Thomson Reuters (TSE:TRI) Sets New 12-Month Low – Here’s What Happened

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

Analyst Ratings Changes

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

Thomson Reuters Price Performance

The firm’s 50-day moving average is C$191.62 and its 200-day moving average is C$228.70. The company has a market capitalization of C$77.53 billion, a P/E ratio of 44.80, a price-to-earnings-growth ratio of 3.64 and a beta of 0.20. 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 posted its quarterly earnings results on Tuesday, November 4th. The company reported C$0.85 earnings per share for the quarter. Thomson Reuters had a net margin of 32.12% and a return on equity of 20.19%. The business had revenue of C$2.48 billion during the quarter. Analysts predict that Thomson Reuters Co. will post 5.6395803 EPS for the current fiscal 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.