Thomson Reuters Co. (TSE:TRI) Receives C$181.83 Average Price Target from Brokerages

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) has received a consensus recommendation of “Buy” from the eleven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and four have issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$181.83.

A number of research analysts have weighed in on the stock. Wells Fargo & Company downgraded shares of Thomson Reuters from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. Canadian Imperial Bank of Commerce dropped their target price on Thomson Reuters from C$183.00 to C$140.00 and set an “outperform” rating on the stock in a research report on Friday, February 6th. Royal Bank Of Canada upgraded Thomson Reuters from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, February 10th. TD Securities reduced their price target on Thomson Reuters from C$285.00 to C$175.00 and set a “buy” rating for the company in a report on Friday, February 6th. Finally, National Bank Financial lowered their price target on Thomson Reuters from C$190.00 to C$175.00 and set an “outperform” rating on the stock in a research report on Sunday, February 8th.

Thomson Reuters Price Performance

Shares of TSE TRI opened at C$124.26 on Wednesday. The company has a debt-to-equity ratio of 17.82, a current ratio of 0.64 and a quick ratio of 0.52. The stock has a market capitalization of C$55.15 billion, a price-to-earnings ratio of 37.32, a PEG ratio of 3.64 and a beta of -0.02. The firm’s 50 day simple moving average is C$135.64 and its 200-day simple moving average is C$178.15. Thomson Reuters has a 12 month low of C$109.20 and a 12 month high of C$299.24.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its earnings results on Thursday, February 5th. The company reported C$1.47 earnings per share (EPS) for the quarter. Thomson Reuters had a net margin of 20.09% and a return on equity of 12.37%. The firm had revenue of C$2.76 billion during the quarter. Analysts expect that Thomson Reuters will post 5.6395803 EPS 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.