TD Securities upgraded shares of Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) from a hold rating to a buy rating in a report released on Wednesday morning, Marketbeat Ratings reports.

TRI has been the topic of several other reports. Zacks Investment Research cut shares of Thomson Reuters Corp from a buy rating to a hold rating in a report on Saturday, September 2nd. Deutsche Bank AG raised shares of Thomson Reuters Corp from a hold rating to a buy rating and upped their price target for the company from $44.00 to $50.00 in a report on Monday, June 19th. BidaskClub raised shares of Thomson Reuters Corp from a hold rating to a buy rating in a report on Saturday, June 24th. Scotiabank upped their price target on shares of Thomson Reuters Corp from $45.00 to $47.00 and gave the company a sector perform rating in a report on Wednesday, August 2nd. Finally, Morgan Stanley reaffirmed an equal weight rating and issued a $49.00 price target (up from $48.00) on shares of Thomson Reuters Corp in a report on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. The stock has an average rating of Hold and an average price target of $50.36.

Shares of Thomson Reuters Corp (TRI) traded down 0.18% during midday trading on Wednesday, hitting $45.53. 691,878 shares of the stock were exchanged. Thomson Reuters Corp has a 12-month low of $39.23 and a 12-month high of $48.57. The firm has a 50 day moving average of $46.14 and a 200 day moving average of $44.62. The firm has a market cap of $32.54 billion, a P/E ratio of 11.18 and a beta of 0.75.

Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last posted its earnings results on Tuesday, August 1st. The business services provider reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.09. Thomson Reuters Corp had a net margin of 26.81% and a return on equity of 13.64%. The business had revenue of $2.78 billion for the quarter, compared to analysts’ expectations of $2.78 billion. During the same period in the previous year, the company posted $0.50 earnings per share. The business’s revenue for the quarter was up .5% compared to the same quarter last year. Equities analysts forecast that Thomson Reuters Corp will post $2.44 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This piece of content was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece of content on another publication, it was copied illegally and reposted in violation of US and international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/09/09/thomson-reuters-corp-tri-raised-to-buy-at-td-securities.html.

Thomson Reuters Corp announced that its board has approved a share repurchase plan on Wednesday, May 24th that permits the company to buyback 36,000,000 shares. This buyback authorization permits the business services provider to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 17th will be issued a $0.345 dividend. This represents a $1.38 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend is Tuesday, August 15th. Thomson Reuters Corp’s payout ratio is 33.91%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Omnia Family Wealth LLC lifted its position in shares of Thomson Reuters Corp by 0.3% in the second quarter. Omnia Family Wealth LLC now owns 3,538 shares of the business services provider’s stock worth $164,000 after purchasing an additional 10 shares in the last quarter. Community Financial Services Group LLC lifted its position in shares of Thomson Reuters Corp by 0.5% in the first quarter. Community Financial Services Group LLC now owns 42,076 shares of the business services provider’s stock worth $1,819,000 after purchasing an additional 220 shares in the last quarter. Suntrust Banks Inc. lifted its position in shares of Thomson Reuters Corp by 0.8% in the second quarter. Suntrust Banks Inc. now owns 47,521 shares of the business services provider’s stock worth $2,199,000 after purchasing an additional 368 shares in the last quarter. Bank of Stockton lifted its position in shares of Thomson Reuters Corp by 4.8% in the second quarter. Bank of Stockton now owns 8,110 shares of the business services provider’s stock worth $374,000 after purchasing an additional 375 shares in the last quarter. Finally, Financial Counselors Inc. lifted its position in shares of Thomson Reuters Corp by 0.9% in the first quarter. Financial Counselors Inc. now owns 55,581 shares of the business services provider’s stock worth $2,403,000 after purchasing an additional 469 shares in the last quarter. 26.16% of the stock is owned by institutional investors and hedge funds.

About Thomson Reuters Corp

Thomson Reuters Corporation (Thomson Reuters) is a Canada-based 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 unit 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)

Receive News & Stock Ratings for Thomson Reuters Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thomson Reuters Corp and related stocks with our FREE daily email newsletter.