Thomson Reuters (NYSE:TRI) Stock Rating Lowered by StockNews.com

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

Several other equities analysts also recently issued reports on the stock. National Bank Financial raised shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research note on Monday, September 9th. Scotiabank lifted their target price on shares of Thomson Reuters from $182.00 to $187.00 and gave the company a “sector outperform” rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. upped their price target on Thomson Reuters from $163.00 to $164.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Finally, Royal Bank of Canada boosted their price target on Thomson Reuters from $171.00 to $173.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Thomson Reuters currently has an average rating of “Hold” and a consensus target price of $176.33.

Thomson Reuters Stock Down 0.4 %

Shares of NYSE TRI opened at $161.20 on Friday. The company has a market capitalization of $72.53 billion, a P/E ratio of 31.73, a P/E/G ratio of 5.47 and a beta of 0.73. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.94 and a quick ratio of 0.94. The company has a 50 day simple moving average of $167.38 and a 200-day simple moving average of $167.25. Thomson Reuters has a 1 year low of $138.09 and a 1 year high of $176.03.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings data on Tuesday, November 5th. The business services provider reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.71 billion. Thomson Reuters had a return on equity of 14.85% and a net margin of 32.12%. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.82 earnings per share. On average, equities research analysts predict that Thomson Reuters will post 3.69 earnings per share for the current year.

Hedge Funds Weigh In On Thomson Reuters

A number of hedge funds and other institutional investors have recently bought and sold shares of TRI. Rothschild Investment LLC bought a new stake in shares of Thomson Reuters during the 2nd quarter worth approximately $25,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Thomson Reuters by 76.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 184 shares of the business services provider’s stock worth $28,000 after acquiring an additional 80 shares during the period. Asset Dedication LLC increased its stake in Thomson Reuters by 125.0% in the third quarter. Asset Dedication LLC now owns 234 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 130 shares during the last quarter. Clean Yield Group acquired a new position in Thomson Reuters during the third quarter valued at approximately $42,000. Finally, Ashton Thomas Securities LLC bought a new stake in Thomson Reuters during the third quarter worth $47,000. 17.31% of the stock is owned by institutional investors.

Thomson Reuters Company Profile

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.