Thomson Reuters (TSE:TRI) Reaches New 52-Week Low – Should You Sell?

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) hit a new 52-week low during trading on Wednesday . The company traded as low as C$164.01 and last traded at C$166.16, with a volume of 242714 shares. The stock had previously closed at C$167.31.

Wall Street Analyst Weigh In

TRI has been the topic of several recent analyst reports. The Goldman Sachs Group raised shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Huber Research upgraded Thomson Reuters to a “strong-buy” rating in a report on Monday, October 20th. Finally, Canaccord Genuity Group upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. Six investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Strong Buy” and a consensus price target of C$265.80.

Thomson Reuters Trading Down 0.7%

The company has a market capitalization of C$73.91 billion, a PE ratio of 42.71, a P/E/G ratio of 3.64 and a beta of 0.14. The company has a debt-to-equity ratio of 24.28, a quick ratio of 0.52 and a current ratio of 0.94. The business has a fifty day moving average price of C$182.78 and a 200 day moving average price of C$219.51.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its earnings results on Tuesday, November 4th. The company reported C$0.85 earnings per share (EPS) for the quarter. Thomson Reuters had a net margin of 32.12% and a return on equity of 20.19%. The firm had revenue of C$2.48 billion during the quarter. Analysts expect that Thomson Reuters Co. will post 5.6395803 EPS 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.