Thomson Reuters (NASDAQ:TRI) Shares Gap Down – Here’s Why

Shares of Thomson Reuters Corp (NASDAQ:TRI) gapped down prior to trading on Tuesday . The stock had previously closed at $109.03, but opened at $96.90. Thomson Reuters shares last traded at $96.76, with a volume of 694,427 shares traded.

Analyst Upgrades and Downgrades

TRI has been the topic of a number of analyst reports. Huber Research raised Thomson Reuters to a “strong-buy” rating in a research note on Monday, October 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Thomson Reuters in a research note on Monday, December 29th. The Goldman Sachs Group raised Thomson Reuters from a “hold” rating to a “buy” rating and set a $186.00 price objective for the company in a research report on Wednesday, October 15th. Finally, 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. Five investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Strong Buy” and an average price target of $186.00.

Thomson Reuters Trading Down 18.2%

The company has a market cap of $39.66 billion, a PE ratio of 22.92 and a beta of 0.80. The company’s 50-day moving average price is $128.33. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.11.

Thomson Reuters (NASDAQ:TRI) last announced its earnings results on Tuesday, November 4th. The company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.04. Thomson Reuters had a net margin of 23.82% and a return on equity of 14.27%. The business had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.77 billion.

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.