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Canaccord Genuity Stick to Their Hold Rating for Thomson Reuters Corp

Published 08/06/2020, 07:10 AM
Updated 08/06/2020, 07:10 AM


Canaccord Genuity analyst Aravinda Galappatthige maintained a Hold rating on Thomson Reuters (NYSE:TRI) Corp on Wednesday, setting a price target of $71, which is approximately 0.13% above the present share price of $70.91.

Galappatthige expects Thomson Reuters Corp to post earnings per share (EPS) of $0.39 for the third quarter of 2020.

The current consensus among 5 TipRanks analysts is for a Moderate Buy rating of shares in Thomson Reuters, with an average price target of $76.
The analysts price targets range from a high of $84 to a low of $71.

In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $1.52 billion and a net profit of $267 million. The company's market cap is $35.48 billion.

According to TipRanks.com, Canaccord Genuity analyst Aravinda Galappatthige is currently ranked with 2 stars on a 0-5 stars ranking scale, with an average return of -0.1% and a 54.15% success rate.

Thomson Reuters Corp. engages in the provision of news and information for professional markets. It operates through the following segments: Legal Professionals, Corporates, Tax Professionals, Reuters News and Global Print. The Legal Professionals segment provides research and workflow products, focusing on intuitive legal research powered by emerging technologies and integrated legal workflow solutions that combine content, tools and analytics to government and law firms. The Corporates segment serves corporate customers, including the seven largest global accounting firms, with full suite of offerings across legal, tax, regulatory and compliance functions. The Tax Professionals segment offers research and workflow products, focusing on intuitive tax offerings and automating tax workflows to government taxing authorities. The Reuters News segment supplies real-time, multi-media news and information services to newspapers, television and cable networks, radio stations and websites around the globe, as well as to Refinitiv. The Global Print segment offers s legal and tax information primarily in print format to customers around the world. The company was founded in 1799 and is headquartered in Toronto, Canada.

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