TD Securities Has Lowered Expectations for Thomson Reuters (NYSE:TRI) Stock Price

Key Points

• TD Securities has lowered its price target for Thomson Reuters from $215.00 to $208.00, maintaining a "sector perform" rating, which suggests a potential upside of 14.81% from the current stock price.
• Other analysts have also adjusted their price targets, with Wells Fargo reducing their target to $187.00 while CIBC increased theirs to $201.00, leading to a consensus rating of "Hold" among research analysts.
• In the latest earnings report, Thomson Reuters reported an EPS of $0.87, surpassing estimates and showing a 2.6% increase in quarterly revenue compared to the previous year.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI had its price objective dropped by equities researchers at TD Securities from $215.00 to $208.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a "sector perform" rating on the business services provider's stock. TD Securities' target price indicates a potential upside of 14.81% from the company's current price.

A number of other research analysts have also recently commented on TRI. Wells Fargo & Company dropped their price target on Thomson Reuters from $213.00 to $187.00 and set an "equal weight" rating for the company in a research note on Thursday. CIBC increased their price objective on shares of Thomson Reuters from $174.00 to $201.00 and gave the stock an "outperformer" rating in a research report on Monday, July 21st. Scotiabank upgraded Thomson Reuters from a "sector perform" rating to a "sector outperform" rating and increased their price target for the stock from $188.00 to $200.00 in a report on Wednesday. Wall Street Zen downgraded Thomson Reuters from a "hold" rating to a "sell" rating in a report on Friday, May 2nd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Thomson Reuters from $177.00 to $178.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $193.50.

Thomson Reuters Trading Up 0.7%

Shares of NYSE TRI traded up $1.20 during midday trading on Thursday, hitting $181.17. The stock had a trading volume of 1,289,926 shares, compared to its average volume of 851,629. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. The firm has a market cap of $81.64 billion, a P/E ratio of 37.05, a price-to-earnings-growth ratio of 5.67 and a beta of 0.77. The company's 50-day simple moving average is $199.39 and its 200 day simple moving average is $184.67. Thomson Reuters has a fifty-two week low of $151.60 and a fifty-two week high of $218.42.

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 EPS 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 for the quarter, compared to analysts' expectations of $1.79 billion. During the same quarter in the previous year, the business posted $0.85 EPS. The business's quarterly revenue was up 2.6% compared to the same quarter last year. Research analysts anticipate that Thomson Reuters will post 3.89 EPS for the current year.

Institutional Investors Weigh In On Thomson Reuters

A number of hedge funds have recently made changes to their positions in TRI. Brighton Jones LLC bought a new position in Thomson Reuters in the fourth quarter worth about $448,000. Invesco Ltd. boosted its position in shares of Thomson Reuters by 5.6% in the 4th quarter. Invesco Ltd. now owns 144,229 shares of the business services provider's stock worth $23,131,000 after purchasing an additional 7,590 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Thomson Reuters by 16.4% in the fourth quarter. Renaissance Technologies LLC now owns 24,800 shares of the business services provider's stock worth $3,977,000 after acquiring an additional 3,500 shares in the last quarter. Scotia Capital Inc. increased its holdings in shares of Thomson Reuters by 11.3% during the fourth quarter. Scotia Capital Inc. now owns 244,499 shares of the business services provider's stock valued at $38,795,000 after acquiring an additional 24,842 shares in the last quarter. Finally, Barclays PLC grew its position in Thomson Reuters by 49.9% during the 4th quarter. Barclays PLC now owns 53,233 shares of the business services provider's stock valued at $8,536,000 after purchasing an additional 17,717 shares during the last quarter. 17.31% of the stock is currently 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.

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