Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI was downgraded by StockNews.com from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Wednesday.
Several other research firms have also issued reports on TRI. Canaccord Genuity Group raised their price target on Thomson Reuters from $164.00 to $175.00 and gave the stock a "hold" rating in a research report on Friday, February 7th. CIBC raised their price target on shares of Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. Wells Fargo & Company upped their price objective 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 lifted their price objective on Thomson Reuters from $168.00 to $188.00 and gave the stock a "neutral" rating in a research report on Friday, February 7th. Finally, Scotiabank raised their price target on Thomson Reuters from $187.00 to $188.00 and gave the stock a "sector outperform" rating in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $177.56.
Get Our Latest Analysis on Thomson Reuters
Thomson Reuters Price Performance
TRI stock traded down $1.67 during mid-day trading on Wednesday, reaching $171.01. 319,716 shares of the company traded hands, compared to its average volume of 373,907. Thomson Reuters has a 52-week low of $149.50 and a 52-week high of $180.42. The company has a market capitalization of $76.97 billion, a P/E ratio of 34.97, a P/E/G ratio of 5.67 and a beta of 0.70. 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 company has a fifty day moving average price of $172.29 and a 200-day moving average price of $167.94.
Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last issued its quarterly 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, analysts anticipate that Thomson Reuters will post 3.89 earnings per share for the current year.
Institutional Trading of Thomson Reuters
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Mackenzie Financial Corp raised its stake in Thomson Reuters by 139.5% during the fourth 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. Norges Bank purchased a new position in shares of Thomson Reuters in the 4th quarter worth about $148,221,000. Geode Capital Management LLC boosted its stake in Thomson Reuters by 74.3% in the 4th quarter. Geode Capital Management LLC now owns 1,315,080 shares of the business services provider's stock worth $214,236,000 after purchasing an additional 560,450 shares in the last quarter. National Bank of Canada FI grew its position in Thomson Reuters by 115.7% during the 3rd quarter. National Bank of Canada FI now owns 963,315 shares of the business services provider's stock valued at $164,292,000 after purchasing an additional 516,715 shares during the last quarter. Finally, TD Asset Management Inc. increased its stake in 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 valued at $764,654,000 after purchasing an additional 516,605 shares in the last quarter. Hedge funds and other institutional investors own 17.31% of the company's stock.
About Thomson Reuters
(
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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.
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