Analysts at Goldman Sachs Group, Inc. (The) initiated coverage on shares of Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) in a research note issued to investors on Wednesday, November 8th, MarketBeat Ratings reports. The brokerage set a “sell” rating and a $40.00 price target on the business services provider’s stock. Goldman Sachs Group, Inc. (The)’s target price indicates a potential downside of 8.95% from the company’s previous close.
TRI has been the subject of several other research reports. Zacks Investment Research downgraded Thomson Reuters Corp from a “buy” rating to a “hold” rating in a report on Saturday, September 2nd. Macquarie upgraded Thomson Reuters Corp to a “buy” rating and upped their price target for the stock from $51.00 to $58.00 in a report on Tuesday, October 3rd. Morgan Stanley reduced their price objective on Thomson Reuters Corp from $52.00 to $49.00 and set an “equal weight” rating for the company in a research note on Thursday, November 2nd. Credit Suisse Group started coverage on Thomson Reuters Corp in a research note on Tuesday, October 24th. They issued a “neutral” rating and a $52.00 price objective for the company. Finally, TD Securities upgraded Thomson Reuters Corp from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $51.31.
Thomson Reuters Corp (NYSE:TRI) opened at $43.93 on Wednesday. The stock has a market capitalization of $31,258.83, a P/E ratio of 17.50, a price-to-earnings-growth ratio of 2.15 and a beta of 0.74. Thomson Reuters Corp has a 12 month low of $41.81 and a 12 month high of $48.61. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.41.
Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last released its quarterly earnings data on Wednesday, November 1st. The business services provider reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.10. Thomson Reuters Corp had a return on equity of 13.91% and a net margin of 27.20%. The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the previous year, the company posted $0.54 earnings per share. The company’s quarterly revenue was up 1.7% on a year-over-year basis. equities research analysts anticipate that Thomson Reuters Corp will post 2.46 EPS for the current year.
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Institutional investors and hedge funds have recently bought and sold shares of the stock. Huntington National Bank bought a new position in Thomson Reuters Corp during the 2nd quarter worth approximately $106,000. ETF Managers Group LLC purchased a new position in shares of Thomson Reuters Corp in the 2nd quarter valued at approximately $127,000. Omnia Family Wealth LLC raised its stake in Thomson Reuters Corp by 0.3% during the second quarter. Omnia Family Wealth LLC now owns 3,538 shares of the business services provider’s stock valued at $164,000 after buying an additional 10 shares during the last quarter. Beach Investment Management LLC. purchased a new position in Thomson Reuters Corp during the second quarter valued at $203,000. Finally, Boothbay Fund Management LLC purchased a new position in Thomson Reuters Corp during the third quarter valued at $216,000. Institutional investors and hedge funds own 24.72% of the company’s stock.
Thomson Reuters Corp Company Profile
Thomson Reuters Corp (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.
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