Thomson Reuters (NYSE:TRI) Given New $190.00 Price Target at UBS Group

Thomson Reuters (NYSE:TRI) (TSE:TRI) had its price objective boosted by equities research analysts at UBS Group from $177.00 to $190.00 in a report issued on Friday, Benzinga reports. The firm currently has a “buy” rating on the business services provider’s stock. UBS Group’s target price indicates a potential upside of 15.33% from the stock’s previous close.

Several other research analysts also recently issued reports on TRI. Scotiabank upped their price target on shares of Thomson Reuters from $159.00 to $164.00 and gave the stock a “sector perform” rating in a research report on Friday. Canaccord Genuity Group increased their price target on shares of Thomson Reuters from $149.00 to $156.00 and gave the company a “hold” rating in a research note on Friday. JPMorgan Chase & Co. boosted their price objective on shares of Thomson Reuters from $152.00 to $163.00 and gave the stock a “neutral” rating in a research report on Friday. National Bank Financial upgraded Thomson Reuters from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, April 23rd. Finally, Royal Bank of Canada lifted their target price on Thomson Reuters from $153.00 to $156.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 30th. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $164.31.

Thomson Reuters Stock Performance

NYSE:TRI opened at $164.74 on Friday. The stock has a market capitalization of $74.35 billion, a P/E ratio of 31.38, a price-to-earnings-growth ratio of 4.24 and a beta of 0.65. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.26. Thomson Reuters has a 1 year low of $117.46 and a 1 year high of $166.11. The firm has a 50 day moving average of $155.38 and a 200-day moving average of $146.37.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings data on Thursday, May 2nd. The business services provider reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.17. The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.86 billion. Thomson Reuters had a return on equity of 15.43% and a net margin of 34.87%. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 EPS. As a group, sell-side analysts anticipate that Thomson Reuters will post 3.58 EPS for the current fiscal year.

Hedge Funds Weigh In On Thomson Reuters

Several institutional investors have recently modified their holdings of TRI. Assenagon Asset Management S.A. raised its position in shares of Thomson Reuters by 1.8% in the 1st quarter. Assenagon Asset Management S.A. now owns 3,990 shares of the business services provider’s stock valued at $622,000 after acquiring an additional 70 shares during the period. Fifth Third Bancorp raised its holdings in Thomson Reuters by 25.7% in the fourth quarter. Fifth Third Bancorp now owns 382 shares of the business services provider’s stock worth $56,000 after purchasing an additional 78 shares during the period. Legacy Wealth Asset Management LLC raised its holdings in Thomson Reuters by 0.7% in the fourth quarter. Legacy Wealth Asset Management LLC now owns 12,685 shares of the business services provider’s stock worth $1,855,000 after purchasing an additional 82 shares during the period. Gulf International Bank UK Ltd boosted its position in shares of Thomson Reuters by 5.8% during the first quarter. Gulf International Bank UK Ltd now owns 1,541 shares of the business services provider’s stock worth $239,000 after purchasing an additional 85 shares in the last quarter. Finally, Advisor OS LLC grew its holdings in shares of Thomson Reuters by 5.2% in the 3rd quarter. Advisor OS LLC now owns 1,730 shares of the business services provider’s stock valued at $212,000 after buying an additional 86 shares during the period. 17.31% of the stock is currently owned by institutional investors and hedge funds.

About Thomson Reuters

Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.