Thomson Reuters (NASDAQ:TRI) Stock Price Down 5.5% – Time to Sell?

Thomson Reuters Corp (NASDAQ:TRI)’s stock price dropped 5.5% during trading on Tuesday . The company traded as low as $103.72 and last traded at $105.3470. Approximately 879,886 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 2,836,112 shares. The stock had previously closed at $111.52.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TRI. Royal Bank Of Canada upgraded Thomson Reuters from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, February 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Thomson Reuters in a report on Monday, December 29th. Five research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $186.00.

Thomson Reuters Stock Performance

The company has a market capitalization of $45.98 billion, a price-to-earnings ratio of 31.05, a price-to-earnings-growth ratio of 1.66 and a beta of 0.81. The firm has a fifty day simple moving average of $108.80 and a 200 day simple moving average of $136.07. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.64 and a quick ratio of 0.64.

Thomson Reuters (NASDAQ:TRI) last posted its quarterly earnings results on Thursday, February 5th. The company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. The company had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.01 billion. Thomson Reuters had a return on equity of 14.51% and a net margin of 20.09%.

Thomson Reuters Company Profile

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.