National Bankshares Cuts Thomson Reuters (TSE:TRI) Price Target to C$190.00

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its target price lowered by National Bankshares from C$300.00 to C$190.00 in a research note issued to investors on Monday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other research analysts have also recently commented on TRI. Huber Research upgraded Thomson Reuters to a “strong-buy” rating in a research report on Monday, October 20th. The Goldman Sachs Group upgraded shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Finally, Canaccord Genuity Group raised shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. Six equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Strong Buy” and an average target price of C$243.80.

Thomson Reuters Stock Up 2.0%

TSE TRI opened at C$127.87 on Monday. 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 company has a market cap of C$56.88 billion, a price-to-earnings ratio of 32.87, a PEG ratio of 3.64 and a beta of -0.02. The company has a 50 day moving average of C$174.72 and a 200-day moving average of C$210.15. Thomson Reuters has a 1-year low of C$117.97 and a 1-year high of C$299.24.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its quarterly earnings results on Tuesday, November 4th. The company reported C$0.85 earnings per share (EPS) for the quarter. Thomson Reuters had a return on equity of 20.19% and a net margin of 32.12%.The business had revenue of C$2.48 billion for the quarter. On average, equities research analysts expect that Thomson Reuters will post 5.6395803 earnings per share for the current fiscal 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.