Thomson Reuters (NYSE:TRI) Downgraded 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 Tuesday.

Other research analysts also recently issued reports about the company. National Bank Financial upgraded Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research note on Monday, September 9th. Scotiabank upped their target price on shares of Thomson Reuters from $182.00 to $187.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, November 6th. Royal Bank of Canada lifted their price target 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. Finally, Wells Fargo & Company started coverage on Thomson Reuters in a research note on Tuesday, November 26th. They set an “equal weight” rating and a $165.00 price target for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $175.20.

Thomson Reuters Stock Performance

NYSE TRI traded up $1.15 on Tuesday, hitting $170.21. 303,557 shares of the company traded hands, compared to its average volume of 351,741. The business’s 50 day moving average price is $166.12 and its 200-day moving average price is $166.84. Thomson Reuters has a 52-week low of $138.83 and a 52-week high of $176.03. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $76.58 billion, a price-to-earnings ratio of 33.50, a P/E/G ratio of 5.77 and a beta of 0.71.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly 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 analyst estimates of $1.71 billion. Thomson Reuters had a net margin of 32.12% and a return on equity of 14.85%. The company’s revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.82 earnings per share. Equities analysts expect that Thomson Reuters will post 3.69 earnings per share for the current year.

Institutional Investors Weigh In On Thomson Reuters

Several hedge funds and other institutional investors have recently modified their holdings of the business. World Investment Advisors LLC purchased a new stake in shares of Thomson Reuters during the third quarter valued at $6,649,000. SkyView Investment Advisors LLC boosted its holdings in shares of Thomson Reuters by 1.6% in the third quarter. SkyView Investment Advisors LLC now owns 4,235 shares of the business services provider’s stock valued at $722,000 after purchasing an additional 66 shares during the period. Toronto Dominion Bank increased its holdings in Thomson Reuters by 1.8% during the 3rd quarter. Toronto Dominion Bank now owns 514,250 shares of the business services provider’s stock worth $87,731,000 after purchasing an additional 9,200 shares during the period. Geode Capital Management LLC increased its holdings in Thomson Reuters by 9.2% during the 3rd quarter. Geode Capital Management LLC now owns 754,630 shares of the business services provider’s stock worth $130,341,000 after purchasing an additional 63,336 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in Thomson Reuters during the 3rd quarter valued at $2,538,000. 17.31% of the stock is currently owned by hedge funds and other 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.