J.P. Morgan Sticks to Their Hold Rating for Thomson Reuters (TRI)

In a report released today, Andrew Steinerman from J.P. Morgan maintained a Hold rating on Thomson Reuters (TRIResearch Report), with a price target of $117.00. The company’s shares closed last Thursday at $115.55.

According to, Steinerman is a 4-star analyst with an average return of 10.4% and a 65.7% success rate. Steinerman covers the Services sector, focusing on stocks such as Resources Connection, ARAMARK Holdings, and First Advantage.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Thomson Reuters with a $119.96 average price target.

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Based on Thomson Reuters’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.67 billion and net profit of $1.01 billion. In comparison, last year the company earned revenue of $1.58 billion and had a net profit of $5.04 billion.

Based on the recent corporate insider activity of 105 insiders, corporate insider sentiment is neutral on the stock.

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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.

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