Scotiabank Downgrades Thomson Reuters (TSE:TRI) to Hold

Thomson Reuters (TSE:TRI) (NYSE:TRI) was downgraded by equities research analysts at Scotiabank from a “strong-buy” rating to a “hold” rating in a report released on Friday,Zacks.com reports.

Several other brokerages have also weighed in on TRI. National Bankshares increased their target price on Thomson Reuters from C$260.00 to C$286.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. TD Securities raised their price objective on Thomson Reuters from C$250.00 to C$260.00 and gave the stock a “hold” rating in a report on Friday, February 7th. Bank of America set a C$255.00 price objective on Thomson Reuters and gave the company a “neutral” rating in a research note on Thursday, April 10th. BMO Capital Markets increased their target price on shares of Thomson Reuters from C$265.00 to C$280.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Canaccord Genuity Group lifted their price target on shares of Thomson Reuters from C$175.00 to C$181.00 and gave the company a “hold” rating in a research report on Friday. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Thomson Reuters has a consensus rating of “Moderate Buy” and a consensus target price of C$252.40.

Thomson Reuters Stock Down 0.9 %

Shares of TSE:TRI opened at C$254.64 on Friday. Thomson Reuters has a 12-month low of C$214.51 and a 12-month high of C$262.09. The stock’s 50-day moving average price is C$247.90 and its two-hundred day moving average price is C$239.85. The company has a current ratio of 0.94, a quick ratio of 0.52 and a debt-to-equity ratio of 24.28. The firm has a market cap of C$80.44 billion, a price-to-earnings ratio of 38.34, a PEG ratio of 3.64 and a beta of 0.40.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last released its earnings results on Thursday, February 6th. The company reported C$1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.97 by C$0.04. Thomson Reuters had a net margin of 32.12% and a return on equity of 20.19%. During the same period in the prior year, the business earned $0.98 earnings per share. On average, research analysts forecast that Thomson Reuters will post 5.6395803 EPS for the current year.

Insider Buying and Selling at Thomson Reuters

In related news, Director Kerry Hendrikx sold 1,500 shares of Thomson Reuters stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of C$247.06, for a total transaction of C$370,591.65. Also, Senior Officer David Franklin Wong sold 2,256 shares of the business’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of C$251.96, for a total transaction of C$568,432.59. 69.76% of the stock is owned by corporate insiders.

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.