Thomson Reuters (NASDAQ:TRI) Rating Lowered to Sell at Wall Street Zen

Thomson Reuters (NASDAQ:TRI) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday, Wall Street Zen reports.

Several other research firms have also recently weighed in on TRI. Jefferies Financial Group started coverage on Thomson Reuters in a report on Tuesday, October 20th. They set a “buy” rating and a $130.00 price target on the stock. Weiss Ratings raised Thomson Reuters from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 15th. Scotiabank reaffirmed a “sector outperform” rating and issued a $135.00 price objective on shares of Thomson Reuters in a report on Thursday, August 6th. TD Securities reiterated a “buy” rating on shares of Thomson Reuters in a research report on Thursday, August 6th. Finally, Scotia reduced their price objective on Thomson Reuters from $138.00 to $135.00 and set a “sector outperform” rating for the company in a research report on Thursday, August 6th. Eleven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $128.96.

Thomson Reuters Price Performance

TRI opened at $112.57 on Friday. The stock has a market capitalization of $48.78 billion, a price-to-earnings ratio of 31.43, a PEG ratio of 2.23 and a beta of 0.69. The firm has a 50 day moving average price of $105.91 and a 200-day moving average price of $97.09. Thomson Reuters has a twelve month low of $76.28 and a twelve month high of $142.04. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.29.

Thomson Reuters (NASDAQ:TRI) last issued its earnings results on Tuesday, November 3rd. The company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.08). Thomson Reuters had a return on equity of 15.72% and a net margin of 20.02%. The company had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the prior year, the business posted $0.85 EPS. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. Equities research analysts forecast that Thomson Reuters will post 4.33 earnings per share for the current year.

Institutional Trading of Thomson Reuters

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Western Wealth Management LLC bought a new position in shares of Thomson Reuters in the first quarter worth about $48,000. GK Wealth Management LLC purchased a new stake in shares of Thomson Reuters during the third quarter worth about $53,000. Continuum Advisory LLC bought a new stake in Thomson Reuters during the 2nd quarter valued at approximately $45,000. Westside Investment Management Inc. raised its stake in Thomson Reuters by 80.7% during the 3rd quarter. Westside Investment Management Inc. now owns 600 shares of the company’s stock valued at $59,000 after purchasing an additional 268 shares during the period. Finally, Eurizon Capital SGR S.p.A. lifted its holdings in Thomson Reuters by 310.5% in the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 784 shares of the company’s stock worth $76,000 after purchasing an additional 593 shares in the last quarter. 17.31% of the stock is owned by hedge funds and other institutional investors.

About Thomson Reuters

Thomson Reuters is a global provider of information, software and services for legal, tax, accounting, compliance, risk and financial professionals. Its products help customers research complex issues, manage workflows and make informed decisions.

Key offerings include Westlaw and Practical Law for legal research and practice management, Checkpoint for tax and accounting research, and ONESOURCE for tax and trade compliance. The company also provides news and information through Reuters, its global news organization.

Thomson Reuters was formed in 2008 through the combination of Thomson Corporation and Reuters Group.