Morgan Stanley Issues Pessimistic Forecast for Thomson Reuters (NYSE:TRI) Stock Price

Key Points

• Morgan Stanley has lowered its target price for Thomson Reuters from $197.00 to $187.00, while maintaining an "equal weight" rating for the stock, indicating a potential upside of 9.61% from its current price.
• In contrast, analysts from Scotiabank and TD Securities have raised their ratings and price targets for Thomson Reuters, with Scotiabank targeting $200.00 and TD Securities targeting $285.00.
• Thomson Reuters reported earnings per share of $0.87 for the last quarter, exceeding expectations, and had a revenue of $1.81 billion, indicating a 2.6% year-over-year increase.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI had its target price reduced by Morgan Stanley from $197.00 to $187.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an "equal weight" rating on the business services provider's stock. Morgan Stanley's price target would indicate a potential upside of 9.61% from the company's current price.

A number of other analysts have also weighed in on TRI. Scotiabank raised Thomson Reuters from a "sector perform" rating to a "sector outperform" rating and upped their price objective for the stock from $188.00 to $200.00 in a research report on Wednesday, August 6th. TD Securities raised Thomson Reuters from a "hold" rating to a "buy" rating and increased their price target for the stock from $275.00 to $285.00 in a research note on Thursday, August 28th. Royal Bank Of Canada decreased their price target on shares of Thomson Reuters from $215.00 to $208.00 and set a "sector perform" rating on the stock in a report on Thursday, August 7th. National Bankshares reiterated an "outperform" rating on shares of Thomson Reuters in a report on Thursday, July 10th. Finally, Wells Fargo & Company raised shares of Thomson Reuters from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $187.00 to $212.00 in a research report on Tuesday. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, Thomson Reuters presently has a consensus rating of "Moderate Buy" and a consensus target price of $202.82.

Thomson Reuters Trading Down 2.9%

Shares of NYSE TRI opened at $170.61 on Thursday. The business's 50 day moving average price is $188.89 and its 200-day moving average price is $185.46. The company has a market cap of $76.89 billion, a price-to-earnings ratio of 35.05, a PEG ratio of 5.67 and a beta of 0.74. Thomson Reuters has a fifty-two week low of $151.60 and a fifty-two week high of $218.42. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced its quarterly earnings results on Wednesday, August 6th. The business services provider reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.83 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 $1.81 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same quarter in the previous year, the business earned $0.85 EPS. Thomson Reuters's revenue for the quarter was up 2.6% compared to the same quarter last year. On average, sell-side analysts expect that Thomson Reuters will post 3.89 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Osaic Holdings Inc. increased its holdings in shares of Thomson Reuters by 148.5% during the 2nd quarter. Osaic Holdings Inc. now owns 21,944 shares of the business services provider's stock worth $4,236,000 after purchasing an additional 13,114 shares during the period. Orion Porfolio Solutions LLC boosted its position in Thomson Reuters by 4.3% in the second quarter. Orion Porfolio Solutions LLC now owns 25,315 shares of the business services provider's stock valued at $5,092,000 after buying an additional 1,051 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in shares of Thomson Reuters during the second quarter worth approximately $217,000. Hudson Bay Capital Management LP acquired a new position in shares of Thomson Reuters during the second quarter worth approximately $5,249,000. Finally, Public Sector Pension Investment Board lifted its position in shares of Thomson Reuters by 0.8% during the second quarter. Public Sector Pension Investment Board now owns 13,098 shares of the business services provider's stock worth $2,629,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 17.31% of the company's stock.

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.

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