Thomson Reuters (NYSE:TRI) Downgraded to Sell Rating 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 to clients and investors on Wednesday.

TRI has been the topic of several other reports. Royal Bank of Canada boosted their price target on shares of Thomson Reuters from $171.00 to $173.00 and gave the stock a “sector perform” rating in a report on Wednesday. Scotiabank lifted their price objective 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. National Bank Financial raised shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research report on Monday, September 9th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Thomson Reuters from $163.00 to $164.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $176.33.

Thomson Reuters Stock Down 2.8 %

NYSE:TRI traded down $4.85 on Wednesday, hitting $166.29. 529,574 shares of the company’s stock were exchanged, compared to its average volume of 356,576. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a 50-day moving average price of $168.71 and a 200-day moving average price of $166.61. The company has a market cap of $74.81 billion, a P/E ratio of 31.92, a price-to-earnings-growth ratio of 5.55 and a beta of 0.73. Thomson Reuters has a 52 week low of $127.68 and a 52 week high of $176.03.

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 (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.03. Thomson Reuters had a net margin of 33.65% and a return on equity of 15.22%. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter last year, the business posted $0.82 EPS. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. As a group, analysts expect that Thomson Reuters will post 3.71 EPS for the current fiscal year.

Institutional Investors Weigh In On Thomson Reuters

A number of large investors have recently modified their holdings of the business. Rothschild Investment LLC acquired a new position in Thomson Reuters in the second quarter valued at approximately $25,000. EverSource Wealth Advisors LLC raised its stake in Thomson Reuters by 76.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 184 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 80 shares during the last quarter. Asset Dedication LLC raised its stake in Thomson Reuters by 125.0% in the 3rd quarter. Asset Dedication LLC now owns 234 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 130 shares during the last quarter. Clean Yield Group purchased a new stake in Thomson Reuters in the 3rd quarter valued at $42,000. Finally, Ashton Thomas Securities LLC purchased a new stake in Thomson Reuters in the 3rd quarter valued at $47,000. Hedge funds and other 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.