Equities research analysts at Goldman Sachs Group, Inc. (The) began coverage on shares of Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) in a research report issued on Wednesday, November 8th, Marketbeat Ratings reports. The brokerage set a “sell” rating and a $40.00 price target on the business services provider’s stock. Goldman Sachs Group, Inc. (The)’s price target points to a potential downside of 9.09% from the stock’s previous close.
A number of other equities research analysts have also issued reports on TRI. Royal Bank Of Canada increased their price target on Thomson Reuters Corp from $45.00 to $47.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 2nd. Piper Jaffray Companies reiterated a “hold” rating and issued a $50.00 price objective on shares of Thomson Reuters Corp in a report on Thursday, August 3rd. Canaccord Genuity set a $47.00 price objective on Thomson Reuters Corp and gave the company a “hold” rating in a report on Tuesday, August 1st. Scotiabank raised their price target on Thomson Reuters Corp from $45.00 to $47.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research upgraded Thomson Reuters Corp from a “sell” rating to a “hold” rating and set a $53.00 price target on the stock in a research note on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. Thomson Reuters Corp has a consensus rating of “Hold” and an average target price of $51.31.
Thomson Reuters Corp (TRI) traded up $0.13 on Wednesday, reaching $44.00. The company had a trading volume of 507,845 shares, compared to its average volume of 1,148,117. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.41. The firm has a market cap of $31,390.00, a price-to-earnings ratio of 17.50, a price-to-earnings-growth ratio of 2.15 and a beta of 0.74. Thomson Reuters Corp has a 1 year low of $42.22 and a 1 year high of $48.61.
Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings results on Wednesday, November 1st. The business services provider reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.10. The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. Thomson Reuters Corp had a return on equity of 13.91% and a net margin of 27.20%. Thomson Reuters Corp’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 EPS. research analysts anticipate that Thomson Reuters Corp will post 2.46 earnings per share for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in TRI. Huntington National Bank acquired a new position in shares of Thomson Reuters Corp in the second quarter worth $106,000. ETF Managers Group LLC purchased a new stake in shares of Thomson Reuters Corp in the second quarter valued at $127,000. Omnia Family Wealth LLC grew its position in shares of Thomson Reuters Corp by 0.3% in the second quarter. Omnia Family Wealth LLC now owns 3,538 shares of the business services provider’s stock valued at $164,000 after purchasing an additional 10 shares during the period. Beach Investment Management LLC. purchased a new stake in shares of Thomson Reuters Corp in the second quarter valued at $203,000. Finally, Boothbay Fund Management LLC purchased a new stake in shares of Thomson Reuters Corp in the third quarter valued at $216,000. 24.73% of the stock is owned by institutional investors.
Thomson Reuters Corp Company Profile
Thomson Reuters Corp (Thomson Reuters) is a Canada-based provider of news and information for professional markets. The Company is organized in three business units: Financial & Risk, Legal, and Tax & Accounting. The Financial & Risk unit is a provider of critical news, information and analytics, enabling transactions and connecting communities of trading, investment, financial and corporate professionals.
Receive News & Ratings for Thomson Reuters Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thomson Reuters Corp and related companies with our FREE daily email newsletter.