Thomson Reuters (NYSE:TRI) Price Target Raised to $213.00

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI had its price objective increased by stock analysts at Wells Fargo & Company from $187.00 to $213.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an "equal weight" rating on the business services provider's stock. Wells Fargo & Company's price objective suggests a potential upside of 8.70% from the stock's previous close.

A number of other research analysts also recently commented on the company. Scotiabank reiterated a "sector perform" rating and issued a $188.00 price objective on shares of Thomson Reuters in a report on Friday, May 2nd. JPMorgan Chase & Co. upped their price target on Thomson Reuters from $177.00 to $178.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Barclays raised their price objective on shares of Thomson Reuters from $200.00 to $210.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Wall Street Zen cut shares of Thomson Reuters from a "hold" rating to a "sell" rating in a report on Friday, May 2nd. Finally, TD Securities increased their target price on shares of Thomson Reuters from $177.00 to $182.00 and gave the company a "sector perform" rating in a research report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $187.30.

Thomson Reuters Stock Down 0.0%

NYSE:TRI traded down $0.08 during mid-day trading on Monday, hitting $195.96. The stock had a trading volume of 581,480 shares, compared to its average volume of 440,613. Thomson Reuters has a twelve month low of $150.01 and a twelve month high of $199.11. The stock has a 50-day simple moving average of $188.71 and a two-hundred day simple moving average of $175.48. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $88.28 billion, a PE ratio of 40.07, a PEG ratio of 5.67 and a beta of 0.77.

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TRI. Brighton Jones LLC purchased a new stake in Thomson Reuters during the 4th quarter valued at approximately $448,000. Savant Capital LLC grew its stake in shares of Thomson Reuters by 7.9% in the 4th quarter. Savant Capital LLC now owns 2,733 shares of the business services provider's stock valued at $438,000 after purchasing an additional 199 shares during the last quarter. Sanctuary Advisors LLC increased its holdings in shares of Thomson Reuters by 8.5% in the fourth quarter. Sanctuary Advisors LLC now owns 4,913 shares of the business services provider's stock valued at $834,000 after purchasing an additional 383 shares during the period. CIBC Asset Management Inc raised its stake in shares of Thomson Reuters by 52.2% during the fourth quarter. CIBC Asset Management Inc now owns 1,153,240 shares of the business services provider's stock worth $185,011,000 after purchasing an additional 395,481 shares during the last quarter. Finally, Truist Financial Corp raised its stake in shares of Thomson Reuters by 5.6% during the fourth quarter. Truist Financial Corp now owns 9,496 shares of the business services provider's stock worth $1,523,000 after purchasing an additional 500 shares during the last quarter. 17.31% of the stock is currently owned by institutional investors and hedge funds.

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.