In a report released today, Aravinda Galappatthige from Canaccord Genuity reiterated a Buy rating on Thomson Reuters Corp (NYSE: TRI), with a price target of $50. The company’s shares opened today at $44.52.
Galappatthige has an average return of 10.6% when recommending Thomson Reuters Corp.
According to TipRanks.com, Galappatthige is ranked #2237 out of 4872 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Thomson Reuters Corp with a $46.50 average price target, implying a 4.4% upside from current levels. In a report issued on August 28, RBC Capital also reiterated a Buy rating on the stock with a $47 price target.
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Based on Thomson Reuters Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $625 million. In comparison, last year the company earned revenue of $2.78 billion and had a net profit of $186 million.
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Thomson Reuters Corp. engages in the provision of news and information for professional markets. It operates through the following business segments: Financial & Risk, Legal, and Tax & Accounting.
