Thomson Reuters (NYSE:TRI) PT Raised to $156.00 at Royal Bank of Canada

Thomson Reuters (NYSE:TRI) (TSE:TRI) had its price target upped by stock analysts at Royal Bank of Canada from $153.00 to $156.00 in a research note issued 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 target price would indicate a potential upside of 3.00% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. TD Securities lifted their target price on Thomson Reuters from $210.00 to $225.00 and gave the stock a “hold” rating in a report on Wednesday, March 13th. Scotiabank lifted their target price on Thomson Reuters from $142.00 to $159.00 and gave the stock a “sector perform” rating in a report on Friday, February 9th. National Bank Financial raised Thomson Reuters from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, April 23rd. Barclays raised Thomson Reuters from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $150.00 to $180.00 in a research report on Thursday, March 14th. Finally, CIBC raised their target price on Thomson Reuters from $146.00 to $152.00 and gave the stock a “neutral” rating in a research report on Thursday, March 14th. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $157.67.

Thomson Reuters Stock Up 0.2 %

Shares of Thomson Reuters stock opened at $151.46 on Tuesday. Thomson Reuters has a 1-year low of $117.46 and a 1-year high of $161.57. The company has a market capitalization of $68.37 billion, a P/E ratio of 25.94, a PEG ratio of 4.00 and a beta of 0.65. The business’s fifty day moving average price is $155.15 and its two-hundred day moving average price is $145.99. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.90 and a quick ratio of 0.90.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings results on Thursday, February 8th. The business services provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.06. Thomson Reuters had a return on equity of 14.01% and a net margin of 39.67%. The company had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same period last year, the firm earned $0.76 EPS. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. As a group, research analysts forecast that Thomson Reuters will post 3.58 EPS for the current year.

Hedge Funds Weigh In On Thomson Reuters

A number of institutional investors have recently made changes to their positions in the business. Commonwealth Equity Services LLC increased its stake in Thomson Reuters by 1.3% during the third quarter. Commonwealth Equity Services LLC now owns 7,331 shares of the business services provider’s stock valued at $897,000 after acquiring an additional 93 shares during the period. Hexagon Capital Partners LLC increased its stake in Thomson Reuters by 37.7% during the third quarter. Hexagon Capital Partners LLC now owns 438 shares of the business services provider’s stock valued at $54,000 after acquiring an additional 120 shares during the period. FinTrust Capital Advisors LLC bought a new position in Thomson Reuters during the third quarter valued at about $28,000. Aspire Capital Advisors LLC bought a new position in Thomson Reuters during the third quarter valued at about $235,000. Finally, Strategic Investment Advisors MI increased its stake in Thomson Reuters by 13.0% during the third quarter. Strategic Investment Advisors MI now owns 2,258 shares of the business services provider’s stock valued at $276,000 after acquiring an additional 260 shares during the period. 17.31% of the stock is currently owned by institutional investors.

About Thomson Reuters

Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.