Thomson Reuters (NASDAQ:TRI) Now Covered by Argus

Research analysts at Argus initiated coverage on shares of Thomson Reuters (NASDAQ:TRI) in a report released on Wednesday. The brokerage set a “hold” rating on the stock.

A number of other brokerages have also recently issued reports on TRI. JPMorgan Chase & Co. lowered their target price on Thomson Reuters from $160.00 to $100.00 and set a “neutral” rating for the company in a report on Friday, February 6th. BMO Capital Markets set a $165.00 target price on Thomson Reuters in a report on Friday, February 6th. TD Securities reaffirmed a “buy” rating on shares of Thomson Reuters in a report on Friday, February 6th. Canaccord Genuity Group lowered their target price on Thomson Reuters from $174.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, February 4th. Finally, Wells Fargo & Company set a $87.00 price target on Thomson Reuters and gave the company an “equal weight” rating in a research note on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Thomson Reuters has a consensus rating of “Moderate Buy” and a consensus price target of $144.27.

Thomson Reuters Price Performance

Shares of TRI opened at $96.72 on Wednesday. Thomson Reuters has a 12-month low of $79.71 and a 12-month high of $218.42. The business has a 50-day simple moving average of $92.87 and a two-hundred day simple moving average of $119.43. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.11. The stock has a market cap of $42.84 billion, a PE ratio of 29.05, a PEG ratio of 1.41 and a beta of 0.83.

Thomson Reuters (NASDAQ:TRI) last issued its earnings results on Thursday, February 5th. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. Thomson Reuters had a return on equity of 14.51% and a net margin of 20.09%.The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.01 billion. Analysts anticipate that Thomson Reuters will post 4.4 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Thomson Reuters

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Empowered Funds LLC bought a new stake in shares of Thomson Reuters during the 4th quarter valued at about $30,000. Cullen Frost Bankers Inc. boosted its position in shares of Thomson Reuters by 50.0% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 249 shares of the company’s stock valued at $39,000 after purchasing an additional 83 shares in the last quarter. Timmons Wealth Management LLC bought a new stake in shares of Thomson Reuters during the 4th quarter valued at about $42,000. Montag A & Associates Inc. bought a new stake in shares of Thomson Reuters during the 4th quarter valued at about $43,000. Finally, Westside Investment Management Inc. boosted its position in shares of Thomson Reuters by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 338 shares of the company’s stock valued at $52,000 after purchasing an additional 169 shares in the last quarter. Institutional investors and hedge funds 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.