Royal Bank Of Canada Has Lowered Expectations for Thomson Reuters (NYSE:TRI) Stock Price

Key Points

• The price target for Thomson Reuters has been reduced by the Royal Bank of Canada from $215.00 to $208.00, indicating a potential upside of 14.81% from the last closing price.
• Other analysts have differing ratings and target prices, with Scotiabank upgrading the stock to "sector outperform" and JPMorgan increasing their target to $178.00.
• Thomson Reuters reported quarterly earnings of $0.87 per share, surpassing expectations, with a revenue increase of 2.6% year-over-year to $1.81 billion.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI had its price target decreased by research analysts at Royal Bank Of Canada from $215.00 to $208.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a "sector perform" rating on the business services provider's stock. Royal Bank Of Canada's target price indicates a potential upside of 19.01% from the stock's current price.

TRI has been the subject of several other research reports. TD Securities reissued a "hold" rating on shares of Thomson Reuters in a research report on Tuesday, July 15th. Wall Street Zen downgraded shares of Thomson Reuters from a "hold" rating to a "sell" rating in a report on Friday, May 2nd. CIBC lifted their target price on shares of Thomson Reuters from $174.00 to $201.00 and gave the stock an "outperformer" rating in a report on Monday, July 21st. Bank of America started coverage on shares of Thomson Reuters in a report on Thursday, April 10th. They set a "neutral" rating and a $180.00 target price for the company. Finally, Scotiabank upgraded shares of Thomson Reuters from a "sector perform" rating to a "sector outperform" rating and lifted their price objective for the stock from $188.00 to $200.00 in a research note on Wednesday, August 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Thomson Reuters currently has a consensus rating of "Hold" and a consensus target price of $194.20.

Thomson Reuters Stock Down 2.9%

Shares of TRI stock traded down $5.19 on Thursday, hitting $174.77. The company's stock had a trading volume of 1,753,110 shares, compared to its average volume of 864,168. 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 $198.75 and its 200-day moving average price is $185.23. The stock has a market capitalization of $78.76 billion, a price-to-earnings ratio of 35.74, a P/E/G ratio of 5.67 and a beta of 0.77.

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

Institutional Trading of Thomson Reuters

Several institutional investors and hedge funds have recently made changes to their positions in TRI. PFG Investments LLC raised its stake in Thomson Reuters by 2.2% in the 2nd quarter. PFG Investments LLC now owns 2,660 shares of the business services provider's stock valued at $535,000 after purchasing an additional 57 shares during the last quarter. Dorsey & Whitney Trust CO LLC lifted its stake in Thomson Reuters by 4.6% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 1,414 shares of the business services provider's stock worth $284,000 after purchasing an additional 62 shares during the last quarter. Rhumbline Advisers lifted its stake in Thomson Reuters by 1.5% during the first quarter. Rhumbline Advisers now owns 4,456 shares of the business services provider's stock worth $770,000 after purchasing an additional 68 shares during the last quarter. SBI Securities Co. Ltd. increased its position in Thomson Reuters by 41.3% during the first quarter. SBI Securities Co. Ltd. now owns 236 shares of the business services provider's stock worth $41,000 after buying an additional 69 shares during the period. Finally, Signaturefd LLC increased its position in Thomson Reuters by 0.8% during the second quarter. Signaturefd LLC now owns 8,426 shares of the business services provider's stock worth $1,695,000 after buying an additional 70 shares during the period. 17.31% of the stock is currently owned by institutional investors.

Thomson Reuters Company Profile

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.