Thomson Reuters (TSE:TRI) Stock Rating Lowered by Wells Fargo & Company

Thomson Reuters (TSE:TRI) (NYSE:TRI) was downgraded by investment analysts at Wells Fargo & Company from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

TRI has been the subject of several other reports. Canadian Imperial Bank of Commerce decreased their price target on shares of Thomson Reuters from C$183.00 to C$140.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. TD Securities dropped their price objective on shares of Thomson Reuters from C$285.00 to C$175.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. BMO Capital Markets cut their price objective on shares of Thomson Reuters from C$275.00 to C$165.00 in a report on Friday, February 6th. National Bank Financial decreased their target price on shares of Thomson Reuters from C$190.00 to C$175.00 and set an “outperform” rating for the company in a research note on Sunday, February 8th. Finally, Royal Bank Of Canada upgraded shares of Thomson Reuters from a “hold” rating to a “moderate buy” rating in a report on Tuesday, February 10th. Four analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$181.83.

Thomson Reuters Price Performance

TRI opened at C$120.41 on Monday. The company has a current ratio of 0.64, a quick ratio of 0.52 and a debt-to-equity ratio of 17.82. The stock has a market capitalization of C$53.44 billion, a P/E ratio of 36.16, a PEG ratio of 3.64 and a beta of -0.02. The stock has a 50-day moving average price of C$138.68 and a 200-day moving average price of C$179.74. Thomson Reuters has a 12-month low of C$109.20 and a 12-month high of C$299.24.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its quarterly earnings data on Thursday, February 5th. The company reported C$1.47 earnings per share (EPS) for the quarter. Thomson Reuters had a net margin of 20.09% and a return on equity of 12.37%. The company had revenue of C$2.76 billion during the quarter. Equities analysts predict that Thomson Reuters will post 5.6395803 earnings per share 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.