StockNews.com Downgrades Thomson Reuters (NYSE:TRI) to Sell

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

TRI has been the subject of a number of other research reports. Wells Fargo & Company increased their target price on Thomson Reuters from $165.00 to $177.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. CIBC increased their target price on Thomson Reuters from $165.00 to $174.00 in a research note on Friday, February 7th. The Goldman Sachs Group lifted their price objective on Thomson Reuters from $168.00 to $188.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Bank of America began coverage on shares of Thomson Reuters in a research report on Thursday. They set a “neutral” rating and a $180.00 price objective for the company. Finally, Canaccord Genuity Group increased their target price on shares of Thomson Reuters from $164.00 to $175.00 and gave the stock a “hold” rating in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $177.80.

Thomson Reuters Trading Up 3.2 %

Shares of NYSE TRI traded up $5.41 during mid-day trading on Friday, hitting $172.68. The company’s stock had a trading volume of 791,224 shares, compared to its average volume of 391,214. Thomson Reuters has a one year low of $149.50 and a one year high of $180.42. The stock has a market cap of $77.72 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 company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. The company’s fifty day simple moving average is $173.17 and its 200-day simple moving average is $167.78.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts anticipate that Thomson Reuters will post 3.89 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Sara Bay Financial increased its holdings in Thomson Reuters by 3.3% in the first quarter. Sara Bay Financial now owns 3,275 shares of the business services provider’s stock worth $560,000 after purchasing an additional 104 shares in the last quarter. First Affirmative Financial Network boosted its position in shares of Thomson Reuters by 12.0% during the first quarter. First Affirmative Financial Network now owns 2,465 shares of the business services provider’s stock valued at $426,000 after buying an additional 265 shares during the last quarter. SeaCrest Wealth Management LLC grew its stake in shares of Thomson Reuters by 25.3% in the 1st quarter. SeaCrest Wealth Management LLC now owns 1,945 shares of the business services provider’s stock worth $336,000 after acquiring an additional 393 shares in the last quarter. Rhumbline Advisers grew its position in Thomson Reuters by 1.5% in the 1st quarter. Rhumbline Advisers now owns 4,456 shares of the business services provider’s stock worth $770,000 after purchasing an additional 68 shares in the last quarter. Finally, Parallel Advisors LLC increased its position in shares of Thomson Reuters by 14.8% during the first quarter. Parallel Advisors LLC now owns 2,887 shares of the business services provider’s stock valued at $499,000 after acquiring an additional 373 shares during the last quarter. Institutional investors and hedge funds 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.