Thomson Reuters (NYSE:TRI) Cut to Sell at StockNews.com

Thomson Reuters (NYSE:TRI) (TSE:TRI) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Thursday.

Several other research analysts have also commented on the stock. Canaccord Genuity Group lifted their price target on shares of Thomson Reuters from $164.00 to $175.00 and gave the company a “hold” rating in a report on Friday, February 7th. JPMorgan Chase & Co. upped their target price on Thomson Reuters from $175.00 to $177.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Scotiabank raised their price target on Thomson Reuters from $187.00 to $188.00 and gave the stock a “sector outperform” rating in a report on Friday, February 7th. Royal Bank of Canada upped their price objective on Thomson Reuters from $171.00 to $173.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company raised their target price on Thomson Reuters from $165.00 to $177.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $182.09.

Thomson Reuters Stock Up 2.3 %

TRI traded up $3.99 during trading hours on Thursday, reaching $176.59. 1,631,641 shares of the stock traded hands, compared to its average volume of 426,235. Thomson Reuters has a fifty-two week low of $149.50 and a fifty-two week high of $179.45. The company has a market cap of $79.47 billion, a price-to-earnings ratio of 36.11, a PEG ratio of 5.57 and a beta of 0.73. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. The firm’s fifty day simple moving average is $165.63 and its two-hundred day simple moving average is $166.38.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Exchange Traded Concepts LLC boosted its stake in Thomson Reuters by 104.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 327 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 167 shares in the last quarter. Creative Planning boosted its stake in Thomson Reuters by 9.0% during the third quarter. Creative Planning now owns 18,342 shares of the business services provider’s stock valued at $3,129,000 after buying an additional 1,514 shares in the last quarter. Signaturefd LLC grew its holdings in Thomson Reuters by 1.2% during the third quarter. Signaturefd LLC now owns 7,549 shares of the business services provider’s stock worth $1,288,000 after acquiring an additional 92 shares during the period. International Assets Investment Management LLC acquired a new position in Thomson Reuters during the third quarter worth about $29,250,000. Finally, JCIC Asset Management Inc. raised its position in Thomson Reuters by 3.5% in the third quarter. JCIC Asset Management Inc. now owns 25,965 shares of the business services provider’s stock worth $4,429,000 after acquiring an additional 875 shares in 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.