Thomson Reuters (NYSE:TRI) Raised to “Hold” at StockNews.com

Thomson Reuters (NYSE:TRI) (TSE:TRI) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report released on Monday.

Several other analysts have also commented on TRI. National Bank Financial upgraded shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research report on Monday, September 9th. Royal Bank of Canada increased their target price on Thomson Reuters from $171.00 to $173.00 and gave the company a “sector perform” rating in a report on Wednesday, November 6th. Wells Fargo & Company started coverage on Thomson Reuters in a report on Tuesday, November 26th. They issued an “equal weight” rating and a $165.00 price target for the company. Finally, Scotiabank increased their price objective on Thomson Reuters from $182.00 to $187.00 and gave the company a “sector outperform” rating in a research note on Wednesday, November 6th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $175.20.

Thomson Reuters Price Performance

Thomson Reuters stock opened at $164.84 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.94 and a current ratio of 0.94. Thomson Reuters has a one year low of $138.83 and a one year high of $176.03. The company has a market cap of $74.16 billion, a P/E ratio of 32.45, a price-to-earnings-growth ratio of 5.56 and a beta of 0.71. The business has a fifty day moving average of $166.26 and a two-hundred day moving average of $166.93.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings data on Tuesday, November 5th. The business services provider reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.03. Thomson Reuters had a return on equity of 14.85% and a net margin of 32.12%. The firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the previous year, the firm posted $0.82 earnings per share. Thomson Reuters’s revenue was up 8.2% on a year-over-year basis. As a group, analysts predict that Thomson Reuters will post 3.69 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Thomson Reuters

A number of institutional investors have recently made changes to their positions in TRI. Janus Henderson Group PLC raised its stake in Thomson Reuters by 23.8% during the first quarter. Janus Henderson Group PLC now owns 16,770 shares of the business services provider’s stock worth $2,612,000 after acquiring an additional 3,223 shares during the period. Atria Investments Inc purchased a new position in shares of Thomson Reuters during the first quarter valued at $1,006,000. Cetera Advisors LLC increased its holdings in shares of Thomson Reuters by 12.0% in the 1st quarter. Cetera Advisors LLC now owns 3,172 shares of the business services provider’s stock valued at $494,000 after purchasing an additional 341 shares during the period. DekaBank Deutsche Girozentrale increased its stake in Thomson Reuters by 11.9% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 29,405 shares of the business services provider’s stock valued at $4,574,000 after buying an additional 3,121 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Thomson Reuters by 76.9% during the first quarter. EverSource Wealth Advisors LLC now owns 184 shares of the business services provider’s stock worth $28,000 after acquiring an additional 80 shares in the last quarter. 17.31% of the stock is owned by institutional investors and hedge funds.

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.