Thomson Reuters Corp (NYSE:TRI) Price Target Lowered to $51.00 at Credit Suisse Group

Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) had its price target dropped by stock analysts at Credit Suisse Group from $52.00 to $51.00 in a research note issued to investors on Thursday, November 2nd. The firm currently has a “neutral” rating on the business services provider’s stock. Credit Suisse Group’s price objective would suggest a potential upside of 14.94% from the company’s previous close.

A number of other equities analysts have also recently commented on the stock. TD Securities raised shares of Thomson Reuters Corp from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Zacks Investment Research cut shares of Thomson Reuters Corp from a “buy” rating to a “hold” rating in a research note on Saturday, September 2nd. Morgan Stanley boosted their price target on shares of Thomson Reuters Corp from $51.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Monday, October 23rd. Royal Bank Of Canada set a $45.00 price target on shares of Thomson Reuters Corp and gave the stock a “hold” rating in a research note on Thursday, July 27th. Finally, BidaskClub lowered shares of Thomson Reuters Corp from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. Thomson Reuters Corp presently has a consensus rating of “Hold” and a consensus target price of $51.31.

Thomson Reuters Corp (NYSE:TRI) traded up $0.09 during mid-day trading on Thursday, reaching $44.37. 467,800 shares of the company’s stock were exchanged, compared to its average volume of 1,156,775. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.41. Thomson Reuters Corp has a fifty-two week low of $41.26 and a fifty-two week high of $48.61. The stock has a market cap of $31,507.86, a PE ratio of 17.64, a PEG ratio of 2.16 and a beta of 0.74.

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

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A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Thomson Reuters Corp by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 7,317,244 shares of the business services provider’s stock valued at $316,324,000 after buying an additional 193,354 shares during the last quarter. TD Asset Management Inc. raised its holdings in Thomson Reuters Corp by 3.6% during the 2nd quarter. TD Asset Management Inc. now owns 7,155,761 shares of the business services provider’s stock valued at $330,813,000 after buying an additional 247,665 shares during the last quarter. CIBC World Markets Inc. raised its holdings in Thomson Reuters Corp by 112.8% during the 2nd quarter. CIBC World Markets Inc. now owns 4,066,504 shares of the business services provider’s stock valued at $188,238,000 after buying an additional 2,155,229 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in Thomson Reuters Corp by 2.9% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,060,000 shares of the business services provider’s stock valued at $186,633,000 after purchasing an additional 113,500 shares during the period. Finally, BlackRock Inc. increased its position in Thomson Reuters Corp by 11,279.4% during the 1st quarter. BlackRock Inc. now owns 3,853,749 shares of the business services provider’s stock valued at $166,597,000 after purchasing an additional 3,819,883 shares during the period. Institutional investors own 24.72% of the company’s stock.

About Thomson Reuters Corp

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 Corp (NYSE:TRI)

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