Thomson Reuters (TSE: TRI) (NSYE: TRI) received an upgraded rating from Zacks Investment Research on Thursday. The rating was upgraded to “buy” from “hold”. Presently, the firm’s target price is $110 according to Zacks. The objective price indicates a possible 13.29% upside from the current price of the stock.
Detailed Commentary On TRI Stock
Several research analysts have also covered the TRI stock recently. BMO Capital Markets upped its price target to $127 from $116 while issuing a rating of “outperform” on 24th February, Wednesday. TD Securities upped its price target to $130 from $125 while issuing a rating of “buy” on 5th May, Wednesday. CIBC upped its price target to $102 from $95 while issuing a rating of “neutral” on 10th May, Monday. Scotiabank upped its target price to $128 from $122 while issuing a rating of “outperform” on 5th May, Wednesday. Royal Bank of Canada upped its target price to $100 from $98 while issuing a rating of “outperform” on 3rd May, Monday.
On Thursday, TRI shares opened with a value of $97.89. The highest and lowest value over a period of fifty-two weeks stands at $99.42 and $66.03 respectively. The market capitalization value stands at $48.52Bn with a 0.45 beta. The moving average over a period of 50 days stands at $94.97. The quick and current ratios stand at 1.31 and 1.31 respectively.
The latest data of the quarterly earnings of TRI was published on 4th May, Tuesday. An EPS of $0.58 was reported beating the consensus $0.42 estimate forecast. It also had a 98.69% net margin and an 8.89% equity return. The revenue reported stood at $1.58Bn. In the same quarter last year, a $0.48 EPS was reported.
Fiera Capital Corp, TD Asset Management Inc., TPG Group Holdings SBS Advisors Inc., Mackenzie Financial Corp, and FIL Ltd all boosted their holdings of TRI shares.