Morgan Stanley Reiterates $51.00 Price Target for Thomson Reuters (NYSE:TRI)

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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.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its earnings results on Tuesday, November 6th. The business services provider reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.07. Thomson Reuters had a net margin of 16.21% and a return on equity of 6.10%. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the previous year, the firm posted $0.27 earnings per share. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. Research analysts expect that Thomson Reuters will post 0.64 earnings per share for the current year.

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.

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Analyst Recommendations for Thomson Reuters (NYSE:TRI)

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