Analysts Set Thomson Reuters Corp (NASDAQ:TRI) Price Target at $143.92

Shares of Thomson Reuters Corp (NASDAQ:TRI) have received a consensus recommendation of “Moderate Buy” from the sixteen analysts that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $143.9203.

Several analysts have issued reports on the stock. Argus started coverage on shares of Thomson Reuters in a research note on Wednesday, April 22nd. They issued a “hold” rating on the stock. Scotiabank set a $138.00 price target on shares of Thomson Reuters and gave the company a “sector outperform” rating in a research report on Wednesday, May 6th. UBS Group set a $185.74 price target on shares of Thomson Reuters and gave the stock a “buy” rating in a report on Thursday, April 23rd. Wells Fargo & Company set a $85.00 price objective on Thomson Reuters and gave the stock an “equal weight” rating in a research report on Tuesday, June 30th. Finally, Weiss Ratings lowered Thomson Reuters from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, June 23rd.

Thomson Reuters Trading Up 3.5%

Shares of Thomson Reuters stock opened at $101.61 on Thursday. Thomson Reuters has a 12-month low of $76.28 and a 12-month high of $204.07. The company has a market cap of $44.26 billion, a price-to-earnings ratio of 29.56, a PEG ratio of 1.46 and a beta of 0.77. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.11. The company’s 50-day moving average price is $87.76 and its 200-day moving average price is $93.80.

Thomson Reuters (NASDAQ:TRI) last released its quarterly earnings data on Tuesday, May 5th. The company reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.05. The company had revenue of $2.04 billion during the quarter, compared to analyst estimates of $2 billion. Thomson Reuters had a net margin of 19.93% and a return on equity of 14.99%. Thomson Reuters’s revenue was up 9.8% compared to the same quarter last year. During the same period last year, the business earned $1.12 earnings per share. On average, equities analysts expect that Thomson Reuters will post 4.44 earnings per share for the current fiscal year.

Institutional Trading of Thomson Reuters

Several institutional investors and hedge funds have recently modified their holdings of the business. Public Sector Pension Investment Board lifted its position in shares of Thomson Reuters by 0.8% during the second quarter. Public Sector Pension Investment Board now owns 13,098 shares of the company’s stock worth $2,629,000 after purchasing an additional 100 shares during the last quarter. Evergreen Capital Management LLC grew its holdings in shares of Thomson Reuters by 1.8% in the fourth quarter. Evergreen Capital Management LLC now owns 5,743 shares of the company’s stock worth $757,000 after purchasing an additional 101 shares during the last quarter. Natixis Advisors LLC increased its stake in Thomson Reuters by 0.6% in the 3rd quarter. Natixis Advisors LLC now owns 16,424 shares of the company’s stock worth $2,551,000 after buying an additional 103 shares during the period. PNC Financial Services Group Inc. increased its stake in Thomson Reuters by 1.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 9,834 shares of the company’s stock worth $885,000 after buying an additional 130 shares during the period. Finally, Royal London Asset Management Ltd. lifted its holdings in Thomson Reuters by 1.7% during the 4th quarter. Royal London Asset Management Ltd. now owns 8,037 shares of the company’s stock valued at $1,060,000 after buying an additional 134 shares in the last quarter. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Thomson Reuters Company Profile

Thomson Reuters is a global provider of information and technology solutions for professional markets, including financial services, legal, tax and accounting, and media industries. The company delivers a range of data, analytics and software tools designed to help customers make informed decisions, manage risk and stay compliant with evolving regulations. Its key offerings include the Eikon financial data platform, Westlaw legal research service, Checkpoint tax and accounting solution, and Reuters News, which supplies real‐time journalism to media organizations worldwide.

Formed in 2008 through the merger of Canada’s Thomson Corporation (founded in 1934) and the UK’s Reuters Group (established in 1851), Thomson Reuters has built on a legacy of journalistic integrity and information innovation.