Thomson Reuters (NASDAQ:TRI) Shares Gap Down – Time to Sell?

Thomson Reuters Corp (NASDAQ:TRI)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $109.03, but opened at $96.90. Thomson Reuters shares last traded at $96.76, with a volume of 694,427 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Huber Research raised Thomson Reuters to a “strong-buy” rating in a report on Monday, October 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Thomson Reuters in a research note on Monday, December 29th. The Goldman Sachs Group raised Thomson Reuters from a “hold” rating to a “buy” rating and set a $186.00 price target for the company in a research report on Wednesday, October 15th. Finally, Canaccord Genuity Group upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. Five research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Strong Buy” and a consensus price target of $186.00.

Thomson Reuters Stock Down 18.2%

The stock has a market cap of $39.66 billion, a P/E ratio of 22.92 and a beta of 0.80. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.61 and a current ratio of 0.61. The company’s 50 day moving average is $128.33.

Thomson Reuters (NASDAQ:TRI) last issued its earnings results on Tuesday, November 4th. The company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.04. Thomson Reuters had a net margin of 23.82% and a return on equity of 14.27%. The firm had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.77 billion.

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.