In a report released today, Manav Patnaik from Barclays maintained a Buy rating on Thomson Reuters (TRI – Research Report), with a price target of $180.00. The company’s shares closed yesterday at $152.15.
Patnaik covers the Industrials sector, focusing on stocks such as WillScot Mobile Mini Holdings, Thomson Reuters, and Equifax. According to TipRanks, Patnaik has an average return of 11.8% and a 66.20% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Thomson Reuters with a $160.33 average price target.
Based on Thomson Reuters’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.55 billion and a net profit of $1.43 billion. In comparison, last year the company earned a revenue of $1.77 billion and had a GAAP net loss of $486 million
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Thomson Reuters (TRI) Company Description:
Thomson Reuters Corporation is a multinational media conglomerate which engages in providing news and business information services to professionals. It offers value-added information and technology to users in the fields of accounting, financial services, law, tax, corporate training and assessment, reference information, higher education, scientific research and healthcare.
Read More on TRI:
- Thomson Reuters price target raised to $152 from $146 at CIBC
- Thomson Reuters upgraded to Overweight at Barclays after investor day
- Thomson Reuters upgraded to Overweight from Equal Weight at Barclays
- Thomson Reuters price target raised to C$225 from C$210 at TD Securities
- Thomson Reuters to host investor day
