Thomson Reuters (TSE:TRI) Reaches New 12-Month Low Following Analyst Downgrade

Shares of Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) reached a new 52-week low during trading on Monday after National Bankshares lowered their price target on the stock from C$300.00 to C$190.00. National Bankshares currently has an outperform rating on the stock. Thomson Reuters traded as low as C$149.39 and last traded at C$149.93, with a volume of 259373 shares changing hands. The stock had previously closed at C$150.45.

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

Thomson Reuters Price Performance

The company has a debt-to-equity ratio of 24.28, a current ratio of 0.94 and a quick ratio of 0.52. The stock has a market capitalization of C$66.35 billion, a price-to-earnings ratio of 38.34, a PEG ratio of 3.64 and a beta of 0.14. The stock’s 50 day simple moving average is C$177.95 and its 200-day simple moving average is C$212.84.

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