Thomson Reuters (NASDAQ:TRI) Price Target Lowered to $130.00 at Barclays

Thomson Reuters (NASDAQ:TRI) had its price objective lowered by analysts at Barclays from $140.00 to $130.00 in a report issued on Tuesday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s target price indicates a potential upside of 27.67% from the stock’s previous close.

A number of other analysts also recently issued reports on TRI. Weiss Ratings raised shares of Thomson Reuters from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, August 24th. Scotiabank reiterated a “sector outperform” rating and issued a $135.00 price target on shares of Thomson Reuters in a research report on Thursday, August 6th. Canaccord Genuity Group cut their price target on Thomson Reuters from $134.00 to $132.50 and set a “buy” rating for the company in a research note on Thursday, August 6th. TD Securities reissued a “buy” rating on shares of Thomson Reuters in a research report on Thursday, August 6th. Finally, Bank of America lowered their price objective on Thomson Reuters from $115.00 to $98.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $131.57.

Thomson Reuters Stock Performance

TRI stock traded down $3.85 during trading hours on Tuesday, hitting $101.83. 126,285 shares of the stock were exchanged, compared to its average volume of 2,264,136. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $44.36 billion, a P/E ratio of 27.11, a P/E/G ratio of 2.04 and a beta of 0.74. The company has a 50-day simple moving average of $98.79 and a two-hundred day simple moving average of $93.26. Thomson Reuters has a 12 month low of $76.28 and a 12 month high of $176.31.

Thomson Reuters (NASDAQ:TRI) last announced its earnings results on Wednesday, August 5th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.03. Thomson Reuters had a net margin of 21.22% and a return on equity of 15.82%. The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the previous year, the business posted $0.87 earnings per share. Thomson Reuters’s quarterly revenue was up 9.5% on a year-over-year basis. On average, analysts forecast that Thomson Reuters will post 4.45 earnings per share for the current fiscal year.

Institutional Trading of Thomson Reuters

A number of institutional investors and hedge funds have recently made changes to their positions in the company. TD Asset Management Inc raised its position in Thomson Reuters by 0.7% during the fourth quarter. TD Asset Management Inc now owns 4,664,372 shares of the company’s stock valued at $616,342,000 after purchasing an additional 33,418 shares in the last quarter. TLT Family Holdco ULC acquired a new stake in shares of Thomson Reuters in the 2nd quarter valued at $865,442,000. SEG Family Corp. bought a new position in shares of Thomson Reuters in the 2nd quarter valued at $659,930,000. Morgan Stanley increased its stake in shares of Thomson Reuters by 31.2% in the 4th quarter. Morgan Stanley now owns 2,802,312 shares of the company’s stock valued at $369,597,000 after purchasing an additional 665,743 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Thomson Reuters by 9.9% during the 4th quarter. Invesco Ltd. now owns 2,476,965 shares of the company’s stock worth $326,687,000 after buying an additional 223,722 shares in the last quarter. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Company Profile

Thomson Reuters is a global provider of information and technology solutions for professional markets, including financial services, legal, tax and accounting, and media industries. The company delivers a range of data, analytics and software tools designed to help customers make informed decisions, manage risk and stay compliant with evolving regulations. Its key offerings include the Eikon financial data platform, Westlaw legal research service, Checkpoint tax and accounting solution, and Reuters News, which supplies real‐time journalism to media organizations worldwide.

Formed in 2008 through the merger of Canada’s Thomson Corporation (founded in 1934) and the UK’s Reuters Group (established in 1851), Thomson Reuters has built on a legacy of journalistic integrity and information innovation.