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

Thomson Reuters (NYSE:TRIGet Rating) (TSE:TRI) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

TRI has been the topic of several other research reports. Canaccord Genuity Group raised Thomson Reuters from a “hold” rating to a “buy” rating and set a $117.00 target price on the stock in a research note on Wednesday, February 9th. Bank of America started coverage on shares of Thomson Reuters in a research report on Friday, March 11th. They set a “buy” rating for the company. National Bank Financial upgraded shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating in a report on Tuesday, January 11th. Morgan Stanley decreased their target price on shares of Thomson Reuters from $110.00 to $108.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 9th. Finally, Royal Bank of Canada raised shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating and reduced their price target for the company from $124.00 to $120.00 in a research report on Wednesday, February 9th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Thomson Reuters currently has a consensus rating of “Hold” and a consensus price target of $129.30.

Thomson Reuters stock traded down $2.19 during midday trading on Thursday, hitting $104.73. The company’s stock had a trading volume of 343,019 shares, compared to its average volume of 442,436. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.27. The stock’s 50-day moving average price is $105.06 and its 200-day moving average price is $111.67. Thomson Reuters has a 12 month low of $91.52 and a 12 month high of $123.60. The company has a market capitalization of $50.92 billion, a PE ratio of 9.16, a price-to-earnings-growth ratio of 3.26 and a beta of 0.56.

Thomson Reuters (NYSE:TRIGet Rating) (TSE:TRI) last announced its quarterly earnings results on Tuesday, February 8th. The business services provider reported $0.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.03). Thomson Reuters had a net margin of 89.62% and a return on equity of 6.57%. The firm had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the previous year, the firm posted $0.54 EPS. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. As a group, equities analysts anticipate that Thomson Reuters will post 2.43 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in TRI. Commonwealth Equity Services LLC increased its holdings in shares of Thomson Reuters by 4.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 8,287 shares of the business services provider’s stock worth $915,000 after buying an additional 331 shares during the last quarter. ING Groep NV raised its holdings in shares of Thomson Reuters by 4.9% during the third quarter. ING Groep NV now owns 5,473 shares of the business services provider’s stock valued at $605,000 after buying an additional 255 shares during the last quarter. Benjamin Edwards Inc. increased its stake in shares of Thomson Reuters by 7.2% during the third quarter. Benjamin Edwards Inc. now owns 3,439 shares of the business services provider’s stock valued at $380,000 after acquiring an additional 231 shares during the period. Baker Tilly Wealth Management LLC grew its position in Thomson Reuters by 11.7% in the third quarter. Baker Tilly Wealth Management LLC now owns 4,615 shares of the business services provider’s stock worth $510,000 after buying an additional 485 shares during the last quarter. Finally, Omnia Family Wealth LLC acquired a new position in Thomson Reuters in the 3rd quarter worth approximately $201,000. Institutional investors and hedge funds own 21.17% of the company’s stock.

Thomson Reuters Company Profile (Get Rating)

Thomson Reuters Corporation provides 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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