Thomson Reuters (NYSE:TRI) Rating Lowered to “Sell” at StockNews.com

Thomson Reuters (NYSE:TRI) (TSE:TRI) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Wednesday.

TRI has been the topic of several other research reports. Wells Fargo & Company lifted their price objective on shares of Thomson Reuters from $165.00 to $177.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. lifted their price target on shares of Thomson Reuters from $175.00 to $177.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Scotiabank boosted their price target on shares of Thomson Reuters from $187.00 to $188.00 and gave the stock a “sector outperform” rating in a research note on Friday, February 7th. The Goldman Sachs Group raised their price objective on Thomson Reuters from $168.00 to $188.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Finally, Canaccord Genuity Group boosted their target price on Thomson Reuters from $164.00 to $175.00 and gave the stock a “hold” rating in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $177.56.

Thomson Reuters Stock Up 0.4 %

TRI opened at $172.68 on Wednesday. Thomson Reuters has a fifty-two week low of $149.50 and a fifty-two week high of $180.42. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02. The stock has a market cap of $77.78 billion, a price-to-earnings ratio of 35.31, a price-to-earnings-growth ratio of 5.67 and a beta of 0.70. The firm’s fifty day moving average is $172.06 and its 200 day moving average is $167.94.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings data 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%. On average, sell-side analysts forecast 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 institutional investors and hedge funds have recently modified their holdings of the stock. Decker Retirement Planning Inc. bought a new stake in Thomson Reuters in the fourth quarter worth $26,000. Curio Wealth LLC purchased a new stake in shares of Thomson Reuters in the fourth quarter valued at $26,000. SBI Securities Co. Ltd. bought a new stake in shares of Thomson Reuters in the 4th quarter worth about $27,000. Investment Management Corp VA ADV bought a new stake in shares of Thomson Reuters in the 4th quarter worth about $29,000. Finally, Noble Wealth Management PBC purchased a new position in shares of Thomson Reuters during the 4th quarter worth about $33,000. Hedge funds and other 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.