Thomson Reuters (TSE:TRI) Sets New 1-Year Low – What’s Next?

by · The Markets Daily

Thomson Reuters Co. (TSE:TRI – Get Free Report) (NYSE:TRI)’s share price reached a new 52-week low on Monday . The company traded as low as C$182.38 and last traded at C$182.82, with a volume of 27685 shares changing hands. The stock had previously closed at C$184.66.

Wall Street Analyst Weigh In

Several research firms have recently commented on TRI. 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. Canaccord Genuity Group raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. Huber Research raised Thomson Reuters to a “strong-buy” rating in a research note on Monday, October 20th. TD Securities raised Thomson Reuters from a “hold” rating to a “buy” rating and lifted their target price for the company from C$275.00 to C$285.00 in a research report on Thursday, August 28th. Finally, Wells Fargo & Company upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 9th. Six research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Strong Buy” and an average target price of C$265.80.

Check Out Our Latest Research Report on TRI

Thomson Reuters Price Performance

The stock has a market cap of C$79.30 billion, a PE ratio of 45.83, a P/E/G ratio of 3.64 and a beta of 0.20. The company has a debt-to-equity ratio of 24.28, a quick ratio of 0.52 and a current ratio of 0.94. The business has a 50 day moving average price of C$203.85 and a two-hundred day moving average price of C$238.46.

Thomson Reuters (TSE:TRI – Get Free Report) (NYSE:TRI) last issued 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 for the quarter. Research analysts expect that Thomson Reuters Co. will post 5.6395803 earnings per share for the current fiscal year.

About Thomson Reuters

(Get Free Report)

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.

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