Thomson Reuters (TSE:TRI) Given New C$175.00 Price Target at TD Securities

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its price target decreased by analysts at TD Securities from C$285.00 to C$175.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ target price suggests a potential upside of 46.70% from the stock’s current price.

Several other equities analysts have also issued reports on TRI. National Bankshares dropped their price target on Thomson Reuters from C$300.00 to C$190.00 and set an “outperform” rating on the stock in a research note on Monday. Huber Research upgraded shares of Thomson Reuters to a “strong-buy” rating in a research note on Monday, October 20th. Canaccord Genuity Group upgraded shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 5th. The Goldman Sachs Group upgraded shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Finally, BMO Capital Markets dropped their price objective on shares of Thomson Reuters from C$275.00 to C$165.00 in a report on Friday. Five analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$184.33.

Thomson Reuters Trading Down 1.4%

TRI stock traded down C$1.66 during midday trading on Friday, hitting C$119.29. The stock had a trading volume of 951,785 shares, compared to its average volume of 755,021. The company has a current ratio of 0.94, a quick ratio of 0.52 and a debt-to-equity ratio of 24.28. The firm has a market cap of C$53.07 billion, a P/E ratio of 30.67, a price-to-earnings-growth ratio of 3.64 and a beta of -0.02. The business has a fifty day moving average price of C$173.36 and a two-hundred day moving average price of C$209.53. Thomson Reuters has a 1-year low of C$116.21 and a 1-year high of C$299.24.

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. Thomson Reuters had a return on equity of 20.19% and a net margin of 32.12%.The firm had revenue of C$2.76 billion during the quarter. On average, sell-side analysts predict that Thomson Reuters 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.