Thomson Reuters (TSE:TRI) Stock Price Down 5.4% – Here’s What Happened

Shares of Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) fell 5.4% during trading on Tuesday . The stock traded as low as C$140.80 and last traded at C$143.18. 277,715 shares changed hands during trading, a decline of 71% from the average session volume of 952,092 shares. The stock had previously closed at C$151.39.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TRI. Royal Bank Of Canada upgraded shares of Thomson Reuters from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, February 10th. BMO Capital Markets lowered their price objective on Thomson Reuters from C$275.00 to C$165.00 in a research report on Friday, February 6th. TD Securities cut their target price on 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. National Bank Financial decreased their price target on Thomson Reuters from C$190.00 to C$175.00 and set an “outperform” rating for the company in a research note on Sunday, February 8th. Finally, Canadian Imperial Bank of Commerce lowered their price target on 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. Five analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$181.83.

Thomson Reuters Stock Down 6.3%

The company has a current ratio of 0.64, a quick ratio of 0.52 and a debt-to-equity ratio of 17.82. The stock has a market cap of C$63.12 billion, a P/E ratio of 42.59, a PEG ratio of 3.64 and a beta of -0.02. The company’s 50 day moving average price is C$149.20 and its two-hundred day moving average price is C$188.51.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its quarterly earnings data on Thursday, February 5th. The company reported C$1.47 EPS for the quarter. The firm had revenue of C$2.76 billion during the quarter. Thomson Reuters had a return on equity of 12.42% and a net margin of 20.16%. Equities analysts forecast that Thomson Reuters Co. 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.