Thomson Reuters (NASDAQ:TRI) Stock Price Down 5.5% – Should You Sell?

Shares of Thomson Reuters Corp (NASDAQ:TRI) dropped 5.5% during trading on Tuesday . The company traded as low as $103.72 and last traded at $105.3470. Approximately 879,886 shares traded hands during trading, a decline of 69% from the average daily volume of 2,836,112 shares. The stock had previously closed at $111.52.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Royal Bank Of Canada upgraded shares of Thomson Reuters from a “hold” rating to a “moderate buy” rating in a report on Tuesday, February 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Thomson Reuters in a research report on Monday, December 29th. Five equities research 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $186.00.

Thomson Reuters Stock Performance

The company has a debt-to-equity ratio of 0.11, a current ratio of 0.64 and a quick ratio of 0.64. The company’s fifty day moving average price is $107.64 and its 200 day moving average price is $135.31. The company has a market cap of $45.89 billion, a PE ratio of 30.96, a P/E/G ratio of 1.55 and a beta of 0.81.

Thomson Reuters (NASDAQ:TRI) last issued its quarterly earnings data on Thursday, February 5th. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.01 billion. Thomson Reuters had a net margin of 20.09% and a return on equity of 14.51%.

About Thomson Reuters

Thomson Reuters is a global provider of information and technology solutions for professional markets, including financial services, legal, tax and accounting, and media industries. The company delivers a range of data, analytics and software tools designed to help customers make informed decisions, manage risk and stay compliant with evolving regulations. Its key offerings include the Eikon financial data platform, Westlaw legal research service, Checkpoint tax and accounting solution, and Reuters News, which supplies real‐time journalism to media organizations worldwide.

Formed in 2008 through the merger of Canada’s Thomson Corporation (founded in 1934) and the UK’s Reuters Group (established in 1851), Thomson Reuters has built on a legacy of journalistic integrity and information innovation.