Thomson Reuters (TSE:TRI) Reaches New 12-Month Low – Should You Sell?

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) shares reached a new 52-week low during trading on Thursday . The company traded as low as C$173.45 and last traded at C$173.76, with a volume of 292517 shares traded. The stock had previously closed at C$176.79.

Wall Street Analysts Forecast Growth

TRI has been the topic of a number of research analyst reports. Huber Research raised Thomson Reuters to a “strong-buy” rating in a report on Monday, October 20th. Canaccord Genuity Group upgraded shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 5th. Finally, The Goldman Sachs Group upgraded shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Six equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Thomson Reuters presently has an average rating of “Strong Buy” and an average target price of C$265.80.

Thomson Reuters Stock Down 2.1%

The business’s 50 day simple moving average is C$184.55 and its 200 day simple moving average is C$222.72. The company has a market capitalization of C$76.98 billion, a PE ratio of 44.48, a price-to-earnings-growth ratio of 3.64 and a beta of 0.14. 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 (TSE:TRI) (NYSE:TRI) last released its earnings results on Tuesday, November 4th. The company reported C$0.85 earnings per share for the quarter. The business had revenue of C$2.48 billion for the quarter. Thomson Reuters had a net margin of 32.12% and a return on equity of 20.19%. As a group, analysts forecast that Thomson Reuters Co. will post 5.6395803 EPS 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.