TD Securities Lowers Thomson Reuters (TSE:TRI) Price Target to C$175.00

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its target price dropped by analysts at TD Securities from C$285.00 to C$175.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price target points to a potential upside of 46.70% from the company’s current price.

Several other research analysts also recently issued reports on the stock. Canaccord Genuity Group upgraded shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. Huber Research raised Thomson Reuters to a “strong-buy” rating in a report on Monday, October 20th. BMO Capital Markets cut their price target on Thomson Reuters from C$275.00 to C$165.00 in a research note on Friday. The Goldman Sachs Group upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Finally, National Bankshares dropped their price objective on shares of Thomson Reuters from C$300.00 to C$190.00 and set an “outperform” rating for the company in a report on Monday. Five research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$184.33.

Thomson Reuters Price Performance

Shares of TRI stock traded down C$1.66 on Friday, reaching C$119.29. The company had a trading volume of 951,785 shares, compared to its average volume of 755,021. The stock has a market capitalization of C$53.07 billion, a PE ratio of 30.67, a price-to-earnings-growth ratio of 3.64 and a beta of -0.02. The company has a quick ratio of 0.52, a current ratio of 0.94 and a debt-to-equity ratio of 24.28. Thomson Reuters has a one year low of C$116.21 and a one year high of C$299.24. The business’s 50-day moving average is C$173.36 and its 200 day moving average is C$209.53.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its quarterly earnings results on Thursday, February 5th. The company reported C$1.47 earnings per share (EPS) for the quarter. The company had revenue of C$2.76 billion for the quarter. Thomson Reuters had a net margin of 32.12% and a return on equity of 20.19%. Equities research analysts forecast that Thomson Reuters will post 5.6395803 EPS for the current fiscal year.

Thomson Reuters Company Profile

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.