Thomson Reuters (TSE:TRI) Rating Lowered to "Hold" at Scotiabank

Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI was downgraded by Scotiabank from a "strong-buy" rating to a "hold" rating in a report released on Friday,Zacks.com reports.

A number of other equities analysts also recently commented on the stock. Canaccord Genuity Group lifted their target price on shares of Thomson Reuters from C$175.00 to C$181.00 and gave the stock a "hold" rating in a research note on Friday. BMO Capital Markets upped their price objective on Thomson Reuters from C$265.00 to C$280.00 and gave the company an "outperform" rating in a report on Friday. National Bankshares raised their target price on Thomson Reuters from C$260.00 to C$286.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. TD Securities raised their price objective on Thomson Reuters from C$250.00 to C$260.00 and gave the stock a "hold" rating in a research report on Friday, February 7th. Finally, Bank of America set a C$255.00 target price on shares of Thomson Reuters and gave the company a "neutral" rating in a research report on Thursday, April 10th. Five investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of C$252.40.

Thomson Reuters Trading Down 0.9 %

TRI opened at C$254.64 on Friday. The company has a debt-to-equity ratio of 24.28, a current ratio of 0.94 and a quick ratio of 0.52. The company's 50 day simple moving average is C$247.90 and its two-hundred day simple moving average is C$239.78. The firm has a market capitalization of C$80.44 billion, a price-to-earnings ratio of 38.34, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40. Thomson Reuters has a 1-year low of C$214.51 and a 1-year high of C$262.09.

Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI last issued its earnings results on Thursday, February 6th. The company reported C$1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.97 by C$0.04. Thomson Reuters had a return on equity of 20.19% and a net margin of 32.12%. During the same period in the previous year, the company posted $0.98 earnings per share. Analysts expect that Thomson Reuters will post 5.6395803 EPS for the current fiscal year.

Insider Transactions at Thomson Reuters

In other news, Senior Officer David Franklin Wong sold 2,256 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of C$251.96, for a total value of C$568,432.59. Also, Director Kerry Hendrikx sold 1,500 shares of Thomson Reuters stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of C$247.06, for a total value of C$370,591.65. Corporate insiders own 69.76% of the company's stock.

Thomson Reuters Company Profile

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.

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