Thomson Reuters (NYSE:TRI) Reaches New 12-Month Low – What’s Next?

Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $125.97 and last traded at $126.2740, with a volume of 195186 shares. The stock had previously closed at $128.91.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on TRI shares. CIBC set a $198.00 price objective on shares of Thomson Reuters and gave the company an “outperform” rating in a report on Wednesday, October 29th. Canaccord Genuity Group set a $174.00 price objective on Thomson Reuters and gave the company a “buy” rating in a research note on Tuesday, November 4th. BMO Capital Markets restated an “outperform” rating on shares of Thomson Reuters in a report on Wednesday, November 5th. Royal Bank Of Canada cut their target price on Thomson Reuters from $208.00 to $182.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 29th. Finally, Huber Research raised shares of Thomson Reuters to an “overweight” rating in a research report on Monday, October 20th. Ten research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $194.64.

Thomson Reuters Price Performance

The company has a market capitalization of $56.28 billion, a P/E ratio of 25.79, a price-to-earnings-growth ratio of 5.67 and a beta of 0.80. The business’s 50-day moving average is $133.57 and its two-hundred day moving average is $161.67. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings data on Tuesday, November 4th. The business services provider reported $0.85 EPS for the quarter, beating the consensus estimate of $0.81 by $0.04. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The firm had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same quarter last year, the business posted $0.80 EPS. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. As a group, analysts predict that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 18th were paid a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Tuesday, November 18th. Thomson Reuters’s payout ratio is presently 61.18%.

Institutional Trading of Thomson Reuters

Several hedge funds have recently added to or reduced their stakes in the stock. Curio Wealth LLC grew its position in shares of Thomson Reuters by 16,200.0% during the 2nd quarter. Curio Wealth LLC now owns 163 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 162 shares during the period. Westside Investment Management Inc. purchased a new position in Thomson Reuters in the second quarter valued at approximately $34,000. Ameritas Advisory Services LLC purchased a new position in Thomson Reuters in the second quarter valued at approximately $37,000. AlphaCore Capital LLC purchased a new stake in Thomson Reuters in the second quarter worth $39,000. Finally, Cullen Frost Bankers Inc. increased its position in Thomson Reuters by 50.0% in the third quarter. Cullen Frost Bankers Inc. now owns 249 shares of the business services provider’s stock worth $39,000 after buying an additional 83 shares during the last quarter. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Company Profile

Thomson Reuters (NYSE: TRI) is a multinational information and media company that provides content, technology and services to professionals in the legal, tax & accounting, compliance, risk, corporate and media sectors. Headquartered in Toronto, Canada, the company combines news and editorial content from the Reuters news agency with specialist workflow platforms and databases designed to support decision-making and regulatory compliance across industries worldwide.

The company’s product portfolio spans legal research and workflow tools, tax and accounting software, regulatory and risk management solutions, and real-time news and data services.