Royal Bank of Canada Increases Thomson Reuters (NYSE:TRI) Price Target to $156.00

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI had its price target boosted by analysts at Royal Bank of Canada from $153.00 to $156.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. The firm currently has a "sector perform" rating on the business services provider's stock. Royal Bank of Canada's price objective points to a potential upside of 3.29% from the company's current price.

Several other analysts have also recently issued reports on TRI. TD Securities upped their price objective on Thomson Reuters from $210.00 to $225.00 and gave the company a "hold" rating in a research note on Wednesday, March 13th. Scotiabank upped their target price on Thomson Reuters from $142.00 to $159.00 and gave the company a "sector perform" rating in a report on Friday, February 9th. Barclays raised Thomson Reuters from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $150.00 to $180.00 in a report on Thursday, March 14th. National Bank Financial raised Thomson Reuters from an "underperform" rating to a "sector perform" rating in a report on Tuesday, April 23rd. Finally, CIBC upped their target price on Thomson Reuters from $146.00 to $152.00 and gave the company a "neutral" rating in a report on Thursday, March 14th. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Thomson Reuters presently has an average rating of "Hold" and a consensus price target of $157.67.

Thomson Reuters Stock Down 1.7 %

Shares of NYSE:TRI traded down $2.58 during trading on Tuesday, hitting $151.03. The company's stock had a trading volume of 426,997 shares, compared to its average volume of 305,995. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.90 and a current ratio of 0.90. Thomson Reuters has a fifty-two week low of $117.46 and a fifty-two week high of $161.57. The stock's 50-day moving average price is $155.39 and its two-hundred day moving average price is $145.78. The company has a market capitalization of $68.18 billion, a PE ratio of 26.08, a PEG ratio of 4.02 and a beta of 0.65.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.06. Thomson Reuters had a return on equity of 14.01% and a net margin of 39.67%. The firm had revenue of $1.82 billion for the quarter, compared to analysts' expectations of $1.82 billion. During the same quarter in the prior year, the firm posted $0.76 earnings per share. Thomson Reuters's revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, sell-side analysts expect that Thomson Reuters will post 3.58 EPS for the current year.

Hedge Funds Weigh In On Thomson Reuters

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TRI. Commonwealth Equity Services LLC boosted its stake in Thomson Reuters by 1.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 7,331 shares of the business services provider's stock valued at $897,000 after purchasing an additional 93 shares in the last quarter. Hexagon Capital Partners LLC boosted its stake in Thomson Reuters by 37.7% during the 3rd quarter. Hexagon Capital Partners LLC now owns 438 shares of the business services provider's stock valued at $54,000 after purchasing an additional 120 shares in the last quarter. FinTrust Capital Advisors LLC bought a new position in Thomson Reuters during the 3rd quarter valued at $28,000. Aspire Capital Advisors LLC bought a new position in Thomson Reuters during the 3rd quarter valued at $235,000. Finally, Strategic Investment Advisors MI boosted its stake in Thomson Reuters by 13.0% during the 3rd quarter. Strategic Investment Advisors MI now owns 2,258 shares of the business services provider's stock valued at $276,000 after purchasing an additional 260 shares in 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.