StockNews.com Upgrades Thomson Reuters (NYSE:TRI) to Hold

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

Several other equities analysts have also recently weighed in on the stock. Canaccord Genuity Group raised their target price on shares of Thomson Reuters from $164.00 to $175.00 and gave the company a “hold” rating in a research note on Friday, February 7th. CIBC lifted their price target on Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. JPMorgan Chase & Co. upped their price objective on Thomson Reuters from $175.00 to $177.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Scotiabank increased their price target on Thomson Reuters from $187.00 to $188.00 and gave the company a “sector outperform” rating in a research note on Friday, February 7th. Finally, The Goldman Sachs Group increased their price objective on shares of Thomson Reuters from $168.00 to $188.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $177.80.

Thomson Reuters Stock Up 0.9 %

Shares of Thomson Reuters stock opened at $181.95 on Friday. Thomson Reuters has a 12 month low of $149.80 and a 12 month high of $184.11. The business has a fifty day simple moving average of $173.62 and a 200 day simple moving average of $168.12. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The stock has a market cap of $81.90 billion, a PE ratio of 37.21, a price-to-earnings-growth ratio of 5.67 and a beta of 0.70.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share (EPS) 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%. Research analysts predict that Thomson Reuters will post 3.89 EPS for the current year.

Hedge Funds Weigh In On Thomson Reuters

Several hedge funds and other institutional investors have recently made changes to their positions in TRI. Decker Retirement Planning Inc. acquired a new stake in shares of Thomson Reuters in the 4th quarter valued at $26,000. Curio Wealth LLC bought a new position in Thomson Reuters in the fourth quarter valued at about $26,000. SBI Securities Co. Ltd. bought a new position in shares of Thomson Reuters in the fourth quarter worth about $27,000. Investment Management Corp VA ADV bought a new stake in shares of Thomson Reuters during the 4th quarter valued at approximately $29,000. Finally, Noble Wealth Management PBC bought a new position in Thomson Reuters in the 4th quarter valued at approximately $33,000. 17.31% of the stock is currently owned by institutional investors and hedge funds.

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.