Barclays Has Lowered Expectations for Thomson Reuters (NASDAQ:TRI) Stock Price

Thomson Reuters (NASDAQ:TRI) had its price target decreased by Barclays from $210.00 to $170.00 in a research note issued to investors on Friday, MarketBeat.com reports. The firm currently has an “overweight” rating on the stock. Barclays‘s target price would suggest a potential upside of 104.16% from the stock’s current price.

A number of other research analysts have also recently commented on TRI. BMO Capital Markets set a $165.00 target price on Thomson Reuters in a research note on Friday, February 6th. The Goldman Sachs Group set a $111.00 target price on Thomson Reuters and gave the company a “buy” rating in a research note on Saturday, February 7th. Scotiabank restated an “outperform” rating and issued a $156.00 target price (down from $189.00) on shares of Thomson Reuters in a research note on Friday, February 6th. UBS Group set a $131.50 target price on Thomson Reuters in a research note on Friday, February 6th. Finally, Wells Fargo & Company restated an “equal weight” rating and issued a $95.00 target price (down from $120.00) on shares of Thomson Reuters in a research note on Monday, March 23rd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $144.88.

Thomson Reuters Trading Down 1.9%

NASDAQ TRI opened at $83.27 on Friday. Thomson Reuters has a fifty-two week low of $79.71 and a fifty-two week high of $218.42. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a 50 day simple moving average of $92.98 and a two-hundred day simple moving average of $122.76. The stock has a market cap of $37.06 billion, a P/E ratio of 25.01, a price-to-earnings-growth ratio of 1.24 and a beta of 0.83.

Thomson Reuters (NASDAQ:TRI) last released its quarterly earnings data on Thursday, February 5th. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.01. Thomson Reuters had a return on equity of 14.51% and a net margin of 20.09%.The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.01 billion.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Empowered Funds LLC bought a new position in Thomson Reuters during the 4th quarter valued at approximately $30,000. Cullen Frost Bankers Inc. increased its position in Thomson Reuters by 50.0% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 249 shares of the company’s stock valued at $39,000 after buying an additional 83 shares in the last quarter. Timmons Wealth Management LLC bought a new position in Thomson Reuters during the 4th quarter valued at approximately $42,000. Montag A & Associates Inc. bought a new position in Thomson Reuters during the 4th quarter valued at approximately $43,000. Finally, Westside Investment Management Inc. increased its position in Thomson Reuters by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 338 shares of the company’s stock valued at $52,000 after buying an additional 169 shares in the last quarter. Institutional investors own 17.31% of the company’s stock.

About Thomson Reuters

Thomson Reuters is a global provider of information and technology solutions for professional markets, including financial services, legal, tax and accounting, and media industries. The company delivers a range of data, analytics and software tools designed to help customers make informed decisions, manage risk and stay compliant with evolving regulations. Its key offerings include the Eikon financial data platform, Westlaw legal research service, Checkpoint tax and accounting solution, and Reuters News, which supplies real‐time journalism to media organizations worldwide.

Formed in 2008 through the merger of Canada’s Thomson Corporation (founded in 1934) and the UK’s Reuters Group (established in 1851), Thomson Reuters has built on a legacy of journalistic integrity and information innovation.