Thomson Reuters Co. (NYSE:TRI) Given Average Recommendation of "Hold" by Brokerages

Shares of Thomson Reuters Co. (NYSE:TRI - Get Free Report) TSE: TRI have been assigned an average rating of "Hold" from the ten research firms that are currently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $175.56.

TRI has been the subject of several recent research reports. National Bank Financial raised Thomson Reuters from a "sector perform" rating to an "outperform" rating in a research note on Monday, September 9th. JPMorgan Chase & Co. increased their price target on Thomson Reuters from $163.00 to $164.00 and gave the company a "neutral" rating in a research note on Friday, August 2nd. Scotiabank upgraded Thomson Reuters from a "sector perform" rating to a "sector outperform" rating and upped their target price for the company from $164.00 to $182.00 in a report on Tuesday, August 27th. Finally, Royal Bank of Canada raised their price target on shares of Thomson Reuters from $168.00 to $171.00 and gave the stock a "sector perform" rating in a report on Wednesday, October 23rd.

Thomson Reuters Price Performance

NYSE TRI traded up $6.12 on Tuesday, hitting $171.14. 980,720 shares of the company's stock were exchanged, compared to its average volume of 355,728. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.16. The stock has a market cap of $76.99 billion, a price-to-earnings ratio of 31.67, a P/E/G ratio of 5.54 and a beta of 0.73. Thomson Reuters has a 52 week low of $127.15 and a 52 week high of $176.03. The stock has a 50-day moving average of $168.79 and a 200-day moving average of $166.46.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TRI. Rothschild Investment LLC bought a new stake in shares of Thomson Reuters in the 2nd quarter worth $25,000. EverSource Wealth Advisors LLC grew its holdings in Thomson Reuters by 76.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 184 shares of the business services provider's stock valued at $28,000 after buying an additional 80 shares in the last quarter. Asset Dedication LLC grew its stake in Thomson Reuters by 125.0% during the third quarter. Asset Dedication LLC now owns 234 shares of the business services provider's stock valued at $40,000 after acquiring an additional 130 shares in the last quarter. Clean Yield Group purchased a new position in shares of Thomson Reuters during the 3rd quarter valued at $42,000. Finally, Ashton Thomas Securities LLC bought a new stake in Thomson Reuters during the third quarter valued at $47,000. 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.