Thomson Reuters (NYSE:TRI) (TSE:TRI) has been assigned a $51.00 price target by analysts at Morgan Stanley in a research report issued to clients and investors on Monday, October 15th. The firm currently has a “buy” rating on the business services provider’s stock. Morgan Stanley’s target price would indicate a potential upside of 6.07% from the company’s previous close.
TRI has been the subject of a number of other research reports. ValuEngine raised shares of Thomson Reuters from a “hold” rating to a “buy” rating in a report on Wednesday, September 12th. Bank of America reissued a “neutral” rating and set a $48.00 target price on shares of Thomson Reuters in a research note on Wednesday, October 10th. Royal Bank of Canada boosted their target price on shares of Thomson Reuters from $44.00 to $45.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 7th. Zacks Investment Research raised shares of Thomson Reuters from a “strong sell” rating to a “buy” rating and set a $47.00 target price for the company in a research note on Sunday, July 15th. Finally, Canaccord Genuity reissued a “buy” rating and set a $50.00 target price on shares of Thomson Reuters in a research note on Wednesday, September 5th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Thomson Reuters presently has an average rating of “Buy” and an average target price of $50.00.
NYSE TRI traded up $0.05 on Monday, reaching $48.08. 1,035,744 shares of the company’s stock traded hands, compared to its average volume of 1,595,455. The company has a market capitalization of $26.87 billion, a PE ratio of 19.16, a P/E/G ratio of 10.77 and a beta of 0.52. Thomson Reuters has a fifty-two week low of $36.52 and a fifty-two week high of $48.41. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.45 and a quick ratio of 2.31.
Large investors have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC lifted its holdings in shares of Thomson Reuters by 6,100.0% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 2,480 shares of the business services provider’s stock worth $100,000 after acquiring an additional 2,440 shares during the last quarter. Daiwa SB Investments Ltd. acquired a new position in shares of Thomson Reuters in the 2nd quarter worth approximately $141,000. Cerebellum GP LLC acquired a new position in shares of Thomson Reuters in the 3rd quarter worth approximately $190,000. CenterStar Asset Management LLC increased its stake in Thomson Reuters by 955.5% during the 2nd quarter. CenterStar Asset Management LLC now owns 4,929 shares of the business services provider’s stock worth $198,000 after buying an additional 4,462 shares during the period. Finally, Beach Investment Counsel Inc. PA purchased a new stake in Thomson Reuters during the 3rd quarter worth approximately $200,000. Institutional investors own 28.18% 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: What is a Tariff?
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.