Morgan Stanley Reaffirms Their Hold Rating on Thomson Reuters (TRI)

In a report released on February 6, Toni Kaplan from Morgan Stanley maintained a Hold rating on Thomson Reuters, with a price target of $116.00. The company’s shares closed last Friday at C$120.18.

Valentine's Day Sale - 70% Off

• Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
• Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential

Kaplan covers the Industrials sector, focusing on stocks such as Equifax, Thomson Reuters, and ARAMARK Holdings. According to TipRanks, Kaplan has an average return of 1.0% and a 53.67% success rate on recommended stocks.

In addition to Morgan Stanley, Thomson Reuters also received a Hold from TipRanks – OpenAI’s OpenAI Specialty Business Services in a report issued on February 7. However, on the same day, TipRanks – PerPlexity reiterated a Buy rating on Thomson Reuters (NASDAQ: TRI).

Based on Thomson Reuters’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$2.04 billion and a net profit of C$337.1 million. In comparison, last year the company earned a revenue of C$1.91 billion and had a net profit of C$587 million

Based on the recent corporate insider activity of 148 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TRI in relation to earlier this year.