Thomson Reuters (NYSE:TRI) Price Target Raised to $177.00 at JPMorgan Chase & Co.

Thomson Reuters (NYSE:TRI) (TSE:TRI) had its target price increased by investment analysts at JPMorgan Chase & Co. from $175.00 to $177.00 in a report released on Friday,BayStreet.CA reports. The firm currently has a “neutral” rating on the business services provider’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 0.48% from the company’s previous close.

A number of other brokerages have also recently commented on TRI. Wells Fargo & Company upped their price target on Thomson Reuters from $165.00 to $177.00 and gave the stock an “equal weight” rating in a research report on Friday. Royal Bank of Canada raised their price target on Thomson Reuters from $171.00 to $173.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group lifted their price objective on shares of Thomson Reuters from $168.00 to $188.00 and gave the company a “neutral” rating in a report on Friday. Scotiabank lifted their target price on Thomson Reuters from $187.00 to $188.00 and gave the company a “sector outperform” rating in a research note on Friday. Finally, StockNews.com upgraded shares of Thomson Reuters from a “sell” rating to a “hold” rating in a research note on Wednesday, January 8th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $182.09.

Thomson Reuters Trading Down 0.4 %

Shares of NYSE TRI traded down $0.75 during midday trading on Friday, hitting $176.16. 186,976 shares of the company traded hands, compared to its average volume of 347,788. The firm has a market cap of $79.27 billion, a P/E ratio of 34.63, a P/E/G ratio of 5.31 and a beta of 0.73. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a 50-day moving average price of $163.98 and a 200 day moving average price of $165.41. Thomson Reuters has a 12-month low of $149.14 and a 12-month high of $178.35.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.04. Thomson Reuters had a net margin of 32.12% and a return on equity of 14.85%. As a group, analysts expect that Thomson Reuters will post 3.69 earnings per share for the current year.

Institutional Trading of Thomson Reuters

Several hedge funds have recently added to or reduced their stakes in the company. FMR LLC raised its holdings in Thomson Reuters by 0.8% during the third quarter. FMR LLC now owns 7,209,202 shares of the business services provider’s stock worth $1,229,716,000 after purchasing an additional 57,854 shares in the last quarter. Fiera Capital Corp increased its stake in shares of Thomson Reuters by 1.0% during the 3rd quarter. Fiera Capital Corp now owns 2,684,883 shares of the business services provider’s stock valued at $458,559,000 after acquiring an additional 27,714 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in Thomson Reuters by 11.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,577,905 shares of the business services provider’s stock valued at $439,665,000 after buying an additional 255,387 shares in the last quarter. CIBC Asset Management Inc raised its stake in shares of Thomson Reuters by 52.2% during the fourth quarter. CIBC Asset Management Inc now owns 1,153,240 shares of the business services provider’s stock valued at $185,011,000 after purchasing an additional 395,481 shares during the period. Finally, National Bank of Canada FI boosted its holdings in Thomson Reuters by 115.7% in the third quarter. National Bank of Canada FI now owns 963,315 shares of the business services provider’s stock valued at $164,292,000 after purchasing an additional 516,715 shares during the last quarter. Institutional investors and hedge funds own 17.31% of the company’s stock.

Thomson Reuters Company Profile

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.