Barclays Lowers Thomson Reuters (TRI) Price Target to $42.00

Thomson Reuters (NYSE:TRI) (TSE:TRI) had its target price trimmed by Barclays from $48.00 to $42.00 in a report issued on Friday morning. The brokerage currently has an equal weight rating on the business services provider’s stock.

TRI has been the subject of a number of other research reports. Royal Bank of Canada reissued a hold rating and set a $48.00 target price on shares of Thomson Reuters in a research report on Wednesday, January 24th. Credit Suisse Group reissued a hold rating and set a $51.00 target price on shares of Thomson Reuters in a research report on Wednesday, January 31st. Zacks Investment Research raised shares of Thomson Reuters from a hold rating to a buy rating and set a $49.00 target price for the company in a research report on Friday, January 5th. ValuEngine cut shares of Thomson Reuters from a buy rating to a hold rating in a research report on Wednesday, March 14th. Finally, Edward Jones cut shares of Thomson Reuters from a buy rating to a hold rating in a research report on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. Thomson Reuters presently has an average rating of Hold and an average target price of $49.36.

How to Become a New Pot Stock Millionaire

Shares of TRI opened at $39.37 on Friday. Thomson Reuters has a fifty-two week low of $38.22 and a fifty-two week high of $48.61. The company has a market capitalization of $27,864.88, a PE ratio of 15.69, a price-to-earnings-growth ratio of 2.96 and a beta of 0.69. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.62 and a quick ratio of 0.62.



Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings results on Thursday, February 8th. The business services provider reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.02. Thomson Reuters had a net margin of 12.31% and a return on equity of 13.61%. The firm had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $2.95 billion. During the same quarter in the prior year, the company earned $0.60 EPS. The company’s revenue was up 2.9% compared to the same quarter last year. equities analysts expect that Thomson Reuters will post 1.89 EPS for the current year.

A number of institutional investors have recently modified their holdings of the business. Mackenzie Financial Corp increased its stake in Thomson Reuters by 1,010.4% during the 4th quarter. Mackenzie Financial Corp now owns 12,479,906 shares of the business services provider’s stock valued at $543,999,000 after purchasing an additional 11,356,000 shares in the last quarter. Mawer Investment Management Ltd. increased its stake in Thomson Reuters by 2.0% during the 4th quarter. Mawer Investment Management Ltd. now owns 2,723,758 shares of the business services provider’s stock valued at $118,840,000 after purchasing an additional 54,529 shares in the last quarter. CIBC Asset Management Inc increased its stake in Thomson Reuters by 85.1% during the 4th quarter. CIBC Asset Management Inc now owns 1,978,530 shares of the business services provider’s stock valued at $86,592,000 after purchasing an additional 909,851 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Thomson Reuters by 7.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 952,095 shares of the business services provider’s stock valued at $41,502,000 after purchasing an additional 66,792 shares in the last quarter. Finally, Two Sigma Investments LP increased its stake in Thomson Reuters by 304.4% during the 4th quarter. Two Sigma Investments LP now owns 942,309 shares of the business services provider’s stock valued at $41,117,000 after purchasing an additional 709,319 shares in the last quarter. Institutional investors and hedge funds own 25.60% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Barclays Lowers Thomson Reuters (TRI) Price Target to $42.00” was published by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this piece of content can be accessed at https://stocknewstimes.com/2018/04/17/barclays-lowers-thomson-reuters-tri-price-target-to-42-00.html.

About Thomson Reuters

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.

Analyst Recommendations for Thomson Reuters (NYSE:TRI)

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

Leave a Reply