Thomson Reuters (TSE:TRI) Reaches New 52-Week Low – Should You Sell?

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI)’s share price reached a new 52-week low during trading on Monday . The company traded as low as C$109.20 and last traded at C$109.50, with a volume of 460284 shares traded. The stock had previously closed at C$113.99.

Analysts Set New Price Targets

Several brokerages have commented on TRI. Royal Bank Of Canada raised Thomson Reuters from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, February 10th. National Bank Financial dropped their price objective 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. Canadian Imperial Bank of Commerce cut their target price on shares of Thomson Reuters from C$183.00 to C$140.00 and set an “outperform” rating on the stock in a research report on Friday, February 6th. BMO Capital Markets cut their price objective on Thomson Reuters from C$275.00 to C$165.00 in a report on Friday, February 6th. Finally, TD Securities reduced their price objective on Thomson Reuters from C$285.00 to C$175.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Five research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$181.83.

Thomson Reuters Stock Performance

The company’s 50-day moving average price is C$158.97 and its two-hundred day moving average price is C$196.48. The company has a market capitalization of C$49.32 billion, a price-to-earnings ratio of 33.29, a PEG ratio of 3.64 and a beta of -0.02. 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 Thursday, February 5th. The company reported C$1.47 EPS 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$2.76 billion for the quarter. On average, equities research analysts anticipate 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.