Thomson Reuters Co. (NYSE:TRI) Given Consensus Rating of “Hold” by Analysts

Shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) have been given a consensus recommendation of “Hold” by the ten analysts that are currently covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $175.56.

A number of research analysts recently weighed in on TRI shares. National Bank Financial raised Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research note on Monday, September 9th. Royal Bank of Canada lifted their price objective on Thomson Reuters from $168.00 to $171.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 23rd. Scotiabank raised Thomson Reuters from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the company from $164.00 to $182.00 in a research note on Tuesday, August 27th. Finally, JPMorgan Chase & Co. upped their target price on Thomson Reuters from $163.00 to $164.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in TRI. Rothschild Investment LLC purchased a new stake in Thomson Reuters in the second quarter worth about $25,000. EverSource Wealth Advisors LLC grew its position in Thomson Reuters by 76.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 184 shares of the business services provider’s stock worth $28,000 after purchasing an additional 80 shares during the period. Asset Dedication LLC grew its position in shares of Thomson Reuters by 125.0% during the 3rd quarter. Asset Dedication LLC now owns 234 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 130 shares during the period. Clean Yield Group bought a new stake in shares of Thomson Reuters during the 3rd quarter valued at $42,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Thomson Reuters during the 3rd quarter valued at $47,000. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Trading Up 0.1 %

NYSE TRI opened at $165.02 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.88 and a quick ratio of 0.88. Thomson Reuters has a 12 month low of $127.15 and a 12 month high of $176.03. The company has a market cap of $74.24 billion, a P/E ratio of 31.67, a P/E/G ratio of 5.51 and a beta of 0.73. The company has a 50-day moving average of $168.79 and a 200-day moving average of $166.46.

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.