Thomson Reuters (TSE:TRI) Stock Price Down 5.4% – Time to Sell?

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) shares were down 5.4% on Tuesday . The company traded as low as C$140.80 and last traded at C$143.18. Approximately 277,715 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 952,092 shares. The stock had previously closed at C$151.39.

Analysts Set New Price Targets

Several analysts have recently commented on TRI shares. National Bank Financial decreased their price objective on shares of 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. Canadian Imperial Bank of Commerce cut their price target on Thomson Reuters from C$183.00 to C$140.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. BMO Capital Markets decreased their price target on Thomson Reuters from C$275.00 to C$165.00 in a report on Friday, February 6th. TD Securities lowered their price objective on Thomson Reuters from C$285.00 to C$175.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Finally, Royal Bank Of Canada upgraded Thomson Reuters from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, February 10th. Five investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$181.83.

Thomson Reuters Price Performance

The company has a quick ratio of 0.52, a current ratio of 0.64 and a debt-to-equity ratio of 17.82. The firm’s fifty day moving average price is C$149.20 and its 200 day moving average price is C$188.51. The stock has a market cap of C$63.12 billion, a PE ratio of 42.59, a P/E/G ratio of 3.64 and a beta of -0.02.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its earnings results on Thursday, February 5th. The company reported C$1.47 earnings per share for the quarter. The company had revenue of C$2.76 billion during the quarter. Thomson Reuters had a net margin of 20.16% and a return on equity of 12.42%. As a group, equities 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. 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.