Thomson Reuters (NYSE:TRI) Upgraded to “Hold” at StockNews.com

Thomson Reuters (NYSE:TRI) (TSE:TRI) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Saturday.

TRI has been the subject of a number of other reports. CIBC lifted their price objective on shares of Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. The Goldman Sachs Group raised their target price on Thomson Reuters from $168.00 to $188.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Bank of America started coverage on Thomson Reuters in a research report on Thursday, April 10th. They issued a “neutral” rating and a $180.00 price target for the company. JPMorgan Chase & Co. raised their price target on shares of Thomson Reuters from $175.00 to $177.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Finally, Canaccord Genuity Group lifted their target price on shares of Thomson Reuters from $164.00 to $175.00 and gave the stock a “hold” rating in a research report on Friday, February 7th. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $177.80.

Thomson Reuters Trading Up 0.9 %

NYSE TRI opened at $181.95 on Friday. The stock has a market capitalization of $81.90 billion, a P/E ratio of 37.21, a P/E/G ratio of 5.67 and a beta of 0.70. The business has a 50 day simple moving average of $173.62 and a 200 day simple moving average of $168.12. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. Thomson Reuters has a one year low of $149.80 and a one year high of $184.11.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings data on Thursday, February 6th. The business services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.97 by $0.04. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. Research analysts expect that Thomson Reuters will post 3.89 earnings per share for the current year.

Institutional Investors Weigh In On Thomson Reuters

Hedge funds and other institutional investors have recently modified their holdings of the stock. Clarius Group LLC lifted its stake in Thomson Reuters by 14.9% in the 1st quarter. Clarius Group LLC now owns 2,238 shares of the business services provider’s stock worth $387,000 after purchasing an additional 290 shares in the last quarter. Dynamic Advisor Solutions LLC purchased a new stake in Thomson Reuters in the first quarter valued at approximately $6,008,000. Wealth Enhancement Advisory Services LLC lifted its position in Thomson Reuters by 173.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 24,099 shares of the business services provider’s stock valued at $4,164,000 after purchasing an additional 15,301 shares during the last quarter. Griffin Asset Management Inc. grew its stake in Thomson Reuters by 87.8% in the 1st quarter. Griffin Asset Management Inc. now owns 12,161 shares of the business services provider’s stock worth $2,101,000 after buying an additional 5,686 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of Thomson Reuters by 42.8% in the 1st quarter. Fifth Third Bancorp now owns 484 shares of the business services provider’s stock worth $84,000 after buying an additional 145 shares during the last quarter. 17.31% of the stock is currently owned by institutional investors.

About Thomson Reuters

Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting 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 to law firms and governments.