Morgan Stanley set a $53.00 target price on Thomson Reuters (NYSE:TRI) (TSE:TRI) in a research note published on Wednesday morning. The firm currently has a buy rating on the business services provider’s stock.

TRI has been the subject of several other research reports. Goldman Sachs Group started coverage on shares of Thomson Reuters in a report on Thursday, October 18th. They issued a neutral rating for the company. Zacks Investment Research upgraded shares of Thomson Reuters from a hold rating to a buy rating and set a $51.00 target price for the company in a report on Wednesday, October 17th. TD Securities reiterated a buy rating and issued a $69.00 target price on shares of Thomson Reuters in a report on Wednesday. ValuEngine upgraded shares of Thomson Reuters from a hold rating to a buy rating in a report on Wednesday, September 12th. Finally, Piper Jaffray Companies reiterated a hold rating on shares of Thomson Reuters in a report on Wednesday. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $50.00.

TRI opened at $48.08 on Wednesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.31 and a current ratio of 2.45. Thomson Reuters has a 1-year low of $36.52 and a 1-year high of $48.41. The firm has a market cap of $26.87 billion, a price-to-earnings ratio of 19.16, a price-to-earnings-growth ratio of 10.77 and a beta of 0.52.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its earnings results on Tuesday, November 6th. The business services provider reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.07. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.31 billion. Thomson Reuters had a net margin of 16.21% and a return on equity of 6.10%. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.27 earnings per share. On average, equities research analysts anticipate that Thomson Reuters will post 0.64 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Thursday, November 15th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.40 annualized dividend and a dividend yield of 2.91%. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.35. Thomson Reuters’s dividend payout ratio is currently 54.98%.

A number of hedge funds and other institutional investors have recently bought and sold shares of TRI. Dimensional Fund Advisors LP increased its holdings in Thomson Reuters by 20.3% during the first quarter. Dimensional Fund Advisors LP now owns 67,961 shares of the business services provider’s stock worth $2,627,000 after buying an additional 11,476 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its holdings in Thomson Reuters by 40.4% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,338 shares of the business services provider’s stock worth $206,000 after buying an additional 1,537 shares during the last quarter. LPL Financial LLC increased its holdings in Thomson Reuters by 32.0% during the first quarter. LPL Financial LLC now owns 9,896 shares of the business services provider’s stock worth $382,000 after buying an additional 2,400 shares during the last quarter. Guggenheim Capital LLC increased its holdings in Thomson Reuters by 325.4% during the first quarter. Guggenheim Capital LLC now owns 61,912 shares of the business services provider’s stock worth $2,393,000 after buying an additional 47,358 shares during the last quarter. Finally, Daiwa SB Investments Ltd. purchased a new stake in Thomson Reuters during the second quarter worth about $141,000. Institutional investors and hedge funds own 28.18% of the company’s stock.

Thomson Reuters Company Profile

Thomson Reuters Corporation provides news and information for professional markets worldwide. The company operates through three segments: Financial & Risk, Legal, and Tax & Accounting. It sells electronic content and services to professionals primarily on a subscription basis. The Financial & Risk segment offers critical news, information, and analytics enabling transactions and connecting communities of trading, investment, financial, and corporate professionals.

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Analyst Recommendations for Thomson Reuters (NYSE:TRI)

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