Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

According to Zacks, “Thomson Corporation is a leading provider of value-added information and technology to users in the fields of law, tax, accounting, financial services, higher education, reference information, corporate training and assessment, scientific research and healthcare. “

Several other equities analysts also recently commented on the stock. TD Securities upgraded shares of Thomson Reuters Corp from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. BidaskClub upgraded shares of Thomson Reuters Corp from a “hold” rating to a “buy” rating in a research note on Saturday, June 24th. Macquarie upgraded shares of Thomson Reuters Corp from a “neutral” rating to an “outperform” rating in a research note on Thursday, June 15th. Deutsche Bank AG upgraded 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 research note on Monday, June 19th. Finally, Royal Bank Of Canada set a $45.00 price target on shares of Thomson Reuters Corp and gave the company a “hold” rating in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. Thomson Reuters Corp presently has an average rating of “Hold” and an average target price of $51.00.

Shares of Thomson Reuters Corp (TRI) opened at 46.01 on Wednesday. The firm has a 50-day moving average of $45.70 and a 200-day moving average of $44.99. Thomson Reuters Corp has a one year low of $39.23 and a one year high of $48.57. The company has a market capitalization of $33.46 billion, a P/E ratio of 11.13 and a beta of 0.75.

Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last released its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 firm had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.78 billion. During the same period in the previous year, the company earned $0.50 earnings per share. The company’s quarterly revenue was up .5% on a year-over-year basis. Equities research analysts expect that Thomson Reuters Corp will post $2.44 EPS for the current fiscal year.

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A number of institutional investors and hedge funds have recently bought and sold shares of TRI. UBS Asset Management Americas Inc. lifted its position in Thomson Reuters Corp by 375.6% during the first quarter. UBS Asset Management Americas Inc. now owns 550,176 shares of the business services provider’s stock worth $23,784,000 after purchasing an additional 434,487 shares during the period. Ameriprise Financial Inc. lifted its position in Thomson Reuters Corp by 7.0% during the first quarter. Ameriprise Financial Inc. now owns 35,514 shares of the business services provider’s stock worth $1,535,000 after purchasing an additional 2,312 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in Thomson Reuters Corp by 22.6% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 7,779 shares of the business services provider’s stock worth $336,000 after purchasing an additional 1,432 shares during the period. JPMorgan Chase & Co. lifted its position in Thomson Reuters Corp by 19.4% during the first quarter. JPMorgan Chase & Co. now owns 389,341 shares of the business services provider’s stock worth $16,830,000 after purchasing an additional 63,146 shares during the period. Finally, Schroder Investment Management Group lifted its position in Thomson Reuters Corp by 12.6% during the first quarter. Schroder Investment Management Group now owns 44,071 shares of the business services provider’s stock worth $2,482,000 after purchasing an additional 4,931 shares during the period. 26.15% of the stock is owned by institutional investors and hedge funds.

Thomson Reuters Corp Company Profile

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)

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