Zacks Investment Research lowered shares of Thomson Reuters Corp. (NYSE:TRI) from a hold rating to a sell rating in a report released on Tuesday morning.

According to Zacks, “Thomson Corporation is a leading provider of value-added information and technology to users in the fields of law, tax, accounting, financial services, higher education, reference information, corporate training and assessment, scientific research and healthcare. “

Several other equities research analysts have also recently weighed in on TRI. Canaccord Genuity restated a buy rating and set a $47.00 target price on shares of Thomson Reuters Corp. in a report on Thursday, September 8th. Barclays PLC increased their target price on Thomson Reuters Corp. from $40.00 to $42.00 and gave the company an equal weight rating in a report on Tuesday, August 23rd. TD Securities restated a hold rating and set a $56.00 target price (up from $53.00) on shares of Thomson Reuters Corp. in a report on Sunday, July 31st. Credit Suisse Group AG restated a buy rating on shares of Thomson Reuters Corp. in a report on Tuesday, July 12th. Finally, Macquarie began coverage on Thomson Reuters Corp. in a report on Thursday, August 25th. They set a neutral rating for the company. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. Thomson Reuters Corp. presently has an average rating of Hold and an average price target of $48.00.

Shares of Thomson Reuters Corp. (NYSE:TRI) traded up 0.3940% during midday trading on Tuesday, reaching $39.9769. The company’s stock had a trading volume of 130,961 shares. The stock has a market cap of $29.81 billion, a price-to-earnings ratio of 23.7816 and a beta of 0.82. The stock has a 50-day moving average price of $40.97 and a 200-day moving average price of $41.31. Thomson Reuters Corp. has a 52-week low of $33.96 and a 52-week high of $43.68.

Thomson Reuters Corp. (NYSE:TRI) last issued its earnings results on Thursday, July 28th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.01. The company earned $2.77 billion during the quarter, compared to analysts’ expectations of $2.83 billion. Thomson Reuters Corp. had a return on equity of 12.81% and a net margin of 11.09%. Thomson Reuters Corp.’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.52 EPS. Equities research analysts anticipate that Thomson Reuters Corp. will post $2.01 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of TRI. State Street Corp increased its stake in shares of Thomson Reuters Corp. by 2.2% in the first quarter. State Street Corp now owns 3,001,217 shares of the company’s stock valued at $121,484,000 after buying an additional 65,774 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Thomson Reuters Corp. by 0.9% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,024,851 shares of the company’s stock valued at $41,274,000 after buying an additional 9,329 shares in the last quarter. BlackRock Inc. increased its stake in shares of Thomson Reuters Corp. by 217.3% in the first quarter. BlackRock Inc. now owns 24,191 shares of the company’s stock valued at $980,000 after buying an additional 16,567 shares in the last quarter. Beutel Goodman & Co Ltd. increased its stake in shares of Thomson Reuters Corp. by 3.6% in the second quarter. Beutel Goodman & Co Ltd. now owns 5,746,222 shares of the company’s stock valued at $230,882,000 after buying an additional 201,375 shares in the last quarter. Finally, Schroder Investment Management Group increased its stake in shares of Thomson Reuters Corp. by 691.7% in the second quarter. Schroder Investment Management Group now owns 408,564 shares of the company’s stock valued at $21,297,000 after buying an additional 356,956 shares in the last quarter. Institutional investors and hedge funds own 28.76% of the company’s stock.

About Thomson Reuters Corp.

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