Thomson Reuters (NYSE:TRI) Reaches New 52-Week Low – Time to Sell?

Thomson Reuters Co. (NYSE:TRI) (TSE:TRI)’s stock price reached a new 52-week low on Monday . The company traded as low as $110.00 and last traded at $110.59, with a volume of 2186209 shares trading hands. The stock had previously closed at $112.76.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on TRI shares. Scotiabank reiterated an “outperform” rating and set a $189.00 price target (down from $200.00) on shares of Thomson Reuters in a report on Wednesday, November 5th. The Goldman Sachs Group set a $186.00 target price on shares of Thomson Reuters and gave the stock a “buy” rating in a report on Wednesday, October 15th. JPMorgan Chase & Co. reduced their price target on Thomson Reuters from $178.00 to $160.00 and set a “neutral” rating on the stock in a report on Wednesday, November 5th. Royal Bank Of Canada dropped their price objective on Thomson Reuters from $208.00 to $182.00 and set a “sector perform” rating for the company in a report on Wednesday, October 29th. Finally, Canaccord Genuity Group set a $174.00 price objective on Thomson Reuters and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Ten analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $188.55.

Thomson Reuters Trading Down 0.1%

The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15. The company has a market cap of $49.20 billion, a PE ratio of 22.62, a PEG ratio of 5.67 and a beta of 0.80. The stock has a 50 day moving average price of $128.81 and a 200 day moving average price of $153.62.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings data on Tuesday, November 4th. The business services provider reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.04. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The business had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter in the prior year, the company earned $0.80 earnings per share. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. Sell-side analysts predict that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Hedge Funds Weigh In On Thomson Reuters

Several large investors have recently made changes to their positions in TRI. Intact Investment Management Inc. bought a new stake in Thomson Reuters during the 3rd quarter valued at about $3,485,000. JCIC Asset Management Inc. purchased a new stake in shares of Thomson Reuters during the third quarter valued at approximately $4,015,000. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of Thomson Reuters during the third quarter valued at approximately $10,117,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Thomson Reuters in the 3rd quarter worth approximately $18,088,000. Finally, AustralianSuper Pty Ltd bought a new position in Thomson Reuters in the 3rd quarter valued at approximately $19,964,000. 17.31% of the stock is currently owned by hedge funds and other institutional investors.

About Thomson Reuters

Thomson Reuters (NYSE: TRI) is a multinational information and media company that provides content, technology and services to professionals in the legal, tax & accounting, compliance, risk, corporate and media sectors. Headquartered in Toronto, Canada, the company combines news and editorial content from the Reuters news agency with specialist workflow platforms and databases designed to support decision-making and regulatory compliance across industries worldwide.

The company’s product portfolio spans legal research and workflow tools, tax and accounting software, regulatory and risk management solutions, and real-time news and data services.