Thomson Reuters (NYSE:TRI) (TSE:TRI) was downgraded by equities research analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating in a report released on Wednesday, The Fly reports.
Several other brokerages have also commented on TRI. Zacks Investment Research lowered shares of Thomson Reuters from a “buy” rating to a “hold” rating in a report on Saturday, November 4th. Royal Bank of Canada decreased their price objective on shares of Thomson Reuters from $48.00 to $47.00 and set a “sector perform” rating for the company in a report on Thursday, November 2nd. Scotiabank decreased their price objective on shares of Thomson Reuters from $55.00 to $54.00 and set an “outperform” rating for the company in a report on Wednesday, November 22nd. Goldman Sachs Group started coverage on shares of Thomson Reuters in a report on Wednesday, November 8th. They issued a “sell” rating and a $40.00 price objective for the company. Finally, Credit Suisse Group decreased their price objective on shares of Thomson Reuters from $52.00 to $51.00 and set a “neutral” rating for the company in a report on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. Thomson Reuters presently has an average rating of “Hold” and a consensus price target of $51.00.
Shares of Thomson Reuters (NYSE:TRI) opened at $46.52 on Wednesday. Thomson Reuters has a 1-year low of $42.22 and a 1-year high of $48.61. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.41. The company has a market cap of $30,917.27, a price-to-earnings ratio of 11.16, a P/E/G ratio of 1.84 and a beta of 0.71.
Large investors have recently added to or reduced their stakes in the company. Point72 Asset Management L.P. purchased a new stake in shares of Thomson Reuters in the 3rd quarter worth about $41,447,000. Community Financial Services Group LLC grew its position in shares of Thomson Reuters by 8.3% in the 3rd quarter. Community Financial Services Group LLC now owns 46,802 shares of the business services provider’s stock worth $2,148,000 after buying an additional 3,577 shares during the period. Russell Investments Group Ltd. grew its position in shares of Thomson Reuters by 12.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 814,120 shares of the business services provider’s stock worth $37,290,000 after buying an additional 89,523 shares during the period. ETRADE Capital Management LLC purchased a new stake in shares of Thomson Reuters in the 3rd quarter worth about $261,000. Finally, Wells Fargo & Company MN grew its position in shares of Thomson Reuters by 7.3% in the 3rd quarter. Wells Fargo & Company MN now owns 293,125 shares of the business services provider’s stock worth $13,449,000 after buying an additional 19,857 shares during the period. 24.31% of the stock is currently owned by hedge funds and other institutional investors.
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.
