CIBC Upgrades Thomson Reuters (NYSE:TRI) to “Outperform”


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Thomson Reuters (NYSE:TRI) (TSE:TRI) was upgraded by CIBC from a “neutral” rating to an “outperform” rating in a report released on Tuesday, Price Targets.com reports.

TRI has been the topic of several other research reports. Scotiabank boosted their target price on Thomson Reuters from $75.00 to $84.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 4th. Royal Bank of Canada boosted their target price on Thomson Reuters from $88.00 to $92.00 and gave the company an “outperform” rating in a research note on Monday. Morgan Stanley started coverage on Thomson Reuters in a research note on Tuesday, February 2nd. They issued an “equal weight” rating and a $90.00 target price on the stock. The Goldman Sachs Group started coverage on Thomson Reuters in a research note on Wednesday, February 17th. They issued a “neutral” rating and a $88.00 target price on the stock. Finally, National Bank Financial upgraded Thomson Reuters from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $111.00 to $115.00 in a research note on Friday, January 15th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $90.46.

Shares of TRI opened at $88.85 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.51 and a current ratio of 1.51. The stock has a 50 day simple moving average of $81.81 and a 200 day simple moving average of $80.25. Thomson Reuters has a 52-week low of $52.23 and a 52-week high of $89.97. The firm has a market capitalization of $44.17 billion, a PE ratio of 23.63, a P/E/G ratio of 3.15 and a beta of 0.47.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its earnings results on Monday, February 22nd. The business services provider reported $0.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.08. The firm had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.61 billion. Thomson Reuters had a return on equity of 8.89% and a net margin of 31.66%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.37 EPS. Equities research analysts predict that Thomson Reuters will post 1.78 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. OLD Second National Bank of Aurora raised its stake in shares of Thomson Reuters by 44.4% during the 3rd quarter. OLD Second National Bank of Aurora now owns 589 shares of the business services provider’s stock worth $47,000 after purchasing an additional 181 shares in the last quarter. Blair William & Co. IL increased its holdings in shares of Thomson Reuters by 5.8% during the 4th quarter. Blair William & Co. IL now owns 3,558 shares of the business services provider’s stock worth $291,000 after acquiring an additional 196 shares during the last quarter. Corient Capital Partners LLC increased its holdings in shares of Thomson Reuters by 0.9% during the 4th quarter. Corient Capital Partners LLC now owns 28,779 shares of the business services provider’s stock worth $2,356,000 after acquiring an additional 254 shares during the last quarter. Captrust Financial Advisors increased its holdings in shares of Thomson Reuters by 269.3% during the 4th quarter. Captrust Financial Advisors now owns 373 shares of the business services provider’s stock worth $31,000 after acquiring an additional 272 shares during the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of Thomson Reuters by 123.0% during the 3rd quarter. Fifth Third Bancorp now owns 553 shares of the business services provider’s stock worth $44,000 after acquiring an additional 305 shares during the last quarter. Institutional investors own 20.49% of the company’s stock.

Thomson Reuters Company Profile

Thomson Reuters Corporation provides news and business information services to professionals in the United States, Other Americas, Europe, the Middle East, Africa, and the Asia- Pacific. It operates through five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print.

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Analyst Recommendations for Thomson Reuters (NYSE:TRI)

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