Thomson Reuters (TSE:TRI) Hits New 12-Month Low – Here’s Why

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) shares hit a new 52-week low during trading on Friday . The stock traded as low as C$176.56 and last traded at C$177.31, with a volume of 101875 shares. The stock had previously closed at C$181.13.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Canaccord Genuity Group upgraded shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. The Goldman Sachs Group upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Huber Research upgraded Thomson Reuters to a “strong-buy” rating in a research note on Monday, October 20th. Finally, Wells Fargo & Company raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 9th. Six research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Strong Buy” and a consensus target price of C$265.80.

Thomson Reuters Stock Performance

The company has a debt-to-equity ratio of 24.28, a quick ratio of 0.52 and a current ratio of 0.94. The stock’s 50-day simple moving average is C$190.54 and its two-hundred day simple moving average is C$227.78. The stock has a market cap of C$77.25 billion, a price-to-earnings ratio of 44.64, a price-to-earnings-growth ratio of 3.64 and a beta of 0.20.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its quarterly earnings data on Tuesday, November 4th. The company reported C$0.85 EPS for the quarter. Thomson Reuters had a return on equity of 20.19% and a net margin of 32.12%.The business had revenue of C$2.48 billion for the quarter. Analysts forecast that Thomson Reuters Co. will post 5.6395803 earnings per share for the current year.

Thomson Reuters Company Profile

Thomson Reuters is the result of the $17.6 billion megamerger of Canada’s Thomson and the United Kingdom’s Reuters Group in 2008 and the 2018 carve-out of its finance and risk business, Refinitiv, in which it holds a 45% stake. In 2019, the company agreed to exchange its 45% stake in Refinitiv for a 15% stake in LSE. Since the divestiture, the company is more concentrated on selling its flagship legal data and software, WestLaw, and its tax accounting software, OneSource. In addition, the company does hold a significant investment in the publicly traded Tradeweb, which operates a fixed income exchange.