Thomson Reuters (NYSE:TRI) Stock Rating Upgraded by 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 report released on Thursday.

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. lifted their target price on Thomson Reuters from $163.00 to $164.00 and gave the company a "neutral" rating in a report on Friday, August 2nd. National Bank Financial upgraded Thomson Reuters from a "sector perform" rating to an "outperform" rating in a report on Monday, September 9th. Scotiabank lifted their target price on Thomson Reuters from $182.00 to $187.00 and gave the company a "sector outperform" rating in a report on Wednesday, November 6th. Finally, Royal Bank of Canada lifted their target price on Thomson Reuters from $171.00 to $173.00 and gave the company a "sector perform" rating in a report on Wednesday, November 6th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Thomson Reuters currently has an average rating of "Hold" and a consensus target price of $176.33.

Thomson Reuters Price Performance

Shares of NYSE:TRI traded down $3.65 during midday trading on Thursday, hitting $164.74. The company had a trading volume of 270,217 shares, compared to its average volume of 353,618. The business's 50-day simple moving average is $168.59 and its 200-day simple moving average is $167.15. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market cap of $74.11 billion, a price-to-earnings ratio of 33.15, a price-to-earnings-growth ratio of 5.73 and a beta of 0.73. Thomson Reuters has a twelve month low of $132.87 and a twelve month high of $176.03.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last posted its 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. The company had revenue of $1.72 billion during the quarter, compared to analysts' expectations of $1.71 billion. Thomson Reuters had a return on equity of 14.85% and a net margin of 32.12%. The firm's quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.82 earnings per share. On average, research analysts predict that Thomson Reuters will post 3.69 earnings per share for the current year.

Institutional Investors Weigh In On Thomson Reuters

A number of institutional investors and hedge funds have recently modified their holdings of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Thomson Reuters by 909.9% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 209,993 shares of the business services provider's stock valued at $35,815,000 after buying an additional 189,199 shares during the last quarter. Verition Fund Management LLC purchased a new position in shares of Thomson Reuters during the 3rd quarter worth $3,420,000. Icon Wealth Advisors LLC lifted its stake in shares of Thomson Reuters by 21.2% during the 3rd quarter. Icon Wealth Advisors LLC now owns 1,487 shares of the business services provider's stock worth $254,000 after purchasing an additional 260 shares during the period. Northwest & Ethical Investments L.P. lifted its stake in shares of Thomson Reuters by 3.7% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 24,055 shares of the business services provider's stock worth $4,104,000 after purchasing an additional 849 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Thomson Reuters by 13.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 86,530 shares of the business services provider's stock worth $14,776,000 after purchasing an additional 10,293 shares during the period. Institutional investors and hedge funds own 17.31% of the company's stock.

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.