Thomson Reuters (TSE:TRI) Price Target Cut to C$165.00 by Analysts at BMO Capital Markets

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its price objective decreased by BMO Capital Markets from C$275.00 to C$165.00 in a research note issued on Friday,BayStreet.CA reports. BMO Capital Markets’ price objective would suggest a potential upside of 38.32% from the company’s current price.

A number of other analysts have also commented on the company. The Goldman Sachs Group raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Huber Research upgraded shares of Thomson Reuters to a “strong-buy” rating in a report on Monday, October 20th. Canaccord Genuity Group upgraded shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. Finally, National Bankshares reduced their price objective on shares of Thomson Reuters from C$300.00 to C$190.00 and set an “outperform” rating on the stock in a research note on Monday. Five investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$184.33.

Thomson Reuters Price Performance

Shares of TRI stock traded down C$1.66 during trading hours on Friday, hitting C$119.29. The company’s stock had a trading volume of 951,785 shares, compared to its average volume of 755,021. The company has a current ratio of 0.94, a quick ratio of 0.52 and a debt-to-equity ratio of 24.28. The business has a fifty day moving average of C$173.36 and a 200-day moving average of C$209.53. Thomson Reuters has a twelve month low of C$116.21 and a twelve month high of C$299.24. The stock has a market cap of C$53.07 billion, a price-to-earnings ratio of 30.67, a P/E/G 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%. As a group, equities research analysts anticipate that Thomson Reuters 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.