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

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

Several other research firms have also recently weighed in on TRI. The Goldman Sachs Group lifted their target price on Thomson Reuters from $168.00 to $188.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. upped their price objective on shares of Thomson Reuters from $175.00 to $177.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Bank of America initiated coverage on shares of Thomson Reuters in a research note on Thursday. They set a “neutral” rating and a $180.00 target price for the company. Canaccord Genuity Group upped 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. Finally, Scotiabank lifted their price objective on Thomson Reuters from $187.00 to $188.00 and gave the company a “sector outperform” rating in a research 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 assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $177.80.

Thomson Reuters Stock Up 3.2 %

TRI stock opened at $172.68 on Friday. 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 firm has a market capitalization of $77.72 billion, a P/E ratio of 35.31, a P/E/G ratio of 5.67 and a beta of 0.70. Thomson Reuters has a 52-week low of $149.50 and a 52-week high of $180.42. The company’s 50 day simple moving average is $173.17 and its 200-day simple moving average is $167.78.

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, beating 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%. As a group, equities research analysts anticipate that Thomson Reuters will post 3.89 EPS for the current year.

Institutional Investors Weigh In On Thomson Reuters

A number of large investors have recently added to or reduced their stakes in TRI. Mackenzie Financial Corp grew its stake in Thomson Reuters by 139.5% in the 4th quarter. Mackenzie Financial Corp now owns 8,544,503 shares of the business services provider’s stock valued at $1,370,564,000 after buying an additional 4,977,006 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Thomson Reuters by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 5,381,842 shares of the business services provider’s stock worth $864,195,000 after purchasing an additional 76,382 shares during the period. TD Asset Management Inc. lifted its position in shares of Thomson Reuters by 12.2% during the 4th quarter. TD Asset Management Inc. now owns 4,764,429 shares of the business services provider’s stock worth $764,654,000 after purchasing an additional 516,605 shares during the last quarter. Geode Capital Management LLC boosted its stake in Thomson Reuters by 74.3% during the 4th quarter. Geode Capital Management LLC now owns 1,315,080 shares of the business services provider’s stock valued at $214,236,000 after purchasing an additional 560,450 shares during the period. Finally, Bank of America Corp DE grew its holdings in Thomson Reuters by 5.5% in the 4th quarter. Bank of America Corp DE now owns 1,182,938 shares of the business services provider’s stock valued at $189,720,000 after buying an additional 61,235 shares during the last quarter. Institutional investors 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.