Thomson Reuters (NYSE:TRI) Given New $155.00 Price Target at Royal Bank Of Canada

Thomson Reuters (NYSE:TRI) (TSE:TRI) had its price objective cut by equities researchers at Royal Bank Of Canada from $177.00 to $155.00 in a report released on Tuesday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the business services provider’s stock. Royal Bank Of Canada’s price objective indicates a potential upside of 70.62% from the stock’s current price.

TRI has been the topic of several other reports. Wells Fargo & Company lowered their price target on shares of Thomson Reuters from $212.00 to $160.00 and set an “overweight” rating on the stock in a report on Wednesday, January 14th. CIBC set a $183.00 price objective on shares of Thomson Reuters and gave the company an “outperformer” rating in a report on Friday, January 16th. Scotiabank reiterated an “outperform” rating and set a $189.00 target price (down previously from $200.00) on shares of Thomson Reuters in a research report on Wednesday, November 5th. The Goldman Sachs Group set a $186.00 target price on shares of Thomson Reuters and gave the company a “buy” rating in a research report on Wednesday, October 15th. Finally, Canaccord Genuity Group set a $174.00 price objective on Thomson Reuters and gave the company a “buy” rating in a research note on Tuesday, November 4th. Ten equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $186.09.

Thomson Reuters Stock Down 16.7%

NYSE TRI traded down $18.18 during trading on Tuesday, hitting $90.85. The company’s stock had a trading volume of 6,301,091 shares, compared to its average volume of 1,417,235. Thomson Reuters has a fifty-two week low of $86.42 and a fifty-two week high of $218.42. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. The company has a market cap of $40.42 billion, a PE ratio of 18.62, a P/E/G ratio of 5.67 and a beta of 0.80. The business’s 50 day simple moving average is $128.34 and its 200-day simple moving average is $152.92.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its earnings results on Tuesday, November 4th. The business services provider reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.04. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The firm had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same period in the prior year, the firm earned $0.80 EPS. The firm’s revenue was up 3.4% on a year-over-year basis. On average, equities analysts anticipate that Thomson Reuters will post 3.89 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. TLT Family Holdco ULC purchased a new position in shares of Thomson Reuters in the 2nd quarter valued at $865,442,000. LCC Family Corp. acquired a new stake in Thomson Reuters during the 2nd quarter worth approximately $813,253,000. SEG Family Corp. acquired a new stake in shares of Thomson Reuters in the 2nd quarter worth $659,930,000. Invesco Ltd. boosted its holdings in Thomson Reuters by 461.1% in the 3rd quarter. Invesco Ltd. now owns 2,253,243 shares of the business services provider’s stock valued at $349,996,000 after purchasing an additional 1,851,677 shares in the last quarter. Finally, Norges Bank acquired a new position in Thomson Reuters during the 2nd quarter worth approximately $275,036,000. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Thomson Reuters Company Profile

Thomson Reuters (NYSE: TRI) is a multinational information and media company that provides content, technology and services to professionals in the legal, tax & accounting, compliance, risk, corporate and media sectors. Headquartered in Toronto, Canada, the company combines news and editorial content from the Reuters news agency with specialist workflow platforms and databases designed to support decision-making and regulatory compliance across industries worldwide.

The company’s product portfolio spans legal research and workflow tools, tax and accounting software, regulatory and risk management solutions, and real-time news and data services.