Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) had its target price increased by Deutsche Bank AG from $50.00 to $55.00 in a research note issued to investors on Wednesday. The brokerage presently has a “buy” rating on the business services provider’s stock. Deutsche Bank AG’s target price points to a potential upside of 15.81% from the stock’s current price.

Other research analysts have also recently issued reports about the company. BidaskClub upgraded Thomson Reuters Corp from a “hold” rating to a “buy” rating in a research note on Saturday, June 24th. Zacks Investment Research raised Thomson Reuters Corp from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Thursday, April 20th. Morgan Stanley reaffirmed an “equal weight” rating and set a $49.00 target price (up from $48.00) on shares of Thomson Reuters Corp in a research report on Tuesday, July 18th. Canaccord Genuity lowered Thomson Reuters Corp from a “buy” rating to a “hold” rating and set a $47.00 target price for the company. in a research report on Monday, May 1st. Finally, Royal Bank Of Canada reaffirmed a “hold” rating on shares of Thomson Reuters Corp in a research report on Wednesday, April 26th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $49.42.

Thomson Reuters Corp (TRI) traded down 0.13% during midday trading on Wednesday, hitting $47.43. The stock had a trading volume of 420,064 shares. Thomson Reuters Corp has a 52 week low of $39.23 and a 52 week high of $48.57. The company’s 50-day moving average price is $46.05 and its 200 day moving average price is $44.34. The company has a market capitalization of $34.20 billion, a PE ratio of 11.65 and a beta of 0.75.

Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.09. Thomson Reuters Corp had a return on equity of 13.74% and a net margin of 26.81%. The company had revenue of $2.78 billion during the quarter, compared to analysts’ expectations of $2.78 billion. During the same period in the prior year, the company earned $0.50 EPS. Thomson Reuters Corp’s revenue was up .5% compared to the same quarter last year. On average, analysts expect that Thomson Reuters Corp will post $2.43 EPS for the current year.

Thomson Reuters Corp announced that its Board of Directors has authorized a share buyback program on Wednesday, May 24th that allows the company to buyback 36,000,000 shares. This buyback authorization allows the business services provider to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.

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A number of hedge funds have recently modified their holdings of TRI. DORCHESTER WEALTH MANAGEMENT Co increased its stake in shares of Thomson Reuters Corp by 6.6% in the first quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 5,528 shares of the business services provider’s stock worth $239,000 after buying an additional 343 shares during the last quarter. Beutel Goodman & Co Ltd. increased its stake in shares of Thomson Reuters Corp by 4.9% in the first quarter. Beutel Goodman & Co Ltd. now owns 5,057,257 shares of the business services provider’s stock worth $218,332,000 after buying an additional 236,410 shares during the last quarter. Capstone Asset Management Co. increased its stake in shares of Thomson Reuters Corp by 9.5% in the first quarter. Capstone Asset Management Co. now owns 188,058 shares of the business services provider’s stock worth $8,130,000 after buying an additional 16,310 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Thomson Reuters Corp by 10.7% in the first quarter. Bank of Montreal Can now owns 8,345,670 shares of the business services provider’s stock worth $360,784,000 after buying an additional 806,046 shares during the last quarter. Finally, Country Club Trust Company n.a. increased its stake in shares of Thomson Reuters Corp by 1.6% in the first quarter. Country Club Trust Company n.a. now owns 166,018 shares of the business services provider’s stock worth $7,177,000 after buying an additional 2,597 shares during the last quarter. Hedge funds and other institutional investors own 26.45% of the company’s stock.

Thomson Reuters Corp Company Profile

Thomson Reuters Corporation (Thomson Reuters) is a 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 segment 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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