Thomson Reuters (NYSE:TRI) Hits New 1-Year Low – What’s Next?

Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) shares hit a new 52-week low on Tuesday . The company traded as low as $147.18 and last traded at $149.0890, with a volume of 241834 shares trading hands. The stock had previously closed at $155.72.

Analyst Ratings Changes

A number of equities research analysts have weighed in on TRI shares. CIBC set a $198.00 price target on shares of Thomson Reuters and gave the company an “outperform” rating in a research report on Wednesday, October 29th. Royal Bank Of Canada dropped their price target on shares of Thomson Reuters from $208.00 to $182.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 29th. Morgan Stanley dropped their price target on shares of Thomson Reuters from $197.00 to $187.00 and set an “equal weight” rating for the company in a research report on Thursday, September 11th. Canaccord Genuity Group lifted their price target on shares of Thomson Reuters from $181.00 to $182.00 and gave the company a “hold” rating in a research report on Thursday, August 7th. Finally, Wells Fargo & Company upgraded shares of Thomson Reuters from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $187.00 to $212.00 in a research report on Tuesday, September 9th. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Thomson Reuters has a consensus rating of “Moderate Buy” and an average target price of $200.00.

Thomson Reuters Stock Down 5.5%

The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The stock has a market cap of $65.74 billion, a price-to-earnings ratio of 30.06, a PEG ratio of 5.67 and a beta of 0.74. The business’s fifty day moving average is $162.93 and its two-hundred day moving average is $181.90.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings results on Wednesday, August 6th. The business services provider reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.04. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the previous year, the firm earned $0.85 earnings per share. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. Equities analysts forecast that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd acquired a new stake in Thomson Reuters during the 1st quarter worth approximately $626,000. Goldman Sachs Group Inc. increased its position in Thomson Reuters by 36.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,588,508 shares of the business services provider’s stock worth $274,462,000 after purchasing an additional 421,279 shares in the last quarter. Stratos Wealth Partners LTD. acquired a new stake in Thomson Reuters during the 2nd quarter worth approximately $2,495,000. Cidel Asset Management Inc. increased its position in Thomson Reuters by 2.4% during the 2nd quarter. Cidel Asset Management Inc. now owns 129,042 shares of the business services provider’s stock worth $25,897,000 after purchasing an additional 3,073 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its position in Thomson Reuters by 962.0% during the 2nd quarter. Allianz Asset Management GmbH now owns 103,800 shares of the business services provider’s stock worth $20,831,000 after purchasing an additional 94,026 shares in the last quarter. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Thomson Reuters Company Profile

Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.