StockNews.com Upgrades Thomson Reuters (NYSE:TRI) to Hold

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

TRI has been the topic of a number of other reports. CIBC boosted their target price on Thomson Reuters from $165.00 to $174.00 in a research report on Friday, February 7th. JPMorgan Chase & Co. upped their price target on Thomson Reuters from $175.00 to $177.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Scotiabank boosted their target price on Thomson Reuters from $187.00 to $188.00 and gave the company a “sector outperform” rating in a research note on Friday, February 7th. Wells Fargo & Company upped their price target on Thomson Reuters from $165.00 to $177.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. Finally, Canaccord Genuity Group boosted their price objective on Thomson Reuters from $164.00 to $175.00 and gave the stock a “hold” rating in a research report on Friday, February 7th. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Thomson Reuters has a consensus rating of “Hold” and a consensus price target of $182.09.

Thomson Reuters Trading Up 1.5 %

Shares of TRI stock opened at $177.66 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02. Thomson Reuters has a 1 year low of $149.50 and a 1 year high of $180.42. The stock has a fifty day moving average of $168.49 and a two-hundred day moving average of $167.59. The firm has a market capitalization of $79.96 billion, a PE ratio of 36.33, a price-to-earnings-growth ratio of 5.67 and a beta of 0.73.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.04. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. As a group, research analysts expect that Thomson Reuters will post 3.89 EPS for the current year.

Hedge Funds Weigh In On Thomson Reuters

A number of hedge funds have recently modified their holdings of the stock. Decker Retirement Planning Inc. bought a new stake in Thomson Reuters during the 4th quarter worth approximately $26,000. Curio Wealth LLC bought a new stake in Thomson Reuters during the 4th quarter worth approximately $26,000. SBI Securities Co. Ltd. bought a new stake in Thomson Reuters during the 4th quarter worth approximately $27,000. Investment Management Corp VA ADV bought a new stake in Thomson Reuters during the 4th quarter worth approximately $29,000. Finally, Noble Wealth Management PBC bought a new stake in Thomson Reuters during the 4th quarter worth approximately $33,000. 17.31% of the stock is owned by institutional investors and hedge funds.

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.