Thomson Reuters Corp. (TRI) Rating Lowered to Sell at Zacks Investment Research
Thomson Reuters Corp. (NYSE:TRI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday.
According to Zacks, “Thomson Corporation is a leading provider of value-added information and technology to users in the fields of law, tax, accounting, financial services, higher education, reference information, corporate training and assessment, scientific research and healthcare. “
Several other research analysts also recently weighed in on the company. Canaccord Genuity reiterated a “buy” rating and set a $47.00 price target on shares of Thomson Reuters Corp. in a research note on Thursday, September 8th. Macquarie began coverage on Thomson Reuters Corp. in a research note on Thursday, August 25th. They set a “neutral” rating for the company. Barclays PLC increased their price target on Thomson Reuters Corp. from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 23rd. TD Securities reiterated a “hold” rating and set a $56.00 price target on shares of Thomson Reuters Corp. in a research note on Wednesday, August 10th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $60.00 price target (up previously from $57.50) on shares of Thomson Reuters Corp. in a research note on Monday, August 1st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $48.00.
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Thomson Reuters Corp. (NYSE:TRI) opened at 39.76 on Tuesday. The company has a market cap of $29.65 billion, a PE ratio of 23.65 and a beta of 0.82. The firm has a 50-day moving average price of $41.02 and a 200-day moving average price of $41.31. Thomson Reuters Corp. has a 52-week low of $33.96 and a 52-week high of $43.68.
Thomson Reuters Corp. (NYSE:TRI) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.01. The company earned $2.77 billion during the quarter, compared to the consensus estimate of $2.83 billion. Thomson Reuters Corp. had a return on equity of 12.81% and a net margin of 11.09%. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.52 EPS. On average, analysts forecast that Thomson Reuters Corp. will post $2.01 EPS for the current year.
Several institutional investors have recently made changes to their positions in TRI. Northwestern Mutual Wealth Management Co. boosted its position in shares of Thomson Reuters Corp. by 132.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,195 shares of the company’s stock worth $130,000 after buying an additional 1,819 shares in the last quarter. BlackRock Advisors LLC raised its stake in shares of Thomson Reuters Corp. by 708.8% in the second quarter. BlackRock Advisors LLC now owns 3,389 shares of the company’s stock worth $137,000 after buying an additional 2,970 shares in the last quarter. Daiwa SB Investments Ltd. acquired a new stake in shares of Thomson Reuters Corp. during the second quarter worth $182,000. Creative Planning raised its stake in shares of Thomson Reuters Corp. by 31.9% in the second quarter. Creative Planning now owns 4,490 shares of the company’s stock worth $181,000 after buying an additional 1,085 shares in the last quarter. Finally, Archford Capital Strategies LLC raised its stake in shares of Thomson Reuters Corp. by 2,606.6% in the second quarter. Archford Capital Strategies LLC now owns 5,359 shares of the company’s stock worth $217,000 after buying an additional 5,161 shares in the last quarter. 28.76% of the stock is currently owned by institutional investors.
Thomson Reuters Corp. Company Profile
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