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

StockNews.com downgraded shares of Thomson Reuters (NYSE:TRI - Free Report) TSE: TRI from a hold rating to a sell rating in a report issued on Friday morning.

Other equities analysts also recently issued research reports about the stock. Royal Bank of Canada boosted their price objective on shares of Thomson Reuters from $171.00 to $173.00 and gave the stock a "sector perform" rating in a research note on Wednesday, November 6th. National Bank Financial raised shares of Thomson Reuters from a "sector perform" rating to an "outperform" rating in a report on Monday, September 9th. JPMorgan Chase & Co. lifted their price target on shares of Thomson Reuters from $163.00 to $164.00 and gave the stock a "neutral" rating in a report on Friday, August 2nd. Finally, Scotiabank lifted their price target on shares of Thomson Reuters from $182.00 to $187.00 and gave the stock a "sector outperform" rating in a report on Wednesday, November 6th. One 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.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $176.33.

Thomson Reuters Trading Down 0.4 %

Shares of Thomson Reuters stock traded down $0.64 on Friday, hitting $161.20. 193,040 shares of the company traded hands, compared to its average volume of 351,818. The stock's 50 day moving average price is $167.61 and its 200-day moving average price is $167.29. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.16. Thomson Reuters has a 52 week low of $138.09 and a 52 week high of $176.03. The company has a market cap of $72.53 billion, a PE ratio of 31.89, a PEG ratio of 5.44 and a beta of 0.73.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last issued its quarterly earnings data on Tuesday, November 5th. The business services provider reported $0.80 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.03. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.71 billion. Thomson Reuters had a net margin of 32.12% and a return on equity of 14.85%. Thomson Reuters's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.82 earnings per share. Equities research analysts predict that Thomson Reuters will post 3.69 EPS for the current year.

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 21st will be given a dividend of $0.54 per share. The ex-dividend date is Thursday, November 21st. This is an increase from Thomson Reuters's previous quarterly dividend of $0.15. This represents a $2.16 dividend on an annualized basis and a yield of 1.34%. Thomson Reuters's payout ratio is currently 42.52%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TRI. Janus Henderson Group PLC raised its position in shares of Thomson Reuters by 23.8% in the first quarter. Janus Henderson Group PLC now owns 16,770 shares of the business services provider's stock worth $2,612,000 after acquiring an additional 3,223 shares during the period. &PARTNERS acquired a new position in shares of Thomson Reuters in the second quarter worth about $278,000. Aigen Investment Management LP raised its position in shares of Thomson Reuters by 87.4% during the 3rd quarter. Aigen Investment Management LP now owns 7,326 shares of the business services provider's stock worth $1,250,000 after purchasing an additional 3,417 shares during the last quarter. Toronto Dominion Bank raised its position in shares of Thomson Reuters by 87.1% during the 2nd quarter. Toronto Dominion Bank now owns 505,050 shares of the business services provider's stock worth $85,136,000 after purchasing an additional 235,145 shares during the last quarter. Finally, EFG Asset Management Americas Corp. raised its position in shares of Thomson Reuters by 65.4% during the 2nd quarter. EFG Asset Management Americas Corp. now owns 16,500 shares of the business services provider's stock worth $2,781,000 after purchasing an additional 6,525 shares during the last quarter. 17.31% of the stock is currently owned by institutional investors and hedge funds.

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.