Thomson Reuters (NYSE:TRI) Rating Lowered to Sell at StockNews.com

Thomson Reuters (NYSE:TRI) (TSE:TRI) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

Several other brokerages also recently weighed in on TRI. JPMorgan Chase & Co. upped their price objective on Thomson Reuters from $163.00 to $164.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Royal Bank of Canada increased their target price on shares of Thomson Reuters from $171.00 to $173.00 and gave the stock a “sector perform” rating in a report on Wednesday. National Bank Financial raised shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating in a report on Monday, September 9th. Finally, Scotiabank boosted their target price on shares of Thomson Reuters from $182.00 to $187.00 and gave the stock a “sector outperform” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $176.33.

Thomson Reuters Price Performance

Shares of NYSE TRI opened at $168.45 on Wednesday. The firm has a market cap of $75.78 billion, a P/E ratio of 32.30, a price-to-earnings-growth ratio of 5.55 and a beta of 0.73. The business’s 50 day moving average is $168.71 and its 200-day moving average is $166.61. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.16. Thomson Reuters has a 1-year low of $127.68 and a 1-year high of $176.03.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its earnings results on Tuesday, November 5th. The business services provider reported $0.80 EPS for the quarter, topping the consensus estimate of $0.77 by $0.03. The company had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Thomson Reuters had a net margin of 33.65% and a return on equity of 15.22%. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period last year, the firm earned $0.82 earnings per share. Equities research analysts predict that Thomson Reuters will post 3.71 earnings per share for the current year.

Institutional Trading of Thomson Reuters

A number of large investors have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC increased its position in shares of Thomson Reuters by 23.8% during the first quarter. Janus Henderson Group PLC now owns 16,770 shares of the business services provider’s stock valued at $2,612,000 after buying an additional 3,223 shares during the period. Bessemer Group Inc. increased its holdings in shares of Thomson Reuters by 874.0% in the first quarter. Bessemer Group Inc. now owns 130,744 shares of the business services provider’s stock worth $20,351,000 after purchasing an additional 117,320 shares during the period. &PARTNERS purchased a new stake in shares of Thomson Reuters in the second quarter worth $278,000. Quantbot Technologies LP bought a new stake in Thomson Reuters during the first quarter valued at $610,000. Finally, Forsta AP Fonden increased its stake in Thomson Reuters by 151.2% in the 1st quarter. Forsta AP Fonden now owns 78,588 shares of the business services provider’s stock worth $12,242,000 after acquiring an additional 47,300 shares during the last quarter. Hedge funds and other institutional investors own 17.31% of the company’s stock.

About Thomson Reuters

Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.