Thomson Reuters (NYSE:TRI) Downgraded by StockNews.com to “Sell”

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

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

Thomson Reuters Stock Up 1.3 %

TRI opened at $168.45 on Wednesday. The business’s fifty day simple moving average is $168.71 and its 200 day simple moving average is $166.61. Thomson Reuters has a 52 week low of $127.68 and a 52 week high of $176.03. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.16. The stock has a market cap of $75.78 billion, a PE ratio of 32.30, a P/E/G ratio of 5.55 and a beta of 0.73.

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, beating the consensus estimate of $0.77 by $0.03. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. Thomson Reuters had a return on equity of 15.22% and a net margin of 33.65%. The company’s revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.82 EPS. As a group, research analysts expect that Thomson Reuters will post 3.71 earnings per share for the current fiscal year.

Institutional Trading of Thomson Reuters

Large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Thomson Reuters by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 5,739,858 shares of the business services provider’s stock worth $894,442,000 after acquiring an additional 41,680 shares during the period. TD Asset Management Inc lifted its stake in shares of Thomson Reuters by 0.7% during the 2nd quarter. TD Asset Management Inc now owns 4,074,256 shares of the business services provider’s stock valued at $686,640,000 after buying an additional 26,483 shares in the last quarter. Fiera Capital Corp boosted its holdings in Thomson Reuters by 1.0% in the 3rd quarter. Fiera Capital Corp now owns 2,684,883 shares of the business services provider’s stock worth $458,559,000 after buying an additional 27,714 shares during the period. Clearbridge Investments LLC increased its stake in Thomson Reuters by 9.4% in the 2nd quarter. Clearbridge Investments LLC now owns 1,458,700 shares of the business services provider’s stock worth $245,893,000 after buying an additional 125,167 shares in the last quarter. Finally, Cibc World Market Inc. raised its holdings in Thomson Reuters by 26.3% during the second quarter. Cibc World Market Inc. now owns 1,325,695 shares of the business services provider’s stock valued at $223,525,000 after acquiring an additional 276,206 shares during the period. 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.