Thomson Reuters (NYSE:TRI) Lowered to Sell Rating by StockNews.com

Thomson Reuters (NYSE:TRI) (TSE:TRI) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Friday.

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

Thomson Reuters Stock Performance

Shares of TRI stock opened at $161.20 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.94 and a quick ratio of 0.94. Thomson Reuters has a one year low of $138.09 and a one year high of $176.03. The business’s 50 day simple moving average is $167.38 and its 200 day simple moving average is $167.25. The stock has a market capitalization of $72.53 billion, a PE ratio of 31.73, a PEG ratio of 5.47 and a beta of 0.73.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued 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. 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 revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.82 earnings per share. As a group, research analysts forecast 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 made changes to their positions in the company. Janus Henderson Group PLC raised its position in shares of Thomson Reuters by 23.8% in the 1st quarter. Janus Henderson Group PLC now owns 16,770 shares of the business services provider’s stock worth $2,612,000 after purchasing an additional 3,223 shares during the last quarter. &PARTNERS bought a new stake in shares of Thomson Reuters during the second quarter valued at approximately $278,000. Aigen Investment Management LP boosted its stake in Thomson Reuters by 87.4% during the third quarter. Aigen Investment Management LP now owns 7,326 shares of the business services provider’s stock valued at $1,250,000 after buying an additional 3,417 shares during the last quarter. Toronto Dominion Bank lifted its position in Thomson Reuters by 87.1% during the second quarter. Toronto Dominion Bank now owns 505,050 shares of the business services provider’s stock valued at $85,136,000 after purchasing an additional 235,145 shares during the last quarter. Finally, EFG Asset Management Americas Corp. raised its holdings in Thomson Reuters by 65.4% during the 2nd quarter. EFG Asset Management Americas Corp. now owns 16,500 shares of the business services provider’s stock valued at $2,781,000 after buying an additional 6,525 shares during the period. 17.31% of the stock is currently owned by institutional investors.

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.