Argus Upgrades Thomson Reuters (TSE:TRI) to Hold

Thomson Reuters (TSE:TRI) (NYSE:TRI) was upgraded by stock analysts at Argus to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

Other equities analysts also recently issued research reports about the company. Canadian Imperial Bank of Commerce reduced their price objective on Thomson Reuters from C$183.00 to C$140.00 and set an “outperform” rating on the stock in a research report on Friday, February 6th. National Bank Financial dropped their target price on Thomson Reuters from C$190.00 to C$175.00 and set an “outperform” rating for the company in a report on Sunday, February 8th. Royal Bank Of Canada raised Thomson Reuters from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, February 10th. Wells Fargo & Company lowered Thomson Reuters from a “strong-buy” rating to a “hold” rating in a report on Monday, March 23rd. Finally, TD Securities lowered their price target on shares of Thomson Reuters from C$285.00 to C$175.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Four equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$167.20.

Thomson Reuters Stock Down 2.7%

Shares of TSE TRI opened at C$123.51 on Wednesday. The stock has a market cap of C$54.71 billion, a PE ratio of 37.09, a P/E/G ratio of 3.64 and a beta of 0.11. The company has a current ratio of 0.64, a quick ratio of 0.52 and a debt-to-equity ratio of 17.82. Thomson Reuters has a 12-month low of C$109.20 and a 12-month high of C$299.24. The company has a 50-day moving average of C$127.75 and a 200 day moving average of C$164.81.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last released its earnings results on Thursday, February 5th. The company reported C$1.47 earnings per share for the quarter. The business had revenue of C$2.76 billion for the quarter. Thomson Reuters had a net margin of 20.09% and a return on equity of 12.37%. As a group, sell-side analysts predict that Thomson Reuters will post 5.6395803 EPS for the current fiscal year.

Insider Transactions at Thomson Reuters

In other news, insider The Woodbridge Company Limited sold 65,000 shares of the stock in a transaction on Friday, March 20th. The stock was sold at an average price of C$127.34, for a total transaction of C$8,277,100.00. Following the completion of the transaction, the insider directly owned 312,653,088 shares in the company, valued at approximately C$39,813,244,225.92. This represents a 0.02% decrease in their position. 69.76% of the stock is currently owned by company insiders.

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.