Thomson Reuters (NYSE:TRI) (TSE:TRI)‘s stock had its “hold” rating reaffirmed by stock analysts at CIBC in a report released on Wednesday. They currently have a $53.00 price objective on the business services provider’s stock. CIBC’s price target would suggest a potential upside of 3.94% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Canaccord Genuity restated a “buy” rating and issued a $50.00 price target on shares of Thomson Reuters in a research report on Wednesday, September 5th. Royal Bank of Canada boosted their price target on shares of Thomson Reuters from $45.00 to $47.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 29th. Zacks Investment Research cut shares of Thomson Reuters from a “buy” rating to a “hold” rating in a research report on Thursday, October 18th. Bank of America restated a “neutral” rating and issued a $48.00 price target on shares of Thomson Reuters in a research report on Wednesday, October 10th. Finally, Morgan Stanley upgraded shares of Thomson Reuters from an “equal weight” rating to an “overweight” rating and set a $52.00 price target on the stock in a research report on Thursday, September 13th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $51.00.

Shares of TRI opened at $50.99 on Wednesday. Thomson Reuters has a fifty-two week low of $36.52 and a fifty-two week high of $51.74. The firm has a market capitalization of $25.75 billion, a P/E ratio of 18.47, a price-to-earnings-growth ratio of 8.25 and a beta of 0.55. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.39.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings results on Tuesday, November 6th. The business services provider reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.07. Thomson Reuters had a net margin of 16.21% and a return on equity of 6.10%. The company had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the previous year, the business posted $0.27 earnings per share. Thomson Reuters’s quarterly revenue was up 1.6% on a year-over-year basis. As a group, analysts anticipate that Thomson Reuters will post 0.69 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Massachusetts Financial Services Co. MA boosted its stake in Thomson Reuters by 0.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,803,317 shares of the business services provider’s stock worth $402,135,000 after buying an additional 60,838 shares during the period. Vanguard Group Inc. boosted its stake in Thomson Reuters by 2.6% during the third quarter. Vanguard Group Inc. now owns 7,307,472 shares of the business services provider’s stock worth $333,806,000 after buying an additional 182,469 shares during the period. Morgan Stanley boosted its stake in Thomson Reuters by 562.2% during the third quarter. Morgan Stanley now owns 5,318,579 shares of the business services provider’s stock worth $242,953,000 after buying an additional 4,515,466 shares during the period. Mawer Investment Management Ltd. boosted its stake in Thomson Reuters by 20.8% during the second quarter. Mawer Investment Management Ltd. now owns 3,517,788 shares of the business services provider’s stock worth $142,070,000 after buying an additional 604,871 shares during the period. Finally, Parnassus Investments CA boosted its stake in Thomson Reuters by 39.5% during the second quarter. Parnassus Investments CA now owns 2,937,541 shares of the business services provider’s stock worth $118,442,000 after buying an additional 832,502 shares during the period. 33.08% of the stock is owned by institutional investors.

About Thomson Reuters

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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