Thomson Reuters (NYSE:TRI) (TSE:TRI) was downgraded by equities researchers at Edward Jones from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.
Several other research analysts have also recently issued reports on TRI. Zacks Investment Research cut shares of Thomson Reuters from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Berenberg Bank set a $37.00 target price on shares of Thomson Reuters and gave the stock a “sell” rating in a report on Thursday, October 5th. Scotiabank upgraded shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $47.00 to $55.00 in a report on Tuesday, October 17th. Morgan Stanley lifted their price target on shares of Thomson Reuters from $51.00 to $52.00 and gave the company an “equal weight” rating in a report on Monday, October 23rd. Finally, Credit Suisse Group started coverage on shares of Thomson Reuters in a report on Tuesday, October 24th. They issued a “neutral” rating and a $52.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $50.85.
Shares of Thomson Reuters (NYSE:TRI) traded down $1.72 during trading on Thursday, hitting $41.59. 481,648 shares of the stock traded hands, compared to its average volume of 1,177,726. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.63 and a quick ratio of 0.63. Thomson Reuters has a 1 year low of $41.53 and a 1 year high of $48.61. The company has a market capitalization of $33,101.76, a PE ratio of 10.11, a price-to-earnings-growth ratio of 1.97 and a beta of 0.71.
A number of large investors have recently added to or reduced their stakes in TRI. FMR LLC boosted its holdings in Thomson Reuters by 73.8% in the second quarter. FMR LLC now owns 3,320,519 shares of the business services provider’s stock valued at $153,736,000 after acquiring an additional 1,409,777 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in Thomson Reuters during the third quarter valued at $41,447,000. Mackenzie Financial Corp lifted its position in Thomson Reuters by 223.5% during the third quarter. Mackenzie Financial Corp now owns 1,123,906 shares of the business services provider’s stock valued at $51,565,000 after buying an additional 776,445 shares during the period. Citadel Advisors LLC lifted its position in Thomson Reuters by 148.9% during the third quarter. Citadel Advisors LLC now owns 1,232,613 shares of the business services provider’s stock valued at $56,556,000 after buying an additional 737,370 shares during the period. Finally, Hexavest Inc. purchased a new position in Thomson Reuters during the fourth quarter valued at $10,562,000. Institutional investors and hedge funds own 24.31% of the company’s stock.
Thomson Reuters Company Profile
Thomson Reuters Corp (Thomson Reuters) is a Canada-based provider of news and information for professional markets. The Company is organized in three business units: Financial & Risk, Legal, and Tax & Accounting. The Financial & Risk unit is a provider of critical news, information and analytics, enabling transactions and connecting communities of trading, investment, financial and corporate professionals.
