Thomson Reuters (NYSE:TRI) Upgraded by National Bank Financial to Sector Perform

Thomson Reuters (NYSE:TRI) (TSE:TRI) was upgraded by research analysts at National Bank Financial from an “underperform” rating to a “sector perform” rating in a note issued to investors on Tuesday, Marketbeat Ratings reports.

Other research analysts have also recently issued reports about the stock. Barclays upgraded shares of Thomson Reuters from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $150.00 to $180.00 in a report on Thursday, March 14th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $153.00 price target on shares of Thomson Reuters in a research report on Wednesday, March 13th. CIBC raised their price objective on Thomson Reuters from $146.00 to $152.00 and gave the stock a “neutral” rating in a research report on Thursday, March 14th. Scotiabank boosted their target price on Thomson Reuters from $142.00 to $159.00 and gave the stock a “sector perform” rating in a research note on Friday, February 9th. Finally, TD Securities increased their price target on Thomson Reuters from $210.00 to $225.00 and gave the company a “hold” rating in a research note on Wednesday, March 13th. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $157.42.

Thomson Reuters Trading Up 1.8 %

TRI opened at $152.95 on Tuesday. The stock has a 50-day moving average of $155.84 and a 200 day moving average of $144.84. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.26. Thomson Reuters has a 12 month low of $117.46 and a 12 month high of $161.57. The firm has a market cap of $69.04 billion, a P/E ratio of 26.19, a P/E/G ratio of 3.91 and a beta of 0.65.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its earnings results on Thursday, February 8th. The business services provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.06. Thomson Reuters had a return on equity of 14.01% and a net margin of 39.67%. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the previous year, the business earned $0.76 earnings per share. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, research analysts forecast that Thomson Reuters will post 3.58 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TRI. International Assets Investment Management LLC purchased a new position in shares of Thomson Reuters during the fourth quarter worth approximately $11,438,000. Checchi Capital Advisers LLC boosted its holdings in shares of Thomson Reuters by 3.4% in the third quarter. Checchi Capital Advisers LLC now owns 6,052 shares of the business services provider’s stock valued at $741,000 after acquiring an additional 201 shares in the last quarter. Prime Capital Investment Advisors LLC acquired a new stake in Thomson Reuters in the fourth quarter valued at about $2,954,000. Sapient Capital LLC purchased a new stake in Thomson Reuters in the 4th quarter valued at approximately $13,461,000. Finally, Larson Financial Group LLC increased its position in Thomson Reuters by 0.9% during the 4th quarter. Larson Financial Group LLC now owns 16,298 shares of the business services provider’s stock worth $2,383,000 after purchasing an additional 146 shares during the period. Institutional investors and hedge funds own 17.31% of the company’s stock.

Thomson Reuters Company Profile

Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.