Thomson Reuters (NYSE:TRI) PT Raised to $156.00 at CIBC

Thomson Reuters (NYSE:TRI) (TSE:TRI) had its price target lifted by CIBC from $152.00 to $156.00 in a note issued to investors on Friday, BayStreet.CA reports. The firm currently has a “neutral” rating on the business services provider’s stock. CIBC’s price target suggests a potential downside of 5.31% from the company’s previous close.

A number of other research firms also recently weighed in on TRI. National Bank Financial raised Thomson Reuters from an “underperform” rating to a “sector perform” rating in a report on Tuesday, April 23rd. Scotiabank lifted their price objective on Thomson Reuters from $142.00 to $159.00 and gave the company a “sector perform” rating in a report on Friday, February 9th. Royal Bank of Canada lifted their price objective on Thomson Reuters from $153.00 to $156.00 and gave the company a “sector perform” rating in a report on Tuesday, April 30th. TD Securities lifted their price objective on Thomson Reuters from $210.00 to $225.00 and gave the company a “hold” rating in a report on Wednesday, March 13th. Finally, Barclays raised Thomson Reuters from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $150.00 to $180.00 in a report on Thursday, March 14th. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $164.31.

Thomson Reuters Stock Up 1.1 %

TRI stock opened at $164.74 on Friday. Thomson Reuters has a twelve month low of $117.46 and a twelve month high of $166.11. The company has a market cap of $74.35 billion, a PE ratio of 31.38, a price-to-earnings-growth ratio of 4.24 and a beta of 0.65. The business’s 50-day simple moving average is $155.38 and its 200 day simple moving average is $146.37. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.26.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its earnings results on Thursday, May 2nd. The business services provider reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.17. Thomson Reuters had a return on equity of 15.43% and a net margin of 34.87%. The business had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the business earned $0.85 earnings per share. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. On average, research analysts anticipate that Thomson Reuters will post 3.58 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Trust Co. of Vermont bought a new position in Thomson Reuters in the 3rd quarter worth approximately $27,000. FinTrust Capital Advisors LLC bought a new position in Thomson Reuters in the 3rd quarter worth approximately $28,000. Pacifica Partners Inc. raised its position in shares of Thomson Reuters by 162.0% during the 4th quarter. Pacifica Partners Inc. now owns 241 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 149 shares during the last quarter. Operose Advisors LLC bought a new stake in shares of Thomson Reuters during the 3rd quarter valued at $37,000. Finally, Tennessee Valley Asset Management Partners bought a new stake in shares of Thomson Reuters during the 4th quarter valued at $37,000. 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.