Thomson Reuters (TSE:TRI) Upgraded to “Hold” at Argus

Argus upgraded shares of Thomson Reuters (TSE:TRI) (NYSE:TRI) to a hold rating in a research report report published on Wednesday,Zacks.com reports.

Other equities research analysts also recently issued reports about the stock. TD Securities dropped their price target on shares of Thomson Reuters from C$285.00 to C$175.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Canadian Imperial Bank of Commerce dropped their price objective on Thomson Reuters from C$183.00 to C$140.00 and set an “outperform” rating for the company in a report on Friday, February 6th. BMO Capital Markets reduced their target price on Thomson Reuters from C$275.00 to C$165.00 in a report on Friday, February 6th. National Bank Financial decreased their price target on Thomson Reuters from C$190.00 to C$175.00 and set an “outperform” rating on the stock in a research report on Sunday, February 8th. Finally, Wells Fargo & Company cut shares of Thomson Reuters from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. Four equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of C$167.20.

Thomson Reuters Stock Performance

TRI opened at C$126.99 on Wednesday. The company has a debt-to-equity ratio of 17.82, a current ratio of 0.64 and a quick ratio of 0.52. The business has a fifty day simple moving average of C$127.61 and a 200 day simple moving average of C$165.10. Thomson Reuters has a 1 year low of C$109.20 and a 1 year high of C$299.24. The company has a market capitalization of C$56.25 billion, a PE ratio of 38.14, a price-to-earnings-growth ratio of 3.64 and a beta of 0.11.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its quarterly earnings data on Thursday, February 5th. The company reported C$1.47 earnings per share for the quarter. The firm had revenue of C$2.76 billion for the quarter. Thomson Reuters had a return on equity of 12.37% and a net margin of 20.09%. Research analysts expect that Thomson Reuters will post 5.6395803 EPS for the current year.

Insider Activity at Thomson Reuters

In related news, insider The Woodbridge Company Limited sold 135,000 shares of the company’s stock in a transaction on Friday, March 20th. The stock was sold at an average price of C$126.85, for a total transaction of C$17,124,750.00. Following the completion of the sale, the insider directly owned 312,518,088 shares in the company, valued at C$39,642,919,462.80. This represents a 0.04% decrease in their position. Company insiders own 69.76% of the company’s stock.

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.