Thomson Reuters (NYSE:TRI) Raised to “Hold” at StockNews.com

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

Several other brokerages have also recently weighed in on TRI. CIBC raised their price objective on Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. Canaccord Genuity Group boosted their price target on Thomson Reuters from $164.00 to $175.00 and gave the stock a “hold” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. upped their price objective on Thomson Reuters from $175.00 to $177.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. Scotiabank raised their target price on shares of Thomson Reuters from $187.00 to $188.00 and gave the company a “sector outperform” rating in a research note on Friday, February 7th. Finally, Wells Fargo & Company upped their price target on shares of Thomson Reuters from $165.00 to $177.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $177.56.

Thomson Reuters Stock Performance

Shares of Thomson Reuters stock opened at $165.98 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. The firm has a market cap of $74.71 billion, a price-to-earnings ratio of 33.94, a price-to-earnings-growth ratio of 5.67 and a beta of 0.70. Thomson Reuters has a one year low of $149.50 and a one year high of $180.42. The stock’s 50-day moving average is $173.30 and its 200-day moving average is $167.97.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share 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%. Equities analysts predict that Thomson Reuters will post 3.89 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Thomson Reuters

A number of large investors have recently made changes to their positions in the company. Decker Retirement Planning Inc. acquired a new position in Thomson Reuters in the 4th quarter valued at $26,000. Curio Wealth LLC acquired a new position in shares of Thomson Reuters in the fourth quarter valued at about $26,000. SBI Securities Co. Ltd. bought a new position in Thomson Reuters during the fourth quarter worth about $27,000. Investment Management Corp VA ADV acquired a new stake in Thomson Reuters in the 4th quarter worth about $29,000. Finally, Noble Wealth Management PBC bought a new stake in Thomson Reuters in the 4th quarter valued at about $33,000. 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.