarter. Mawer Investment Management Ltd. increased its holdings in Thomson Reuters by 20.8% in the second quarter. Mawer Investment Management Ltd. now owns 3,517,788 shares of the business services provider’s stock valued at $142,070,000 after purchasing an additional 604,871 shares during the period. Parnassus Investments CA increased its holdings in Thomson Reuters by 39.5% in the second quarter. Parnassus Investments CA now owns 2,937,541 shares of the business services provider’s stock valued at $118,442,000 after purchasing an additional 832,502 shares during the period. Toronto Dominion Bank increased its holdings in Thomson Reuters by 80.1% in the second quarter. Toronto Dominion Bank now owns 1,845,888 shares of the business services provider’s stock valued at $74,758,000 after purchasing an additional 821,146 shares during the period. Finally, Millennium Management LLC increased its holdings in Thomson Reuters by 31.0% in the first quarter. Millennium Management LLC now owns 1,563,345 shares of the business services provider’s stock valued at $60,423,000 after purchasing an additional 369,596 shares during the period. Institutional investors own 22.58% of the company’s stock.

Thomson Reuters Company Profile

Thomson Reuters Corporation provides news and information for professional markets worldwide. The company operates through three segments: Financial & Risk, Legal, and Tax & Accounting. It sells electronic content and services to professionals primarily on a subscription basis. The Financial & Risk segment offers critical news, information, and analytics enabling transactions and connecting communities of trading, investment, financial, and corporate professionals.

Recommended Story: Day Trading

Analyst Recommendations for Thomson Reuters (NYSE:TRI)

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.