National Bankshares Cuts Thomson Reuters (TSE:TRI) Price Target to C$175.00

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its target price trimmed by National Bankshares from C$190.00 to C$175.00 in a research report sent to investors on Sunday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other equities analysts also recently issued reports on TRI. The Goldman Sachs Group raised shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Canaccord Genuity Group raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 5th. Canadian Imperial Bank of Commerce cut their target price on Thomson Reuters from C$183.00 to C$140.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. Huber Research raised Thomson Reuters to a “strong-buy” rating in a research note on Monday, October 20th. Finally, BMO Capital Markets cut their price objective on Thomson Reuters from C$275.00 to C$165.00 in a research note on Friday, February 6th. Five research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$175.86.

Thomson Reuters Price Performance

Thomson Reuters stock opened at C$123.17 on Friday. The company has a debt-to-equity ratio of 24.28, a quick ratio of 0.52 and a current ratio of 0.94. Thomson Reuters has a 52 week low of C$116.21 and a 52 week high of C$299.24. The stock has a market capitalization of C$54.81 billion, a P/E ratio of 36.99, a price-to-earnings-growth ratio of 3.64 and a beta of -0.02. The stock has a fifty day moving average of C$169.40 and a 200-day moving average of C$205.26.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last released its quarterly earnings data on Thursday, February 5th. The company reported C$1.47 earnings per share (EPS) for the quarter. The business had revenue of C$2.76 billion during 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 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.