Thomson Reuters (NYSE:TRI) Shares Gap Down – Should You Sell?

Thomson Reuters Co. (NYSE:TRI) (TSE:TRI)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $109.03, but opened at $96.90. Thomson Reuters shares last traded at $95.4470, with a volume of 712,940 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TRI. The Goldman Sachs Group set a $186.00 price target on shares of Thomson Reuters and gave the company a “buy” rating in a report on Wednesday, October 15th. Canaccord Genuity Group set a $174.00 price objective on shares of Thomson Reuters and gave the stock a “buy” rating in a research report on Tuesday, November 4th. BMO Capital Markets reissued an “outperform” rating on shares of Thomson Reuters in a report on Wednesday, November 5th. Wells Fargo & Company lowered their price objective on Thomson Reuters from $212.00 to $160.00 and set an “overweight” rating for the company in a research report on Wednesday, January 14th. Finally, Scotiabank reaffirmed an “outperform” rating and set a $189.00 target price (down previously from $200.00) on shares of Thomson Reuters in a research note on Wednesday, November 5th. Ten research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Thomson Reuters currently has a consensus rating of “Moderate Buy” and an average price target of $188.55.

Thomson Reuters Trading Down 19.2%

The stock has a fifty day moving average of $128.34 and a two-hundred day moving average of $152.92. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $39.20 billion, a PE ratio of 17.95, a PEG ratio of 5.67 and a beta of 0.80.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings data on Tuesday, November 4th. The business services provider reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.04. The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.78 billion. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The business’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period last year, the company earned $0.80 EPS. As a group, sell-side analysts anticipate that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Thomson Reuters

Several hedge funds and other institutional investors have recently modified their holdings of TRI. K.J. Harrison & Partners Inc bought a new stake in shares of Thomson Reuters during the fourth quarter valued at approximately $301,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Thomson Reuters by 6.5% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 38,333 shares of the business services provider’s stock valued at $4,844,000 after acquiring an additional 2,324 shares during the last quarter. Montag A & Associates Inc. bought a new position in Thomson Reuters in the 4th quarter worth about $43,000. PKO Investment Management Joint Stock Co purchased a new position in shares of Thomson Reuters during the fourth quarter valued at $1,719,000. Finally, Benjamin Edwards Inc. lifted its holdings in Thomson Reuters by 43.3% during the fourth quarter. Benjamin Edwards Inc. now owns 291,641 shares of the business services provider’s stock worth $38,541,000 after buying an additional 88,085 shares during the period. 17.31% of the stock is currently owned by hedge funds and other institutional investors.

Thomson Reuters Company Profile

Thomson Reuters (NYSE: TRI) is a multinational information and media company that provides content, technology and services to professionals in the legal, tax & accounting, compliance, risk, corporate and media sectors. Headquartered in Toronto, Canada, the company combines news and editorial content from the Reuters news agency with specialist workflow platforms and databases designed to support decision-making and regulatory compliance across industries worldwide.

The company’s product portfolio spans legal research and workflow tools, tax and accounting software, regulatory and risk management solutions, and real-time news and data services.