Barclays Has Lowered Expectations for Thomson Reuters (NASDAQ:TRI) Stock Price

Thomson Reuters (NASDAQ:TRI) had its target price lowered by stock analysts at Barclays from $140.00 to $130.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price objective suggests a potential upside of 27.67% from the stock’s current price.

TRI has been the subject of a number of other reports. Canaccord Genuity Group dropped their price target on Thomson Reuters from $134.00 to $132.50 and set a “buy” rating for the company in a research note on Thursday, August 6th. Scotia reduced their price objective on Thomson Reuters from $138.00 to $135.00 and set a “sector outperform” rating on the stock in a research report on Thursday, August 6th. Weiss Ratings raised Thomson Reuters from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, August 24th. Scotiabank reiterated a “sector outperform” rating and issued a $135.00 target price on shares of Thomson Reuters in a research report on Thursday, August 6th. Finally, Bank of America cut their price target on Thomson Reuters from $115.00 to $98.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $131.57.

Thomson Reuters Price Performance

TRI stock traded down $3.85 during trading on Tuesday, reaching $101.83. 126,285 shares of the company were exchanged, compared to its average volume of 2,264,136. The company has a 50-day moving average of $98.79 and a two-hundred day moving average of $93.26. The company has a market capitalization of $44.36 billion, a price-to-earnings ratio of 27.11, a P/E/G ratio of 2.04 and a beta of 0.74. Thomson Reuters has a twelve month low of $76.28 and a twelve month high of $176.31. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.51 and a quick ratio of 0.51.

Thomson Reuters (NASDAQ:TRI) last issued its earnings results on Wednesday, August 5th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.03. The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.89 billion. Thomson Reuters had a net margin of 21.22% and a return on equity of 15.82%. The company’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the business posted $0.87 earnings per share. As a group, equities analysts predict that Thomson Reuters will post 4.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TRI. TLT Family Holdco ULC bought a new stake in Thomson Reuters in the second quarter valued at approximately $865,442,000. SEG Family Corp. bought a new position in Thomson Reuters during the 2nd quarter worth approximately $659,930,000. Invesco Ltd. raised its holdings in Thomson Reuters by 461.1% during the 3rd quarter. Invesco Ltd. now owns 2,253,243 shares of the company’s stock worth $349,996,000 after purchasing an additional 1,851,677 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Thomson Reuters in the 2nd quarter worth approximately $107,223,000. Finally, Bank of America Corp DE acquired a new position in shares of Thomson Reuters in the 2nd quarter worth approximately $104,104,000. 17.31% of the stock is owned by institutional investors.

Thomson Reuters Company Profile

Thomson Reuters is a global provider of information and technology solutions for professional markets, including financial services, legal, tax and accounting, and media industries. The company delivers a range of data, analytics and software tools designed to help customers make informed decisions, manage risk and stay compliant with evolving regulations. Its key offerings include the Eikon financial data platform, Westlaw legal research service, Checkpoint tax and accounting solution, and Reuters News, which supplies real?time journalism to media organizations worldwide.

Formed in 2008 through the merger of Canada’s Thomson Corporation (founded in 1934) and the UK’s Reuters Group (established in 1851), Thomson Reuters has built on a legacy of journalistic integrity and information innovation.