Thomson Reuters Corp (TRI) Upgraded to Buy by Deutsche Bank AG

Deutsche Bank AG upgraded shares of Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) from a hold rating to a buy rating in a research note released on Monday, Marketbeat Ratings reports. Deutsche Bank AG currently has $50.00 price target on the business services provider’s stock, up from their prior price target of $44.00.

Several other brokerages have also recently weighed in on TRI. Berenberg Bank started coverage on shares of Thomson Reuters Corp in a research note on Thursday, April 20th. They issued a sell rating and a $37.00 price objective on the stock. Royal Bank Of Canada reiterated a hold rating on shares of Thomson Reuters Corp in a research note on Wednesday, April 26th. Zacks Investment Research cut shares of Thomson Reuters Corp from a buy rating to a hold rating in a research note on Wednesday, May 3rd. Scotiabank increased their price objective on shares of Thomson Reuters Corp from $43.00 to $45.00 and gave the stock a sector perform rating in a research note on Monday, May 1st. Finally, Canaccord Genuity cut shares of Thomson Reuters Corp from a buy rating to a hold rating and set a $47.00 target price on the stock. in a research note on Monday, May 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $48.00.

Analyst Recommendations for Thomson Reuters Corp (NYSE:TRI)

Thomson Reuters Corp (TRI) traded down 0.75% on Monday, hitting $46.34. 236,526 shares of the company were exchanged. The stock has a market capitalization of $33.45 billion, a P/E ratio of 10.96 and a beta of 0.76. Thomson Reuters Corp has a 52 week low of $38.23 and a 52 week high of $46.77. The company has a 50 day moving average price of $44.14 and a 200-day moving average price of $43.94.

Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last posted its earnings results on Friday, April 28th. The business services provider reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.10. The business had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $2.80 billion. Thomson Reuters Corp had a net margin of 28.14% and a return on equity of 13.37%. The business’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.48 EPS. On average, equities analysts expect that Thomson Reuters Corp will post $2.36 earnings per share for the current fiscal year.

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The firm also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Thursday, May 18th were issued a $0.345 dividend. This represents a $1.38 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend was Tuesday, May 16th. Thomson Reuters Corp’s dividend payout ratio (DPR) is presently 32.47%.

Hedge funds have recently modified their holdings of the company. Community Financial Services Group LLC increased its stake in shares of Thomson Reuters Corp by 0.5% in the first quarter. Community Financial Services Group LLC now owns 42,076 shares of the business services provider’s stock worth $1,819,000 after buying an additional 220 shares in the last quarter. Creative Planning increased its stake in shares of Thomson Reuters Corp by 5.1% in the first quarter. Creative Planning now owns 5,743 shares of the business services provider’s stock worth $248,000 after buying an additional 279 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Thomson Reuters Corp by 9.8% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,776 shares of the business services provider’s stock worth $165,000 after buying an additional 337 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co increased its stake in shares of Thomson Reuters Corp by 6.6% in the first quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 5,528 shares of the business services provider’s stock worth $239,000 after buying an additional 343 shares in the last quarter. Finally, World Asset Management Inc increased its stake in shares of Thomson Reuters Corp by 0.8% in the first quarter. World Asset Management Inc now owns 52,492 shares of the business services provider’s stock worth $2,269,000 after buying an additional 405 shares in the last quarter. Institutional investors own 26.99% of the company’s stock.

Thomson Reuters Corp Company Profile

Thomson Reuters Corporation (Thomson Reuters) is a provider of news and information for professional markets. The Company is organized in three business units: Financial & Risk, Legal, and Tax & Accounting. The Financial & Risk segment is a provider of critical news, information and analytics, enabling transactions and connecting communities of trading, investment, financial and corporate professionals.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TRI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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