Thomson Reuters (TSE:TRI) Hits New 52-Week Low – Here’s Why

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI)’s share price hit a new 52-week low on Thursday . The company traded as low as C$116.16 and last traded at C$116.25, with a volume of 351279 shares changing hands. The stock had previously closed at C$120.93.

Wall Street Analysts Forecast Growth

TRI has been the subject of several research reports. TD Securities reduced their target price on shares of Thomson Reuters from C$285.00 to C$175.00 and set a “buy” rating for the company in a research note on Friday, February 6th. BMO Capital Markets decreased their price objective on Thomson Reuters from C$275.00 to C$165.00 in a report on Friday, February 6th. Royal Bank Of Canada upgraded Thomson Reuters from a “hold” rating to a “moderate buy” rating in a research note on Tuesday. Huber Research raised Thomson Reuters to a “strong-buy” rating in a research report on Monday, October 20th. Finally, National Bank Financial lowered their price target on shares of Thomson Reuters from C$190.00 to C$175.00 and set an “outperform” rating on the stock in a report on Sunday, February 8th. Five equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$181.83.

Thomson Reuters Stock Up 1.4%

The company has a quick ratio of 0.52, a current ratio of 0.94 and a debt-to-equity ratio of 24.28. The business has a 50-day simple moving average of C$165.35 and a two-hundred day simple moving average of C$202.97. The stock has a market capitalization of C$52.71 billion, a P/E ratio of 35.57, a PEG ratio of 3.64 and a beta of -0.02.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its earnings results on Thursday, February 5th. The company reported C$1.47 EPS for the quarter. The company had revenue of C$2.76 billion for the quarter. Thomson Reuters had a net margin of 32.12% and a return on equity of 20.19%. Equities research analysts forecast that Thomson Reuters Co. will post 5.6395803 earnings per share 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.