Thomson Reuters (NYSE:TRI) Stock Rating Lowered 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 on Thursday.

Several other research analysts also recently weighed in on the stock. Scotiabank lifted their target price on shares of Thomson Reuters from $187.00 to $188.00 and gave the stock a “sector outperform” rating in a research report on Friday, February 7th. Wells Fargo & Company boosted their target price on shares of Thomson Reuters from $165.00 to $177.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. The Goldman Sachs Group raised their target price on Thomson Reuters from $168.00 to $188.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. CIBC upped their price target on Thomson Reuters from $165.00 to $174.00 in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. increased their price objective on Thomson Reuters from $175.00 to $177.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $182.09.

Thomson Reuters Price Performance

Shares of NYSE:TRI opened at $176.58 on Thursday. The company has a market capitalization of $79.46 billion, a PE ratio of 36.11, a price-to-earnings-growth ratio of 5.54 and a beta of 0.73. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02. The stock has a fifty day moving average of $165.80 and a 200-day moving average of $166.53. Thomson Reuters has a one year low of $149.50 and a one year high of $179.45.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its earnings results on Thursday, February 6th. The business services provider reported $1.01 EPS 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, equities analysts anticipate that Thomson Reuters will post 3.89 EPS for the current fiscal year.

Hedge Funds Weigh In On Thomson Reuters

A number of hedge funds have recently added to or reduced their stakes in the company. Aigen Investment Management LP grew its position in Thomson Reuters by 87.4% in the third quarter. Aigen Investment Management LP now owns 7,326 shares of the business services provider’s stock worth $1,250,000 after acquiring an additional 3,417 shares in the last quarter. Meridian Wealth Management LLC bought a new stake in Thomson Reuters in the third quarter worth $4,506,000. Atomi Financial Group Inc. increased its position in Thomson Reuters by 16.1% during the fourth quarter. Atomi Financial Group Inc. now owns 1,819 shares of the business services provider’s stock worth $292,000 after buying an additional 252 shares during the last quarter. CIBC Asset Management Inc raised its holdings in Thomson Reuters by 52.2% during the fourth quarter. CIBC Asset Management Inc now owns 1,153,240 shares of the business services provider’s stock valued at $185,011,000 after buying an additional 395,481 shares in the last quarter. Finally, Qsemble Capital Management LP bought a new stake in shares of Thomson Reuters during the 3rd quarter worth about $2,127,000. Institutional investors and hedge funds 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.