Thomson Reuters (NYSE:TRI) Rating Increased to Hold at StockNews.com

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

Several other research firms also recently weighed in on TRI. Canaccord Genuity Group lifted their target price on Thomson Reuters from $164.00 to $175.00 and gave the stock a "hold" rating in a research report on Friday, February 7th. Royal Bank of Canada boosted their price objective on shares of Thomson Reuters from $171.00 to $173.00 and gave the company a "sector perform" rating in a research report on Wednesday, November 6th. The Goldman Sachs Group upped their target price on shares of Thomson Reuters from $168.00 to $188.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. CIBC lifted their price target on shares of Thomson Reuters from $165.00 to $174.00 in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. increased their price objective on Thomson Reuters from $175.00 to $177.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $182.09.

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Thomson Reuters Trading Down 2.2 %

NYSE:TRI traded down $3.92 during mid-day trading on Thursday, hitting $173.74. 515,426 shares of the stock traded hands, compared to its average volume of 458,788. 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 52 week low of $149.50 and a 52 week high of $180.42. The stock has a market capitalization of $78.19 billion, a price-to-earnings ratio of 35.53, a PEG ratio of 5.67 and a beta of 0.70. The firm's 50 day moving average is $168.49 and its two-hundred day moving average is $167.63.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last released its earnings results on Thursday, February 6th. The business services provider reported $1.01 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%. On average, equities research analysts predict that Thomson Reuters will post 3.89 earnings per share for the current year.

Hedge Funds Weigh In On Thomson Reuters

Large investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its stake in shares of Thomson Reuters by 67.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 496 shares of the business services provider's stock worth $85,000 after acquiring an additional 200 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Thomson Reuters by 5.4% during the third quarter. Janney Montgomery Scott LLC now owns 7,146 shares of the business services provider's stock worth $1,219,000 after purchasing an additional 369 shares in the last quarter. QRG Capital Management Inc. lifted its holdings in shares of Thomson Reuters by 10.0% during the 3rd quarter. QRG Capital Management Inc. now owns 1,739 shares of the business services provider's stock valued at $297,000 after purchasing an additional 158 shares during the last quarter. Graypoint LLC boosted its position in shares of Thomson Reuters by 0.6% in the 3rd quarter. Graypoint LLC now owns 21,289 shares of the business services provider's stock worth $3,632,000 after purchasing an additional 127 shares in the last quarter. Finally, Fiera Capital Corp grew its stake in Thomson Reuters by 1.0% during the 3rd quarter. Fiera Capital Corp now owns 2,684,883 shares of the business services provider's stock worth $458,559,000 after buying an additional 27,714 shares during the last quarter. 17.31% of the stock is currently owned by institutional investors.

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.