Thomson Reuters (NYSE:TRI) Given New $215.00 Price Target at Royal Bank Of Canada

Key Points

• Royal Bank of Canada has raised its price target for Thomson Reuters from $185.00 to $215.00, indicating a potential upside of 7.06% from the stock's previous close.
• The company reported $1.12 EPS for the last quarter, surpassing analysts' expectations, but its revenue of $1.90 billion fell short of the projected $1.94 billion.
• Currently, Thomson Reuters has an average rating of "Hold" among analysts, with a consensus price target of $193.00.

Thomson Reuters (NYSE:TRI - Free Report) TSE: TRI had its price target boosted by Royal Bank Of Canada from $185.00 to $215.00 in a research report released on Monday,BayStreet.CA reports. Royal Bank Of Canada currently has a sector perform rating on the business services provider's stock.

Several other research analysts have also commented on TRI. JPMorgan Chase & Co. raised their price objective on Thomson Reuters from $177.00 to $178.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Bank of America assumed coverage on Thomson Reuters in a research report on Thursday, April 10th. They set a "neutral" rating and a $180.00 target price on the stock. Wall Street Zen lowered Thomson Reuters from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. National Bankshares reaffirmed an "outperform" rating on shares of Thomson Reuters in a research report on Thursday, July 10th. Finally, Scotiabank reissued a "sector perform" rating and set a $188.00 price target on shares of Thomson Reuters in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $193.00.

Thomson Reuters Stock Up 0.0%

NYSE:TRI traded up $0.07 during mid-day trading on Monday, hitting $199.84. The company had a trading volume of 91,206 shares, compared to its average volume of 812,852. The business has a fifty day simple moving average of $199.19 and a 200-day simple moving average of $183.28. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15. Thomson Reuters has a 1 year low of $150.01 and a 1 year high of $218.42. The firm has a market capitalization of $90.04 billion, a price-to-earnings ratio of 40.85, a PEG ratio of 5.67 and a beta of 0.76.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last released its quarterly earnings data on Thursday, May 1st. The business services provider reported $1.12 EPS for the quarter, beating the consensus estimate of $1.05 by $0.07. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the company posted $1.11 earnings per share. The firm's revenue was up .8% compared to the same quarter last year. Equities analysts forecast that Thomson Reuters will post 3.89 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TRI. Cullen Frost Bankers Inc. boosted its position in Thomson Reuters by 772.2% during the 1st quarter. Cullen Frost Bankers Inc. now owns 157 shares of the business services provider's stock valued at $27,000 after purchasing an additional 139 shares during the period. Investment Management Corp VA ADV bought a new stake in shares of Thomson Reuters during the fourth quarter valued at approximately $29,000. Ameritas Advisory Services LLC bought a new stake in shares of Thomson Reuters during the second quarter valued at approximately $37,000. SBI Securities Co. Ltd. raised its holdings in shares of Thomson Reuters by 41.3% during the first quarter. SBI Securities Co. Ltd. now owns 236 shares of the business services provider's stock valued at $41,000 after buying an additional 69 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of Thomson Reuters by 25.7% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 411 shares of the business services provider's stock valued at $71,000 after buying an additional 84 shares during the last quarter. Institutional investors and hedge funds own 17.31% of the company's stock.

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.