Thomson Reuters (NASDAQ:TRI) Coverage Initiated by Analysts at Jefferies Financial Group

Stock analysts at Jefferies Financial Group initiated coverage on shares of Thomson Reuters (NASDAQ:TRI) in a research note issued on Tuesday, Marketbeat.com reports. The brokerage set a “buy” rating and a $130.00 price target on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 20.11% from the company’s current price.

Other analysts have also issued research reports about the stock. Morgan Stanley set a $110.00 price objective on shares of Thomson Reuters and gave the stock an “equal weight” rating in a research report on Tuesday, October 13th. Barclays dropped their target price on shares of Thomson Reuters from $140.00 to $130.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 8th. Royal Bank Of Canada increased their target price on shares of Thomson Reuters from $121.00 to $124.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Scotia decreased their price target on shares of Thomson Reuters from $138.00 to $135.00 and set a “sector outperform” rating for the company in a research note on Thursday, August 6th. Finally, Scotiabank restated a “sector outperform” rating and set a $135.00 price target on shares of Thomson Reuters in a research note on Thursday, August 6th. Eleven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Thomson Reuters currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.90.

Thomson Reuters Trading Down 0.7%

NASDAQ TRI opened at $108.23 on Tuesday. The stock has a market capitalization of $46.89 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 2.09 and a beta of 0.75. Thomson Reuters has a one year low of $76.28 and a one year high of $164.30. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.51 and a quick ratio of 0.51. The business’s fifty day moving average is $102.22 and its 200-day moving average is $93.98.

Thomson Reuters (NASDAQ:TRI) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.03. The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.89 billion. Thomson Reuters had a net margin of 21.22% and a return on equity of 15.82%. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.87 EPS. Equities research analysts predict that Thomson Reuters will post 4.48 EPS for the current year.

Institutional Investors Weigh In On Thomson Reuters

Several large investors have recently added to or reduced their stakes in TRI. Canada Pension Plan Investment Board bought a new stake in Thomson Reuters in the 2nd quarter valued at about $107,223,000. Bank of America Corp DE purchased a new stake in Thomson Reuters during the second quarter valued at about $104,104,000. The Manufacturers Life Insurance Company purchased a new stake in Thomson Reuters during the second quarter valued at about $102,215,000. Cibc World Market Inc. bought a new position in Thomson Reuters during the second quarter worth about $100,711,000. Finally, BlackRock Inc. bought a new position in Thomson Reuters during the second quarter worth about $91,548,000. Hedge funds and other institutional investors own 17.31% of the company’s stock.

About Thomson Reuters

Thomson Reuters is a global provider of information, software and technology solutions for professionals and institutions. The company serves customers in the legal, tax, accounting, audit, corporate, government, risk and compliance sectors, as well as the media industry. Its offerings combine authoritative content with workflow tools, data analytics and artificial intelligence.

Key products and services include Westlaw and Practical Law for legal research and practice management; Checkpoint and ONESOURCE for tax and accounting professionals; Confirmation for audit-related workflows; and CoCounsel, an AI-assisted legal technology platform.