Thomson Reuters Corp (TRI) Now Covered by Goldman Sachs Group Inc

Equities researchers at Goldman Sachs Group Inc initiated coverage on shares of Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) in a note issued to investors on Wednesday, November 8th, MarketBeat.com reports. The firm set a “sell” rating and a $40.00 price target on the business services provider’s stock. Goldman Sachs Group Inc’s price target would suggest a potential downside of 9.71% from the stock’s current price.

TRI has been the topic of several other research reports. Zacks Investment Research lowered Thomson Reuters from a “buy” rating to a “hold” rating in a report on Saturday, September 2nd. Macquarie upgraded Thomson Reuters to a “buy” rating and lifted their price target for the stock from $51.00 to $58.00 in a report on Tuesday, October 3rd. Morgan Stanley reduced their price target on Thomson Reuters from $52.00 to $49.00 and set an “equal weight” rating on the stock in a report on Thursday, November 2nd. Credit Suisse Group initiated coverage on Thomson Reuters in a report on Tuesday, October 24th. They set a “neutral” rating and a $52.00 price target on the stock. Finally, TD Securities upgraded Thomson Reuters from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $51.23.

Shares of Thomson Reuters (NYSE:TRI) opened at $44.30 on Wednesday. Thomson Reuters has a one year low of $42.22 and a one year high of $48.61. 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 stock has a market cap of $31,650.00, a price-to-earnings ratio of 17.63, a price-to-earnings-growth ratio of 2.16 and a beta of 0.74.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its earnings results on Wednesday, November 1st. The business services provider reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.10. Thomson Reuters had a net margin of 27.20% and a return on equity of 13.91%. The company had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter in the previous year, the company posted $0.54 EPS. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. sell-side analysts forecast that Thomson Reuters will post 2.46 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Americafirst Capital Management LLC purchased a new stake in Thomson Reuters in the 3rd quarter valued at about $492,000. Wunderlich Capital Managemnt raised its holdings in Thomson Reuters by 4.6% in the 3rd quarter. Wunderlich Capital Managemnt now owns 33,126 shares of the business services provider’s stock valued at $1,520,000 after buying an additional 1,455 shares during the period. Janney Montgomery Scott LLC purchased a new stake in Thomson Reuters in the 3rd quarter valued at about $328,000. Cubist Systematic Strategies LLC raised its holdings in Thomson Reuters by 40.3% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 95,924 shares of the business services provider’s stock valued at $4,402,000 after buying an additional 27,538 shares during the period. Finally, Point72 Asset Management L.P. purchased a new stake in Thomson Reuters in the 3rd quarter valued at about $41,447,000. Hedge funds and other institutional investors own 24.73% of the company’s stock.

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Thomson Reuters 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.

Analyst Recommendations for Thomson Reuters (NYSE:TRI)

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