Thomson Reuters (TSE:TRI) Reaches New 12-Month Low – Here’s Why

Shares of Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) reached a new 52-week low on Tuesday . The company traded as low as C$162.84 and last traded at C$163.49, with a volume of 109242 shares trading hands. The stock had previously closed at C$169.06.

Analysts Set New Price Targets

Several research analysts recently weighed in on TRI shares. The Goldman Sachs Group upgraded shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report 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 raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. Six analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Strong Buy” and an average target price of C$265.80.

Thomson Reuters Stock Performance

The stock has a market cap of C$71.74 billion, a P/E ratio of 41.46, a PEG ratio of 3.64 and a beta of 0.14. The stock has a fifty day simple moving average of C$180.59 and a 200-day simple moving average of C$216.51. The company has a quick ratio of 0.52, a current ratio of 0.94 and a debt-to-equity ratio of 24.28.

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