BMO Capital Markets Lowers Thomson Reuters (TSE:TRI) Price Target to C$165.00

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its price target lowered by stock analysts at BMO Capital Markets from C$275.00 to C$165.00 in a research note issued to investors on Friday,BayStreet.CA reports. BMO Capital Markets’ target price would indicate a potential upside of 38.32% from the stock’s previous close.

Several other equities research analysts also recently issued reports on the stock. The Goldman Sachs Group raised shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Huber Research upgraded Thomson Reuters to a “strong-buy” rating in a research note on Monday, October 20th. Canaccord Genuity Group upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 5th. Finally, National Bankshares reduced their price target on Thomson Reuters from C$300.00 to C$190.00 and set an “outperform” rating for the company in a report on Monday. Five research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$184.33.

Thomson Reuters Stock Down 1.4%

Shares of TSE:TRI traded down C$1.66 during mid-day trading on Friday, hitting C$119.29. 951,785 shares of the company traded hands, compared to its average volume of 755,021. The firm’s 50 day simple moving average is C$173.36 and its 200 day simple moving average is C$209.53. The firm has a market cap of C$53.07 billion, a P/E ratio of 30.67, a PEG ratio of 3.64 and a beta of -0.02. The company has a debt-to-equity ratio of 24.28, a quick ratio of 0.52 and a current ratio of 0.94. Thomson Reuters has a 52-week low of C$116.21 and a 52-week high of C$299.24.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its quarterly earnings data on Thursday, February 5th. The company reported C$1.47 earnings per share (EPS) for the quarter. The company had revenue of C$2.76 billion during the quarter. Thomson Reuters had a net margin of 32.12% and a return on equity of 20.19%. On average, equities analysts anticipate that Thomson Reuters 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.