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 published on Friday morning.

A number of other research firms also recently issued reports on TRI. TD Securities upgraded Thomson Reuters from a "hold" rating to a "buy" rating in a report on Thursday, August 28th. Cibc World Mkts raised Thomson Reuters from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 19th. Finally, Scotiabank raised shares of Thomson Reuters from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 6th. Three analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Strong Buy".

Thomson Reuters Trading Down 2.5%

Shares of NASDAQ:TRI traded down $4.31 during midday trading on Friday, reaching $171.34. 349,691 shares of the company were exchanged, compared to its average volume of 892,609. The firm has a market cap of $77.22 billion, a price-to-earnings ratio of 47.33, a PEG ratio of 5.64 and a beta of 0.74. Thomson Reuters has a fifty-two week low of $151.60 and a fifty-two week high of $218.42. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.11.

Thomson Reuters (NASDAQ:TRI - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.87 earnings per share (EPS) 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 during the quarter, compared to analysts' expectations of $1.79 billion.

Thomson Reuters Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 19th will be paid a dividend of $0.595 per share. The ex-dividend date is Tuesday, August 19th. This represents a $2.38 annualized dividend and a dividend yield of 1.4%. Thomson Reuters's payout ratio is currently 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.