ValuEngine Downgrades Thomson Reuters (NYSE:TRI) to Hold

Thomson Reuters (NYSE:TRI) (TSE:TRI) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, ValuEngine reports.

A number of other research analysts also recently issued reports on the company. TD Securities downgraded Thomson Reuters from a “buy” rating to a “hold” rating and upped their price target for the company from $92.00 to $94.00 in a report on Wednesday, August 21st. Zacks Investment Research downgraded Thomson Reuters from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 6th. Bank of America raised Thomson Reuters from a “neutral” rating to a “buy” rating in a report on Monday, November 11th. Finally, National Bank Financial set a $93.00 price target on Thomson Reuters and gave the company a “hold” rating in a report on Saturday, November 2nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $72.79.

Shares of NYSE:TRI opened at $70.08 on Tuesday. The company has a market cap of $34.99 billion, a P/E ratio of 93.44, a PEG ratio of 3.19 and a beta of 0.52. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.46 and a quick ratio of 1.46. Thomson Reuters has a 1 year low of $46.45 and a 1 year high of $72.55. The stock’s fifty day moving average price is $68.46 and its 200-day moving average price is $67.09.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings results on Thursday, October 31st. The business services provider reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.10. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.43 billion. Thomson Reuters had a return on equity of 6.39% and a net margin of 62.70%. The company’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.11 earnings per share. On average, sell-side analysts anticipate that Thomson Reuters will post 1.23 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Thomson Reuters by 1.7% during the second quarter. Vanguard Group Inc. now owns 5,520,452 shares of the business services provider’s stock valued at $355,848,000 after acquiring an additional 92,038 shares during the last quarter. TD Asset Management Inc. increased its position in Thomson Reuters by 0.4% during the second quarter. TD Asset Management Inc. now owns 4,160,398 shares of the business services provider’s stock valued at $268,964,000 after acquiring an additional 16,687 shares during the last quarter. Beutel Goodman & Co Ltd. increased its position in Thomson Reuters by 100.0% during the second quarter. Beutel Goodman & Co Ltd. now owns 3,572,696 shares of the business services provider’s stock valued at $220,932,000 after acquiring an additional 1,786,691 shares during the last quarter. Mawer Investment Management Ltd. increased its position in Thomson Reuters by 2.0% during the second quarter. Mawer Investment Management Ltd. now owns 3,047,089 shares of the business services provider’s stock valued at $196,967,000 after acquiring an additional 60,645 shares during the last quarter. Finally, Bank of America Corp DE increased its position in Thomson Reuters by 11.7% during the second quarter. Bank of America Corp DE now owns 2,076,817 shares of the business services provider’s stock valued at $133,872,000 after acquiring an additional 216,744 shares during the last quarter. Institutional investors own 19.16% of the company’s stock.

Thomson Reuters Company Profile

Thomson Reuters Corporation provides news and information-based tools to professionals worldwide. It operates through five segments: Legal Professionals, Corporates, Tax 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.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Thomson Reuters (NYSE:TRI)

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