Thomson Reuters (NYSE:TRI) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Thomson Reuters (NYSE:TRI) (TSE:TRI) had its target price upped by analysts at The Goldman Sachs Group from $168.00 to $188.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the business services provider’s stock. The Goldman Sachs Group’s price objective indicates a potential upside of 6.49% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the company. CIBC increased their price target on Thomson Reuters from $164.00 to $165.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. Wells Fargo & Company boosted their price target on shares of Thomson Reuters from $165.00 to $177.00 and gave the stock an “equal weight” rating in a report on Friday. Royal Bank of Canada upped their target price on shares of Thomson Reuters from $171.00 to $173.00 and gave the company a “sector perform” rating in a report on Wednesday, November 6th. StockNews.com upgraded shares of Thomson Reuters from a “sell” rating to a “hold” rating in a research report on Wednesday, January 8th. Finally, Scotiabank increased their price target on shares of Thomson Reuters from $182.00 to $187.00 and gave the company a “sector outperform” rating in a report on Wednesday, November 6th. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $182.09.

Thomson Reuters Price Performance

Shares of Thomson Reuters stock traded down $0.36 during trading hours on Friday, hitting $176.54. The company’s stock had a trading volume of 202,602 shares, compared to its average volume of 348,201. The business has a 50 day moving average price of $163.98 and a two-hundred 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. The company has a market cap of $79.44 billion, a PE ratio of 34.74, a PEG 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.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Decker Retirement Planning Inc. acquired a new position in Thomson Reuters in the 4th quarter valued at $26,000. SBI Securities Co. Ltd. acquired a new position in Thomson Reuters in the 4th quarter worth about $27,000. Noble Wealth Management PBC acquired a new position in Thomson Reuters in the 4th quarter worth about $33,000. Asset Dedication LLC increased its holdings in Thomson Reuters by 125.0% in the 3rd quarter. Asset Dedication LLC now owns 234 shares of the business services provider’s stock worth $40,000 after purchasing an additional 130 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in Thomson Reuters in the 3rd quarter worth about $47,000. 17.31% of the stock is owned by institutional investors and hedge funds.

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.