Thomson Reuters (TSE:TRI) Hits New 1-Year Low – Here’s Why

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) reached a new 52-week low on Tuesday . The stock traded as low as C$188.39 and last traded at C$189.14, with a volume of 109666 shares trading hands. The stock had previously closed at C$192.69.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Cibc World Mkts raised shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 19th. Huber Research upgraded shares of Thomson Reuters to a “strong-buy” rating in a research report on Monday, October 20th. Canaccord Genuity Group raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 5th. Scotiabank raised shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 6th. Finally, Wells Fargo & Company upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 9th. Six analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Thomson Reuters has an average rating of “Strong Buy” and an average price target of C$265.80.

Thomson Reuters Stock Performance

The stock’s 50-day moving average price is C$217.05 and its 200 day moving average price is C$247.03. The firm has a market cap of C$84.14 billion, a P/E ratio of 48.62, a price-to-earnings-growth ratio of 3.64 and a beta of 0.33. The company has a debt-to-equity ratio of 24.28, a current ratio of 0.94 and a quick ratio of 0.52.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its quarterly earnings results on Tuesday, November 4th. The company reported C$0.94 earnings per share (EPS) for the quarter. Thomson Reuters had a net margin of 32.12% and a return on equity of 20.19%. The firm had revenue of C$2.48 billion for the quarter. As a group, equities analysts predict that Thomson Reuters Co. will post 5.6395803 EPS for the current 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.