Thomson Reuters (NYSE:TRI) Given New $155.00 Price Target at Royal Bank Of Canada

Thomson Reuters (NYSE:TRI) (TSE:TRI) had its target price cut by Royal Bank Of Canada from $177.00 to $155.00 in a report issued on Tuesday morning,BayStreet.CA reports. They currently have a sector perform rating on the business services provider’s stock.

A number of other equities analysts also recently weighed in on TRI. BMO Capital Markets restated an “outperform” rating on shares of Thomson Reuters in a report on Wednesday, November 5th. JPMorgan Chase & Co. lowered their price objective on shares of Thomson Reuters from $178.00 to $160.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 5th. Scotiabank reiterated an “outperform” rating and issued a $189.00 target price (down from $200.00) on shares of Thomson Reuters in a research note on Wednesday, November 5th. Wells Fargo & Company reduced their price target on Thomson Reuters from $212.00 to $160.00 and set an “overweight” rating for the company in a report on Wednesday, January 14th. Finally, Huber Research raised Thomson Reuters to an “overweight” rating in a research report on Monday, October 20th. Ten research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Thomson Reuters presently has a consensus rating of “Moderate Buy” and a consensus target price of $186.09.

Thomson Reuters Price Performance

NYSE:TRI opened at $91.95 on Tuesday. Thomson Reuters has a 52-week low of $86.42 and a 52-week high of $218.42. The company has a market cap of $40.91 billion, a P/E ratio of 18.80, a P/E/G ratio of 5.67 and a beta of 0.80. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02. The stock’s 50-day simple moving average is $127.50 and its 200 day simple moving average is $152.09.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings results on Tuesday, November 4th. The business services provider reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.04. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The firm had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same period last year, the company earned $0.80 earnings per share. The business’s revenue was up 3.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Thomson Reuters will post 3.89 EPS for the current fiscal year.

Institutional Investors Weigh In On Thomson Reuters

A number of hedge funds and other institutional investors have recently modified their holdings of TRI. Curio Wealth LLC increased its position in Thomson Reuters by 16,200.0% during the second quarter. Curio Wealth LLC now owns 163 shares of the business services provider’s stock worth $33,000 after acquiring an additional 162 shares during the period. Westside Investment Management Inc. acquired a new position in shares of Thomson Reuters during the 2nd quarter worth approximately $34,000. Ameritas Advisory Services LLC bought a new position in shares of Thomson Reuters during the second quarter worth approximately $37,000. AlphaCore Capital LLC acquired a new stake in shares of Thomson Reuters in the second quarter valued at approximately $39,000. Finally, Cullen Frost Bankers Inc. raised its position in shares of Thomson Reuters by 50.0% in the third quarter. Cullen Frost Bankers Inc. now owns 249 shares of the business services provider’s stock valued at $39,000 after buying an additional 83 shares in the last quarter. Institutional investors and hedge funds own 17.31% of the company’s stock.

About Thomson Reuters

Thomson Reuters (NYSE: TRI) is a multinational information and media company that provides content, technology and services to professionals in the legal, tax & accounting, compliance, risk, corporate and media sectors. Headquartered in Toronto, Canada, the company combines news and editorial content from the Reuters news agency with specialist workflow platforms and databases designed to support decision-making and regulatory compliance across industries worldwide.

The company’s product portfolio spans legal research and workflow tools, tax and accounting software, regulatory and risk management solutions, and real-time news and data services.