Thomson Reuters (TSE:TRI) Reaches New 1-Year Low – Should You Sell?

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$173.45 and last traded at C$173.76, with a volume of 292517 shares. The stock had previously closed at C$176.79.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on TRI shares. Huber Research upgraded shares of Thomson Reuters to a “strong-buy” rating in a report on Monday, October 20th. The Goldman Sachs Group upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. Finally, Canaccord Genuity Group raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 5th. Six research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Strong Buy” and a consensus price target of C$265.80.

Thomson Reuters Trading Down 0.6%

The company has a debt-to-equity ratio of 24.28, a quick ratio of 0.52 and a current ratio of 0.94. The company’s 50-day moving average price is C$183.68 and its 200-day moving average price is C$221.67. The firm has a market capitalization of C$76.73 billion, a PE ratio of 44.34, a PEG ratio of 3.64 and a beta of 0.14.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its earnings results on Tuesday, November 4th. The company reported C$0.85 EPS for the quarter. The firm had revenue of C$2.48 billion for the quarter. Thomson Reuters had a net margin of 32.12% and a return on equity of 20.19%. On average, sell-side analysts expect that Thomson Reuters Co. will post 5.6395803 earnings per share for the current 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.