BMO Capital Markets lowered shares of Thomson Reuters (NYSE:TRI) (TSE:TRI) from an outperform rating to a market perform rating in a report published on Monday, The Fly reports.

Other equities analysts have also issued research reports about the stock. National Bank Financial lowered shares of Thomson Reuters from an outperform rating to a sector perform rating and reduced their price target for the company from C$95.00 to C$90.00 in a research report on Monday. ValuEngine lowered shares of Zosano Pharma from a buy rating to a hold rating in a research report on Wednesday, May 1st. Zacks Investment Research lowered shares of Hallmark Financial Services from a buy rating to a hold rating in a research report on Thursday, July 18th. Macquarie reiterated a neutral rating on shares of EXPERIAN PLC/ADR in a research report on Tuesday, June 25th. Finally, Bank of America set a $68.00 target price on shares of Inphi and gave the stock a buy rating in a research report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Thomson Reuters presently has a consensus rating of Hold and a consensus target price of $65.65.

TRI opened at $68.30 on Monday. The company has a market capitalization of $35.27 billion, a price-to-earnings ratio of 91.07, a P/E/G ratio of 7.70 and a beta of 0.53. The firm’s 50-day moving average is $66.44. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.83 and a current ratio of 1.83. Thomson Reuters has a fifty-two week low of $44.78 and a fifty-two week high of $70.93.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings results on Wednesday, May 8th. The business services provider reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.13. The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.50 billion. Thomson Reuters had a net margin of 78.52% and a return on equity of 4.25%. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.28 earnings per share. Equities analysts predict that Thomson Reuters will post 1.14 EPS for the current year.

Large investors have recently modified their holdings of the business. MML Investors Services LLC boosted its stake in Thomson Reuters by 24.1% in the fourth quarter. MML Investors Services LLC now owns 7,790 shares of the business services provider’s stock valued at $376,000 after acquiring an additional 1,511 shares during the last quarter. Cetera Advisors LLC boosted its stake in Thomson Reuters by 6.1% in the fourth quarter. Cetera Advisors LLC now owns 6,215 shares of the business services provider’s stock valued at $302,000 after acquiring an additional 357 shares during the last quarter. APG Asset Management N.V. bought a new position in Thomson Reuters in the fourth quarter valued at approximately $617,000. Norges Bank bought a new position in Thomson Reuters in the fourth quarter valued at approximately $99,235,000. Finally, First Hawaiian Bank bought a new position in Thomson Reuters in the first quarter valued at approximately $308,000. Hedge funds and other institutional investors own 20.39% of the company’s stock.

About Thomson Reuters

Thomson Reuters Corporation provides news and information-based tools to professionals worldwide. It operates through five segments: Legal Professionals, Corporates, Tax 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.

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