Thomson Reuters (TSE:TRI) Hits New 12-Month Low on Analyst Downgrade

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) shares hit a new 52-week low during mid-day trading on Monday after National Bankshares lowered their price target on the stock from C$300.00 to C$190.00. National Bankshares currently has an outperform rating on the stock. Thomson Reuters traded as low as C$149.39 and last traded at C$149.93, with a volume of 259373 shares trading hands. The stock had previously closed at C$150.45.

A number of other equities analysts have also issued reports on the stock. Huber Research upgraded shares of Thomson Reuters to a “strong-buy” rating in a research report on Monday, October 20th. The Goldman Sachs Group raised shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. Finally, Canaccord Genuity Group raised shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. Six analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Strong Buy” and an average price target of C$243.80.

Thomson Reuters Price Performance

The company has a current ratio of 0.94, a quick ratio of 0.52 and a debt-to-equity ratio of 24.28. The stock has a fifty day simple moving average of C$177.19 and a two-hundred day simple moving average of C$211.86. The company has a market cap of C$66.28 billion, a PE ratio of 38.30, a price-to-earnings-growth ratio of 3.64 and a beta of 0.14.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its quarterly earnings results 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 during the quarter. On average, equities analysts predict that Thomson Reuters Co. will post 5.6395803 EPS for the current fiscal year.

About Thomson Reuters

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.