Thomson Reuters (NASDAQ:TRI) Sets New 12-Month Low – Should You Sell?

Thomson Reuters Corp (NASDAQ:TRI)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as $77.08 and last traded at $78.4510, with a volume of 206780 shares changing hands. The stock had previously closed at $79.25.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Scotiabank set a $138.00 price target on Thomson Reuters and gave the company a “sector outperform” rating in a report on Wednesday, May 6th. Barclays reaffirmed an “overweight” rating and issued a $130.00 price target (down from $170.00) on shares of Thomson Reuters in a report on Friday, May 8th. Wells Fargo & Company increased their price target on Thomson Reuters from $87.00 to $97.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. UBS Group set a $185.74 target price on Thomson Reuters and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Finally, TD Securities reissued a “buy” rating on shares of Thomson Reuters in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $144.84.

Thomson Reuters Stock Performance

The firm has a 50 day simple moving average of $87.79 and a 200-day simple moving average of $103.91. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market cap of $34.16 billion, a price-to-earnings ratio of 22.76, a PEG ratio of 1.21 and a beta of 0.77.

Thomson Reuters (NASDAQ:TRI) last released its quarterly earnings results on Tuesday, May 5th. The company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.18 by $0.05. Thomson Reuters had a return on equity of 14.99% and a net margin of 19.93%.The business had revenue of $2.04 billion during the quarter, compared to analyst estimates of $2 billion. During the same period last year, the business posted $1.12 earnings per share. The company’s quarterly revenue was up 9.8% on a year-over-year basis. As a group, analysts predict that Thomson Reuters Corp will post 4.44 EPS for the current fiscal year.

Thomson Reuters Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th were given a dividend of $0.655 per share. This represents a $2.62 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Wednesday, May 20th. Thomson Reuters’s dividend payout ratio (DPR) is currently 76.16%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Thomson Reuters by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 5,776,640 shares of the company’s stock worth $762,320,000 after buying an additional 85,684 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Thomson Reuters during the third quarter worth $5,593,000. Bank of Nova Scotia boosted its position in shares of Thomson Reuters by 16.5% during the third quarter. Bank of Nova Scotia now owns 435,265 shares of the company’s stock worth $67,612,000 after buying an additional 61,597 shares during the period. Quantbot Technologies LP purchased a new position in Thomson Reuters in the third quarter valued at $4,988,000. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in Thomson Reuters by 19.1% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 77,601 shares of the company’s stock valued at $10,235,000 after purchasing an additional 12,470 shares during the period. 17.31% of the stock is currently owned by hedge funds and other institutional investors.

About Thomson Reuters

Thomson Reuters is a global provider of information and technology solutions for professional markets, including financial services, legal, tax and accounting, and media industries. The company delivers a range of data, analytics and software tools designed to help customers make informed decisions, manage risk and stay compliant with evolving regulations. Its key offerings include the Eikon financial data platform, Westlaw legal research service, Checkpoint tax and accounting solution, and Reuters News, which supplies real‐time journalism to media organizations worldwide.

Formed in 2008 through the merger of Canada’s Thomson Corporation (founded in 1934) and the UK’s Reuters Group (established in 1851), Thomson Reuters has built on a legacy of journalistic integrity and information innovation.