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

Key Points

• Thomson Reuters was downgraded from a "hold" rating to a "sell" rating by Wall Street Zen, indicating a more pessimistic outlook for the stock.
• Despite the downgrade, other analysts like Cibc World Mkts and Scotiabank have recently issued "strong-buy" ratings for the company, highlighting mixed sentiments among analysts.
• The stock's current price is $174.64, showing a 2.3% decline and a market capitalization of $78.71 billion, with earnings beating expectations in the latest quarter.

Wall Street Zen cut shares of Thomson Reuters (NASDAQ:TRI - Free Report) from a hold rating to a sell rating in a report released on Friday morning.

TRI has been the topic of several other reports. Cibc World Mkts upgraded Thomson Reuters from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 19th. TD Securities upgraded Thomson Reuters from a "hold" rating to a "buy" rating in a research report on Thursday, August 28th. Finally, Scotiabank upgraded Thomson Reuters from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 6th. Three research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Strong Buy".

Thomson Reuters Price Performance

Shares of TRI stock traded up $3.02 during trading hours on Friday, reaching $173.51. The company's stock had a trading volume of 1,196,150 shares, compared to its average volume of 997,650. The firm has a market cap of $78.20 billion, a P/E ratio of 47.93, a P/E/G ratio of 5.54 and a beta of 0.74. Thomson Reuters has a one year low of $151.60 and a one year high of $218.42. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.79 and a current ratio of 0.79.

Thomson Reuters (NASDAQ:TRI - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.87 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.04. Thomson Reuters had a return on equity of 14.04% and a net margin of 22.34%.The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.79 billion.

Thomson Reuters Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 19th were paid a dividend of $0.595 per share. The ex-dividend date was Tuesday, August 19th. This represents a $2.38 dividend on an annualized basis and a yield of 1.4%. Thomson Reuters's payout ratio is presently 65.75%.

Thomson Reuters Company Profile

Thomson Reuters Corporation provides 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.