Morgan Stanley Lowers Thomson Reuters (NYSE:TRI) Price Target to $130.00

Posted by on Nov 4th, 2023

Thomson Reuters (NYSE:TRI – Get Free Report) (TSE:TRI) had its target price lowered by equities researchers at Morgan Stanley from $135.00 to $130.00 in a report released on Thursday, Benzinga reports. The brokerage presently has an “equal weight” rating on the business services provider’s stock. Morgan Stanley’s price objective points to a potential upside of 2.00% from the stock’s current price.

Several other research firms also recently weighed in on TRI. Canaccord Genuity Group upped their price target on Thomson Reuters from $131.00 to $135.00 and gave the stock a “hold” rating in a research note on Thursday, August 3rd. BMO Capital Markets upped their price objective on Thomson Reuters from $192.00 to $201.00 and gave the company an “outperform” rating in a research report on Friday. Barclays upped their price objective on Thomson Reuters from $125.00 to $135.00 and gave the company an “equal weight” rating in a research report on Thursday, August 3rd. CIBC cut Thomson Reuters from an “outperform” rating to a “neutral” rating and set a $140.00 price objective on the stock. in a research report on Thursday, August 3rd. They noted that the move was a valuation call. Finally, TD Securities upped their price objective on Thomson Reuters from $185.00 to $190.00 and gave the company a “hold” rating in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Thomson Reuters has a consensus rating of “Hold” and a consensus price target of $147.85.

Check Out Our Latest Stock Report on Thomson Reuters

Thomson Reuters Stock Up 0.4 %

TRI stock opened at $127.45 on Thursday. Thomson Reuters has a fifty-two week low of $104.14 and a fifty-two week high of $138.85. The business’s 50 day moving average price is $125.57 and its two-hundred day moving average price is $127.84. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market capitalization of $58.04 billion, a price-to-earnings ratio of 25.69, a price-to-earnings-growth ratio of 3.10 and a beta of 0.61.

Thomson Reuters (NYSE:TRI – Get Free Report) (TSE:TRI) last posted its quarterly earnings results on Wednesday, November 1st. The business services provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.14. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.61 billion. Thomson Reuters had a return on equity of 12.86% and a net margin of 34.09%. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.59 EPS. As a group, analysts forecast that Thomson Reuters will post 3.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Thomson Reuters

Institutional investors have recently bought and sold shares of the stock. Larson Financial Group LLC increased its stake in Thomson Reuters by 3.5% in the 3rd quarter. Larson Financial Group LLC now owns 16,152 shares of the business services provider’s stock worth $1,976,000 after buying an additional 541 shares in the last quarter. Advisor OS LLC increased its stake in Thomson Reuters by 5.2% in the 3rd quarter. Advisor OS LLC now owns 1,730 shares of the business services provider’s stock worth $212,000 after buying an additional 86 shares in the last quarter. Principal Financial Group Inc. increased its stake in Thomson Reuters by 1.4% in the 3rd quarter. Principal Financial Group Inc. now owns 35,053 shares of the business services provider’s stock worth $4,308,000 after buying an additional 500 shares in the last quarter. Beck Bode LLC purchased a new stake in Thomson Reuters in the 3rd quarter worth $2,241,000. Finally, 180 Wealth Advisors LLC increased its stake in Thomson Reuters by 5.7% in the 3rd quarter. 180 Wealth Advisors LLC now owns 2,055 shares of the business services provider’s stock worth $251,000 after buying an additional 110 shares in the last quarter. 17.31% of the stock is owned by institutional investors.

About Thomson Reuters

(Get Free Report)

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.

Read More

Analyst Recommendations for Thomson Reuters (NYSE:TRI)

Receive News & Ratings for Thomson Reuters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thomson Reuters and related companies with MarketBeat.com's FREE daily email newsletter.