Thomson Reuters (NYSE:TRI) Stock Rating Reaffirmed by 51job

Posted by on May 5th, 2023

Thomson Reuters (NYSE:TRI – Get Rating) (TSE:TRI)‘s stock had its “downgrade” rating reaffirmed by research analysts at 51job in a research report issued on Wednesday, Benzinga reports.

TRI has been the subject of a number of other reports. Scotiabank downgraded Thomson Reuters from an “outperform” rating to a “sector perform” rating in a research report on Wednesday. TD Securities downgraded Thomson Reuters from a “buy” rating to a “hold” rating in a research report on Thursday, February 16th. StockNews.com upgraded Thomson Reuters from a “sell” rating to a “hold” rating in a report on Saturday, March 18th. Credit Suisse Group lifted their price objective on Thomson Reuters from $138.00 to $150.00 and gave the company an “outperform” rating in a report on Tuesday, April 4th. Finally, BMO Capital Markets lifted their target price on Thomson Reuters from $161.00 to $182.00 and gave the company an “outperform” rating in a research note on Tuesday, February 14th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Thomson Reuters has a consensus rating of “Hold” and an average target price of $139.73.

Thomson Reuters Stock Performance

Shares of TRI stock opened at $119.11 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.57 and a current ratio of 0.57. The company has a market capitalization of $56.08 billion, a price-to-earnings ratio of 49.42, a price-to-earnings-growth ratio of 3.35 and a beta of 0.58. The company’s 50-day moving average is $126.92 and its 200 day moving average is $118.56. Thomson Reuters has a one year low of $91.55 and a one year high of $133.55.

Thomson Reuters (NYSE:TRI – Get Rating) (TSE:TRI) last issued its quarterly earnings data on Tuesday, May 2nd. The business services provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.04. Thomson Reuters had a net margin of 21.16% and a return on equity of 9.58%. The firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter in the prior year, the business earned $0.66 EPS. The business’s quarterly revenue was up 3.8% on a year-over-year basis. Sell-side analysts expect that Thomson Reuters will post 3.32 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Summit Global Investments lifted its position in shares of Thomson Reuters by 8.9% in the first quarter. Summit Global Investments now owns 37,259 shares of the business services provider’s stock valued at $4,848,000 after acquiring an additional 3,046 shares in the last quarter. EFG Asset Management Americas Corp. boosted its holdings in Thomson Reuters by 1.1% in the first quarter. EFG Asset Management Americas Corp. now owns 16,371 shares of the business services provider’s stock valued at $2,130,000 after purchasing an additional 182 shares during the last quarter. TrinityPoint Wealth LLC purchased a new position in Thomson Reuters in the first quarter valued at about $204,000. Los Angeles Capital Management LLC boosted its holdings in Thomson Reuters by 687.7% in the first quarter. Los Angeles Capital Management LLC now owns 318,484 shares of the business services provider’s stock valued at $41,380,000 after purchasing an additional 278,050 shares during the last quarter. Finally, Achmea Investment Management B.V. boosted its holdings in Thomson Reuters by 173.0% in the first quarter. Achmea Investment Management B.V. now owns 43,845 shares of the business services provider’s stock valued at $5,696,000 after purchasing an additional 27,783 shares during the last quarter. Institutional investors and hedge funds own 20.84% of the company’s stock.

Thomson Reuters Company Profile

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Thomson Reuters Corp. engages in the provision of news and information for professional markets. It operates through the following segments: Legal Professionals, Corporates, Tax and Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment provides research and workflow products to law firms and government.

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