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

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

TRI has been the subject of a number of other research reports. JPMorgan Chase & Co. boosted their price objective on shares of Thomson Reuters from $163.00 to $164.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Scotiabank raised their price objective on Thomson Reuters from $182.00 to $187.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, November 6th. Royal Bank of Canada lifted their price objective on Thomson Reuters from $171.00 to $173.00 and gave the company a “sector perform” rating in a report on Wednesday, November 6th. Finally, National Bank Financial raised Thomson Reuters from a “sector perform” rating to an “outperform” rating in a report on Monday, September 9th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Thomson Reuters presently has a consensus rating of “Hold” and an average price target of $176.33.

Thomson Reuters Trading Down 1.9 %

Shares of TRI stock opened at $161.69 on Thursday. Thomson Reuters has a 12-month low of $133.26 and a 12-month high of $176.03. The firm has a 50 day moving average price of $168.53 and a two-hundred day moving average price of $167.13. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $72.74 billion, a PE ratio of 32.01, a price-to-earnings-growth ratio of 5.70 and a beta of 0.73.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings results on Tuesday, November 5th. The business services provider reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.82 EPS. As a group, analysts predict that Thomson Reuters will post 3.69 earnings per share for the current year.

Institutional Investors Weigh In On Thomson Reuters

Several hedge funds have recently modified their holdings of the company. Rothschild Investment LLC bought a new stake in shares of Thomson Reuters during the second quarter worth about $25,000. EverSource Wealth Advisors LLC increased its holdings in Thomson Reuters by 76.9% in the first quarter. EverSource Wealth Advisors LLC now owns 184 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 80 shares during the period. Asset Dedication LLC raised its position in Thomson Reuters by 125.0% during the 3rd quarter. Asset Dedication LLC now owns 234 shares of the business services provider’s stock worth $40,000 after purchasing an additional 130 shares during the last quarter. Clean Yield Group acquired a new position in Thomson Reuters during the 3rd quarter worth about $42,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Thomson Reuters in the 3rd quarter valued at about $47,000. Institutional investors and hedge funds 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.