Thomson Reuters (NYSE:TRI) Stock Rating Upgraded by 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 note issued to investors on Thursday.

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

Thomson Reuters Stock Performance

Thomson Reuters stock opened at $168.39 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average of $168.62 and a 200-day moving average of $167.14. The firm has a market cap of $75.75 billion, a P/E ratio of 33.15, a P/E/G ratio of 5.73 and a beta of 0.73. Thomson Reuters has a 1-year low of $132.87 and a 1-year high of $176.03.

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

Hedge Funds Weigh In On Thomson Reuters

Institutional investors and hedge funds have recently made changes to their positions in the business. Blair William & Co. IL increased its position in shares of Thomson Reuters by 3.0% during the second quarter. Blair William & Co. IL now owns 2,286 shares of the business services provider’s stock valued at $385,000 after acquiring an additional 66 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Thomson Reuters by 1.0% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,430 shares of the business services provider’s stock valued at $1,252,000 after acquiring an additional 74 shares in the last quarter. Sivia Capital Partners LLC increased its position in shares of Thomson Reuters by 4.8% during the second quarter. Sivia Capital Partners LLC now owns 1,646 shares of the business services provider’s stock valued at $277,000 after acquiring an additional 75 shares in the last quarter. Avitas Wealth Management LLC increased its position in shares of Thomson Reuters by 0.4% during the second quarter. Avitas Wealth Management LLC now owns 20,811 shares of the business services provider’s stock valued at $3,508,000 after acquiring an additional 79 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of Thomson Reuters by 76.9% during the first quarter. EverSource Wealth Advisors LLC now owns 184 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 80 shares in the last quarter. Institutional investors own 17.31% of the company’s stock.

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.