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

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI)’s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as C$164.01 and last traded at C$166.16, with a volume of 242714 shares changing hands. The stock had previously closed at C$167.31.

Analyst Ratings Changes

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

Thomson Reuters Stock Down 0.7%

The company has a debt-to-equity ratio of 24.28, a current ratio of 0.94 and a quick ratio of 0.52. The stock’s fifty day simple moving average is C$182.78 and its 200-day simple moving average is C$219.51. The stock has a market cap of C$73.91 billion, a P/E ratio of 42.71, a PEG ratio of 3.64 and a beta of 0.14.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its quarterly earnings results on Tuesday, November 4th. The company reported C$0.85 earnings per share (EPS) for the quarter. Thomson Reuters had a return on equity of 20.19% and a net margin of 32.12%.The business had revenue of C$2.48 billion for the quarter. On average, research analysts anticipate 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.