Thomson Reuters (TSE:TRI) Trading 11.5% Higher – What’s Next?

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI)’s stock price shot up 11.5% during mid-day trading on Tuesday . The stock traded as high as C$124.39 and last traded at C$123.58. 645,667 shares changed hands during trading, a decline of 22% from the average session volume of 823,801 shares. The stock had previously closed at C$110.84.

Analyst Ratings Changes

TRI has been the topic of several research analyst reports. TD Securities decreased their price objective on shares of 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. BMO Capital Markets dropped their price objective on shares of Thomson Reuters from C$275.00 to C$165.00 in a report on Friday, February 6th. National Bank Financial lowered their price target on Thomson Reuters from C$190.00 to C$175.00 and set an “outperform” rating on the stock in a research report on Sunday, February 8th. Canadian Imperial Bank of Commerce dropped their price target on Thomson Reuters from C$183.00 to C$140.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. Finally, Canaccord Genuity Group upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 5th. Five research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$181.83.

Thomson Reuters Stock Performance

The company has a quick ratio of 0.52, a current ratio of 0.94 and a debt-to-equity ratio of 24.28. The company has a fifty day moving average price of C$157.55 and a 200 day moving average price of C$195.50. The stock has a market cap of C$55.06 billion, a PE ratio of 37.16, a P/E/G ratio of 3.64 and a beta of -0.02.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its quarterly earnings results on Thursday, February 5th. The company reported C$1.47 EPS for the quarter. The business 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%. Analysts expect that Thomson Reuters Co. will post 5.6395803 earnings per share for the current year.

About Thomson Reuters

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.