Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $71.63 and last traded at $71.26, with a volume of 4836 shares changing hands. The stock had previously closed at $71.05.
Several analysts have issued reports on TRI shares. TD Securities lifted their price target on Thomson Reuters from $94.00 to $95.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Bank of America raised Thomson Reuters from a “neutral” rating to a “buy” rating in a research note on Monday, November 11th. Credit Suisse Group raised Thomson Reuters from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $70.00 to $80.00 in a research note on Monday, July 29th. BMO Capital Markets reissued a “hold” rating and issued a $95.00 price target on shares of Thomson Reuters in a research note on Friday, August 2nd. Finally, Canaccord Genuity downgraded Thomson Reuters from a “hold” rating to a “sell” rating in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $72.87.
The company has a debt-to-equity ratio of 0.38, a current ratio of 1.46 and a quick ratio of 1.46. The business has a 50-day moving average of $67.25 and a 200-day moving average of $66.50. The firm has a market cap of $35.20 billion, a price-to-earnings ratio of 95.27, a P/E/G ratio of 3.19 and a beta of 0.52.
A number of institutional investors have recently bought and sold shares of TRI. Beutel Goodman & Co Ltd. grew its holdings in Thomson Reuters by 100.0% during the second quarter. Beutel Goodman & Co Ltd. now owns 3,572,696 shares of the business services provider’s stock worth $220,932,000 after purchasing an additional 1,786,691 shares during the period. National Pension Service bought a new position in Thomson Reuters during the second quarter worth about $35,738,000. Man Group plc grew its holdings in Thomson Reuters by 115.2% during the second quarter. Man Group plc now owns 487,473 shares of the business services provider’s stock worth $31,453,000 after purchasing an additional 260,958 shares during the period. Alberta Investment Management Corp grew its holdings in Thomson Reuters by 43.9% during the third quarter. Alberta Investment Management Corp now owns 798,970 shares of the business services provider’s stock worth $53,436,000 after purchasing an additional 243,600 shares during the period. Finally, D. E. Shaw & Co. Inc. grew its holdings in Thomson Reuters by 169.7% during the second quarter. D. E. Shaw & Co. Inc. now owns 384,531 shares of the business services provider’s stock worth $24,810,000 after purchasing an additional 241,968 shares during the period. Institutional investors and hedge funds own 19.43% of the company’s stock.
Thomson Reuters Company Profile (NYSE:TRI)
Thomson Reuters Corporation provides news and information-based tools to professionals worldwide. It operates through five segments: Legal Professionals, Corporates, Tax 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.
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