Morgan Stanley Lowers Thomson Reuters (NYSE:TRI) Price Target to $187.00

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 equities researchers at Morgan Stanley from $197.00 to $187.00 in a research note issued on Thursday, MarketBeat Ratings reports. The firm currently has an "equal weight" rating on the business services provider's stock. Morgan Stanley's price target suggests a potential upside of 9.74% from the stock's previous close.

A number of other research analysts have also weighed in on the stock. CIBC raised shares of Thomson Reuters from a "neutral" rating to an "outperform" rating in a research report on Tuesday, August 19th. Scotiabank raised shares of Thomson Reuters from a "sector perform" rating to a "sector outperform" rating and boosted their target price for the stock from $188.00 to $200.00 in a research report on Wednesday, August 6th. TD Securities raised shares of Thomson Reuters from a "hold" rating to a "buy" rating and boosted their target price for the stock from $275.00 to $285.00 in a research report on Thursday, August 28th. Royal Bank Of Canada cut their target price on shares of Thomson Reuters from $215.00 to $208.00 and set a "sector perform" rating for the company in a research report on Thursday, August 7th. Finally, Wells Fargo & Company raised shares of Thomson Reuters from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $187.00 to $212.00 in a research report on Tuesday, September 9th. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Thomson Reuters presently has a consensus rating of "Moderate Buy" and a consensus target price of $202.82.

Thomson Reuters Stock Down 0.5%

Shares of TRI stock traded down $0.81 on Thursday, hitting $170.41. The company's stock had a trading volume of 577,553 shares, compared to its average volume of 894,035. The stock has a market capitalization of $76.80 billion, a price-to-earnings ratio of 34.85, a P/E/G ratio of 5.67 and a beta of 0.74. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. Thomson Reuters has a fifty-two week low of $151.60 and a fifty-two week high of $218.42. The firm's fifty day moving average price is $187.21 and its 200-day moving average price is $185.47.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last released its earnings results on Wednesday, August 6th. The business services provider reported $0.87 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.04. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.79 billion. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The business's revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.85 EPS. Research analysts anticipate that Thomson Reuters will post 3.89 EPS for the current year.

Institutional Trading of Thomson Reuters

Several large investors have recently added to or reduced their stakes in the company. Osaic Holdings Inc. grew its stake in Thomson Reuters by 148.5% during the second quarter. Osaic Holdings Inc. now owns 21,944 shares of the business services provider's stock worth $4,236,000 after buying an additional 13,114 shares during the last quarter. Orion Porfolio Solutions LLC grew its stake in shares of Thomson Reuters by 4.3% during 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 purchasing an additional 1,051 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of Thomson Reuters during the second quarter valued at approximately $217,000. Hudson Bay Capital Management LP bought a new stake in shares of Thomson Reuters during the second quarter valued at approximately $5,249,000. Finally, Public Sector Pension Investment Board grew its stake 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 valued at $2,629,000 after purchasing an additional 100 shares during the last quarter. 17.31% of the stock is owned by institutional investors.

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.