Thomson Reuters (TSE:TRI) Sets New 12-Month Low – Here’s What Happened

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$182.38 and last traded at C$182.82, with a volume of 27685 shares traded. The stock had previously closed at C$184.66.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group raised shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. Wells Fargo & Company upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 9th. Huber Research upgraded shares of Thomson Reuters to a “strong-buy” rating in a research note on Monday, October 20th. Canaccord Genuity Group raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 5th. Finally, Cibc World Mkts raised shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 19th. Six equities research 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Strong Buy” and an average price target of C$265.80.

Thomson Reuters Stock Down 1.9%

The firm’s fifty day moving average is C$205.36 and its two-hundred day moving average is C$239.72. The firm has a market cap of C$80.62 billion, a price-to-earnings ratio of 46.59, a P/E/G ratio of 3.64 and a beta of 0.20. The company has a debt-to-equity ratio of 24.28, a current ratio of 0.94 and a quick ratio of 0.52.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its quarterly earnings data 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 business had revenue of C$2.48 billion during the quarter. On average, sell-side 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.