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

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

Several other research analysts also recently commented on the stock. Canaccord Genuity Group lifted their price target on shares of Thomson Reuters from $164.00 to $175.00 and gave the stock a “hold” rating in a research note on Friday, February 7th. CIBC increased their target price on Thomson Reuters from $165.00 to $174.00 in a research report on Friday, February 7th. Scotiabank boosted their price target on Thomson Reuters from $187.00 to $188.00 and gave the stock a “sector outperform” rating in a research report on Friday, February 7th. The Goldman Sachs Group upped their target price on shares of Thomson Reuters from $168.00 to $188.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. lifted their price objective on Thomson Reuters from $175.00 to $177.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Thomson Reuters presently has a consensus rating of “Hold” and a consensus target price of $177.56.

Thomson Reuters Stock Down 0.2 %

TRI traded down $0.43 during midday trading on Wednesday, reaching $172.02. 254,744 shares of the company were exchanged, compared to its average volume of 359,835. The company has a market cap of $77.48 billion, a price-to-earnings ratio of 35.18, a price-to-earnings-growth ratio of 5.67 and a beta of 0.70. The company’s fifty day moving average price is $171.77 and its 200 day moving average price is $167.91. Thomson Reuters has a one year low of $149.50 and a one year 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.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings data on Thursday, February 6th. The business services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.04. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. As a group, analysts expect that Thomson Reuters will post 3.89 EPS for the current year.

Institutional Trading of Thomson Reuters

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Decker Retirement Planning Inc. acquired a new position in Thomson Reuters during the 4th quarter valued at about $26,000. Curio Wealth LLC purchased a new position in shares of Thomson Reuters during the fourth quarter worth $26,000. SBI Securities Co. Ltd. acquired a new position in Thomson Reuters during the fourth quarter valued at $27,000. Investment Management Corp VA ADV acquired a new stake in Thomson Reuters during the 4th quarter worth about $29,000. Finally, Noble Wealth Management PBC acquired a new position in Thomson Reuters in the fourth quarter valued at approximately $33,000. 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.