Thomson Reuters (TSE:TRI) Sets New 1-Year Low – Should You Sell?

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) hit a new 52-week low during trading on Thursday . The stock traded as low as C$116.16 and last traded at C$116.25, with a volume of 351279 shares trading hands. The stock had previously closed at C$120.93.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on TRI shares. Canadian Imperial Bank of Commerce dropped their target price on shares of Thomson Reuters from C$183.00 to C$140.00 and set an “outperform” rating for the company in a report on Friday, February 6th. The Goldman Sachs Group upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Huber Research raised Thomson Reuters to a “strong-buy” rating in a research note on Monday, October 20th. Royal Bank Of Canada upgraded Thomson Reuters from a “hold” rating to a “moderate buy” rating in a research report on Tuesday. Finally, Canaccord Genuity Group raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. Five investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Thomson Reuters currently has an average rating of “Buy” and an average price target of C$175.86.

Thomson Reuters Stock Down 3.4%

The company has a debt-to-equity ratio of 24.28, a current ratio of 0.94 and a quick ratio of 0.52. The firm’s 50-day moving average price is C$168.07 and its 200 day moving average price is C$204.67. The firm has a market capitalization of C$51.96 billion, a price-to-earnings ratio of 35.06, a price-to-earnings-growth ratio of 3.64 and a beta of -0.02.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its earnings results on Thursday, February 5th. The company reported C$1.47 earnings per share (EPS) for the quarter. The firm had revenue of C$2.76 billion for the quarter. Thomson Reuters had a return on equity of 20.19% and a net margin of 32.12%. Sell-side analysts expect that Thomson Reuters Co. will post 5.6395803 EPS for the current 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.