Thomson Reuters (NYSE:TRI) Upgraded at StockNews.com

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI was upgraded by StockNews.com from a "sell" rating to a "hold" rating in a research report issued on Thursday.

A number of other equities research analysts also recently weighed in on the company. Scotiabank raised their price objective on Thomson Reuters from $187.00 to $188.00 and gave the company a "sector outperform" rating in a research report on Friday, February 7th. CIBC lifted their price objective on shares of Thomson Reuters from $165.00 to $174.00 in a research report on Friday, February 7th. Wells Fargo & Company increased 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 report on Friday, February 7th. JPMorgan Chase & Co. lifted their price target on shares of Thomson Reuters from $175.00 to $177.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Finally, The Goldman Sachs Group raised 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. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Thomson Reuters presently has a consensus rating of "Hold" and a consensus target price of $177.56.

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Thomson Reuters Stock Up 0.0 %

Shares of TRI stock traded up $0.06 on Thursday, hitting $162.71. The stock had a trading volume of 219,600 shares, compared to its average volume of 380,379. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Thomson Reuters has a one year low of $149.50 and a one year high of $180.42. The business has a 50 day moving average price of $173.26 and a 200 day moving average price of $167.91. The company has a market cap of $73.24 billion, a PE ratio of 33.23, a P/E/G ratio of 5.67 and a beta of 0.70.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced its quarterly earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.04. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. Research analysts anticipate that Thomson Reuters will post 3.89 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Decker Retirement Planning Inc. purchased a new stake in shares of Thomson Reuters in the 4th quarter valued at $26,000. Curio Wealth LLC acquired a new position in Thomson Reuters during the fourth quarter valued at $26,000. SBI Securities Co. Ltd. purchased a new stake in Thomson Reuters in the fourth quarter valued at $27,000. Investment Management Corp VA ADV acquired a new stake in Thomson Reuters during the 4th quarter worth about $29,000. Finally, Noble Wealth Management PBC purchased a new position in shares of Thomson Reuters during the 4th quarter valued at about $33,000. 17.31% of the stock is 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.