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

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

TRI has been the topic of a number of other reports. 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 report on Friday, February 7th. JPMorgan Chase & Co. upped their price target on shares of Thomson Reuters from $175.00 to $177.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. CIBC boosted their price target on Thomson Reuters from $165.00 to $174.00 in a research note on Friday, February 7th. Scotiabank raised their target price on Thomson Reuters from $187.00 to $188.00 and gave the company a “sector outperform” rating in a report on Friday, February 7th. Finally, The Goldman Sachs Group boosted their price objective 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. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $177.56.

Thomson Reuters Stock Performance

TRI stock traded down $0.43 during trading on Wednesday, hitting $172.02. 254,744 shares of the company’s stock traded hands, compared to its average volume of 359,835. Thomson Reuters has a 52 week low of $149.50 and a 52 week high of $180.42. The stock has a fifty day moving average price of $171.77 and a two-hundred day moving average price of $167.91. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $77.48 billion, a price-to-earnings ratio of 35.18, a price-to-earnings-growth ratio of 5.67 and a beta of 0.70.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings results on Thursday, February 6th. The business services provider reported $1.01 EPS for the quarter, beating 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%. As a group, equities analysts anticipate that Thomson Reuters will post 3.89 EPS for the current fiscal year.

Institutional Trading of Thomson Reuters

A number of hedge funds and other institutional investors have recently modified their holdings of TRI. SBI Securities Co. Ltd. bought a new position in shares of Thomson Reuters during the 4th quarter worth approximately $27,000. Atomi Financial Group Inc. increased its stake in Thomson Reuters by 16.1% in the fourth quarter. Atomi Financial Group Inc. now owns 1,819 shares of the business services provider’s stock valued at $292,000 after acquiring an additional 252 shares during the last quarter. CIBC Asset Management Inc grew its position in Thomson Reuters by 52.2% in the fourth quarter. CIBC Asset Management Inc now owns 1,153,240 shares of the business services provider’s stock valued at $185,011,000 after acquiring an additional 395,481 shares during the last quarter. Park Avenue Securities LLC increased its position in Thomson Reuters by 26.0% during the 4th quarter. Park Avenue Securities LLC now owns 2,546 shares of the business services provider’s stock worth $409,000 after purchasing an additional 526 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Thomson Reuters by 23.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 5,966 shares of the business services provider’s stock valued at $958,000 after acquiring an additional 1,145 shares in the last quarter. Institutional investors and hedge funds own 17.31% of the company’s stock.

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.