Thomson Reuters Corp (NYSE:TRI) has been given a “BBB+” credit rating by Morningstar. The research firm’s “BBB+” rating suggests that the company is a moderate default risk. They also gave their stock a zero star rating.

A hedge fund recently raised its stake in Thomson Reuters Corp stock. Northcoast Asset Management increased its position in Thomson Reuters Corp (NYSE:TRI) by 25.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 189,281 shares of the company’s stock after buying an additional 38,931 shares during the period. Northcoast Asset Management’s holdings in Thomson Reuters Corp were worth $7,620,000 as of its most recent filing with the SEC.

Other equities analysts also recently issued research reports about the stock. Canaccord Genuity reissued a “buy” rating and issued a $45.00 price objective on shares of Thomson Reuters Corp in a research note on Monday, October 19th. Barclays upped their price target on Thomson Reuters Corp from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 17th. FBR & Co. downgraded Thomson Reuters Corp from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $43.00 to $42.00 in a research report on Monday, October 26th. Bank of America downgraded Thomson Reuters Corp from a “buy” rating to a “neutral” rating and set a $40.00 price target on the stock. in a research report on Thursday, January 7th. Finally, Nomura upped their price target on Thomson Reuters Corp from $42.00 to $43.00 and gave the stock a “neutral” rating in a research report on Thursday, December 3rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $42.00.

Thomson Reuters Corp (NYSE:TRI) opened at 36.51 on Monday. The company has a 50 day moving average price of $37.35 and a 200 day moving average price of $39.31. Thomson Reuters Corp has a 52-week low of $33.96 and a 52-week high of $42.64. The firm has a market capitalization of $28.03 billion and a P/E ratio of 14.51.

Thomson Reuters Corporation is a provider of intelligent information for businesses and professionals. The Company is organized into four business units: Financial & Risk, Legal, Tax & Accounting and Intellectual Property & Science. Financial & Risk business unit provides news, information and analytics, enabling transactions and bringing together financial communities. It also provides regulatory and operational risk management solutions. Legal business unit provides online and print information, decision tools, software and services that support legal, investigation, business and government professionals. Tax & Accounting business unit provides integrated tax compliance and accounting information, software and services for professionals in accounting firms, corporations, law firms and government. Intellectual Property & Science business unit provides intellectual property and scientific information, decision support tools and services.

12 Month Chart for NYSE:TRI

To view more credit ratings from Morningstar, visit www.jdoqocy.comclick-7674909-10651170.

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