Thomson Reuters (TSE:TRI) Sets New 52-Week Low – Here’s What Happened

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) shares reached a new 52-week low on Thursday . The company traded as low as C$173.45 and last traded at C$173.76, with a volume of 292517 shares. The stock had previously closed at C$176.79.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on TRI shares. The Goldman Sachs Group raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Canaccord Genuity Group upgraded shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 5th. Finally, Huber Research upgraded shares of Thomson Reuters to a “strong-buy” rating in a research note on Monday, October 20th. Six investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Thomson Reuters has a consensus rating of “Strong Buy” and a consensus target price of C$265.80.

Thomson Reuters Stock Performance

The firm has a fifty day simple moving average of C$184.55 and a 200 day simple moving average of C$222.72. 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 company has a market cap of C$76.98 billion, a price-to-earnings ratio of 44.48, a P/E/G ratio of 3.64 and a beta of 0.14.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its quarterly earnings data on Tuesday, November 4th. The company reported C$0.85 earnings per share (EPS) for the quarter. The business had revenue of C$2.48 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 Co. will post 5.6395803 earnings per share for the current fiscal 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.