Thomson Reuters (TSE:TRI) Reaches New 1-Year Low – What’s Next?

Shares of Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) hit a new 52-week low during trading on Tuesday . The stock traded as low as C$204.85 and last traded at C$207.70, with a volume of 642760 shares trading hands. The stock had previously closed at C$218.92.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on TRI shares. TD Securities upgraded shares of Thomson Reuters from a “hold” rating to a “buy” rating and increased their price target for the company from C$275.00 to C$285.00 in a report on Thursday, August 28th. BMO Capital Markets lifted their price objective on Thomson Reuters from C$280.00 to C$308.00 in a report on Wednesday, July 16th. Wells Fargo & Company upgraded shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 9th. Cibc World Mkts raised shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 19th. Finally, Huber Research upgraded shares of Thomson Reuters to a “strong-buy” rating in a report on Monday, October 20th. Five investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Thomson Reuters presently has an average rating of “Buy” and a consensus target price of C$265.80.

Thomson Reuters Trading Down 5.7%

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 stock’s 50 day moving average price is C$226.47 and its 200-day moving average price is C$251.02. The stock has a market capitalization of C$93.06 billion, a PE ratio of 57.04, a PEG ratio of 3.64 and a beta of 0.33.

Thomson Reuters Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Tuesday, August 19th were issued a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a yield of 1.2%. Thomson Reuters’s dividend payout ratio is presently 62.71%.

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.