Shares of Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) have received a consensus rating of “Hold” from the fifteen brokerages that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $74.55.

A number of equities research analysts recently weighed in on the company. Canaccord Genuity cut Thomson Reuters from a “hold” rating to a “sell” rating in a report on Wednesday, July 24th. ValuEngine upgraded Thomson Reuters from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Credit Suisse Group upgraded Thomson Reuters from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $70.00 to $80.00 in a report on Monday, July 29th. Shore Capital restated a “buy” rating on shares of Thomson Reuters in a report on Monday, October 21st. Finally, Zacks Investment Research cut Thomson Reuters from a “strong-buy” rating to a “hold” rating in a report on Wednesday.

Hedge funds have recently bought and sold shares of the stock. CENTRAL TRUST Co lifted its stake in Thomson Reuters by 53.1% in the 3rd quarter. CENTRAL TRUST Co now owns 470 shares of the business services provider’s stock valued at $31,000 after buying an additional 163 shares in the last quarter. Northwest Investment Counselors LLC purchased a new position in shares of Thomson Reuters during the 3rd quarter worth $35,000. Advisors Preferred LLC purchased a new position in shares of Thomson Reuters during the 2nd quarter worth $37,000. Executive Wealth Management LLC purchased a new position in shares of Thomson Reuters during the 3rd quarter worth $41,000. Finally, Horan Capital Advisors LLC. purchased a new position in shares of Thomson Reuters during the 3rd quarter worth $42,000. 19.38% of the stock is currently owned by hedge funds and other institutional investors.

Shares of TRI traded up $0.54 on Thursday, reaching $67.27. The stock had a trading volume of 284,566 shares, compared to its average volume of 479,274. The firm has a market capitalization of $33.36 billion, a PE ratio of 89.69, a PEG ratio of 3.03 and a beta of 0.52. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.38. The firm has a 50-day moving average of $66.82 and a 200 day moving average of $66.10. Thomson Reuters has a twelve month low of $46.45 and a twelve month high of $71.28.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings results on Thursday, October 31st. The business services provider reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.10. The business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Thomson Reuters had a return on equity of 6.39% and a net margin of 62.70%. The company’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.11 EPS. On average, sell-side analysts anticipate that Thomson Reuters will post 1.23 earnings per share for the current fiscal year.

About Thomson Reuters

Thomson Reuters Corporation provides news and information-based tools to professionals worldwide. It operates through five segments: Legal Professionals, Corporates, Tax Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics.

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Analyst Recommendations for Thomson Reuters (NYSE:TRI)

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