Shares of Thomson Reuters Corp. (NYSE:TRI) have earned an average rating of “Hold” from the fifteen research firms that are presently covering the stock. One analyst has rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $48.00.

Several analysts have weighed in on the stock. Zacks Investment Research lowered shares of Thomson Reuters Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday. TD Securities reiterated a “hold” rating and set a $56.00 target price on shares of Thomson Reuters Corp. in a research note on Wednesday, August 10th. Barclays PLC reiterated an “equal weight” rating and set a $40.00 target price on shares of Thomson Reuters Corp. in a research note on Friday, July 15th. Credit Suisse Group AG reiterated a “buy” rating on shares of Thomson Reuters Corp. in a research note on Tuesday, July 12th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $47.00 target price on shares of Thomson Reuters Corp. in a research note on Thursday, September 8th.

A number of institutional investors have recently modified their holdings of TRI. Quotient Investors LLC boosted its position in shares of Thomson Reuters Corp. by 1.0% in the second quarter. Quotient Investors LLC now owns 10,540 shares of the company’s stock worth $426,000 after buying an additional 100 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Thomson Reuters Corp. by 1.6% in the second quarter. PNC Financial Services Group Inc. now owns 13,711 shares of the company’s stock worth $554,000 after buying an additional 215 shares during the last quarter. Checchi Capital Advisers LLC boosted its position in shares of Thomson Reuters Corp. by 3.1% in the second quarter. Checchi Capital Advisers LLC now owns 8,994 shares of the company’s stock worth $364,000 after buying an additional 272 shares during the last quarter. Wunderlich Capital Managemnt boosted its position in shares of Thomson Reuters Corp. by 1.0% in the second quarter. Wunderlich Capital Managemnt now owns 33,591 shares of the company’s stock worth $1,358,000 after buying an additional 329 shares during the last quarter. Finally, Raymond James Trust N.A. boosted its position in shares of Thomson Reuters Corp. by 3.5% in the second quarter. Raymond James Trust N.A. now owns 11,302 shares of the company’s stock worth $456,000 after buying an additional 382 shares during the last quarter. 28.76% of the stock is owned by institutional investors and hedge funds.

Shares of Thomson Reuters Corp. (NYSE:TRI) opened at 39.82 on Friday. The firm has a market cap of $29.69 billion, a PE ratio of 23.69 and a beta of 0.82. The company has a 50 day moving average of $40.97 and a 200 day moving average of $41.31. Thomson Reuters Corp. has a 52 week low of $33.96 and a 52 week high of $43.68.

Thomson Reuters Corp. (NYSE:TRI) last released its earnings results on Thursday, July 28th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.01. Thomson Reuters Corp. had a net margin of 11.09% and a return on equity of 12.81%. The firm earned $2.77 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same quarter in the previous year, the firm earned $0.52 earnings per share. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. On average, equities research analysts anticipate that Thomson Reuters Corp. will post $2.01 EPS for the current fiscal year.

Thomson Reuters Corp. Company Profile

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