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

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI had its target price hoisted by analysts at Wells Fargo & Company from $187.00 to $213.00 in a research 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 target price points to a potential upside of 8.55% from the stock's current price.

A number of other brokerages also recently commented on TRI. Royal Bank of Canada upped their target price on Thomson Reuters from $182.00 to $185.00 and gave the company a "sector perform" rating in a report on Friday, May 2nd. Barclays lifted their price target on shares of Thomson Reuters from $200.00 to $210.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Bank of America assumed coverage on shares of Thomson Reuters in a report on Thursday, April 10th. They issued a "neutral" rating and a $180.00 price objective on the stock. Scotiabank reiterated a "sector perform" rating and set a $188.00 price objective on shares of Thomson Reuters in a research note on Friday, May 2nd. Finally, TD Securities raised their price target on Thomson Reuters from $177.00 to $182.00 and gave the company a "sector perform" rating in a report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $187.30.

Thomson Reuters Price Performance

Shares of TRI stock traded up $1.03 during trading hours on Monday, reaching $196.23. The stock had a trading volume of 448,153 shares, compared to its average volume of 440,080. The firm has a market capitalization of $88.40 billion, a PE ratio of 40.13, a PEG ratio of 5.67 and a beta of 0.77. Thomson Reuters has a 12 month low of $150.01 and a 12 month high of $199.11. The stock's fifty day simple moving average is $186.98 and its 200 day simple moving average is $174.96. 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 (NYSE:TRI - Get Free Report) TSE: TRI last posted its quarterly earnings data on Thursday, May 1st. The business services provider reported $1.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.05 by $0.07. The firm had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.94 billion. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. The company's revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.11 EPS. On average, equities research analysts predict that Thomson Reuters will post 3.89 EPS for the current year.

Hedge Funds Weigh In On Thomson Reuters

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Curio Wealth LLC bought a new position in Thomson Reuters in the fourth quarter worth approximately $26,000. SBI Securities Co. Ltd. purchased a new position in Thomson Reuters in the fourth quarter valued at about $27,000. Cullen Frost Bankers Inc. raised its holdings in Thomson Reuters by 772.2% in the first quarter. Cullen Frost Bankers Inc. now owns 157 shares of the business services provider's stock worth $27,000 after purchasing an additional 139 shares in the last quarter. Investment Management Corp VA ADV purchased a new stake in shares of Thomson Reuters during the fourth quarter valued at about $29,000. Finally, Noble Wealth Management PBC acquired a new position in shares of Thomson Reuters during the fourth quarter worth $33,000. Institutional investors own 17.31% of the company's stock.

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.