Analysts Set Thomson Reuters Co. (TSE:TRI) PT at C$181.83

Shares of Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) have earned an average rating of “Buy” from the eleven ratings firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, five have given a buy rating and five have issued a strong buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$181.83.

A number of equities analysts recently weighed in on TRI shares. National Bank Financial cut their price target on shares of Thomson Reuters from C$190.00 to C$175.00 and set an “outperform” rating on the stock in a report on Sunday, February 8th. TD Securities dropped their target price on shares of Thomson Reuters from C$285.00 to C$175.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Canaccord Genuity Group raised shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 5th. Canadian Imperial Bank of Commerce lowered their price target on shares of 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. Finally, Royal Bank Of Canada upgraded Thomson Reuters from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, February 10th.

Thomson Reuters Stock Performance

Shares of TRI opened at C$136.05 on Friday. The stock has a 50 day moving average of C$152.61 and a 200 day moving average of C$191.80. The company has a market capitalization of C$60.54 billion, a price-to-earnings ratio of 40.86, a PEG ratio of 3.64 and a beta of -0.02. Thomson Reuters has a 12 month low of C$109.20 and a 12 month high of C$299.24. The company has a current ratio of 0.64, a quick ratio of 0.52 and a debt-to-equity ratio of 17.82.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its quarterly earnings data on Thursday, February 5th. The company reported C$1.47 earnings per share for the quarter. The business had revenue of C$2.76 billion for the quarter. Thomson Reuters had a return on equity of 12.42% and a net margin of 20.08%. As a group, sell-side analysts forecast that Thomson Reuters 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.