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

Thomson Reuters Corp (NASDAQ:TRI) reached a new 52-week low during trading on Friday . The company traded as low as $78.15 and last traded at $79.4310, with a volume of 164793 shares trading hands. The stock had previously closed at $80.25.

Analyst Ratings Changes

A number of research analysts have commented on TRI shares. Wells Fargo & Company lifted their price objective on shares of Thomson Reuters from $87.00 to $97.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. UBS Group set a $185.74 price objective on shares of Thomson Reuters and gave the company a “buy” rating in a research note on Thursday, April 23rd. TD Securities restated a “buy” rating on shares of Thomson Reuters in a research note on Wednesday, May 6th. Barclays restated an “overweight” rating and issued a $130.00 price objective (down from $170.00) on shares of Thomson Reuters in a research note on Friday, May 8th. Finally, Bank of America dropped their price objective on shares of Thomson Reuters from $115.00 to $98.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $144.84.

Thomson Reuters Trading Up 1.1%

The company has a debt-to-equity ratio of 0.11, a current ratio of 0.60 and a quick ratio of 0.60. The business’s 50 day moving average price is $88.63 and its 200-day moving average price is $105.46. The firm has a market capitalization of $35.37 billion, a price-to-earnings ratio of 23.57, a price-to-earnings-growth ratio of 1.22 and a beta of 0.77.

Thomson Reuters (NASDAQ:TRI) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.05. Thomson Reuters had a net margin of 19.93% and a return on equity of 14.99%. The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2 billion. During the same period in the previous year, the business posted $1.12 earnings per share. The business’s revenue was up 9.8% compared to the same quarter last year. Equities analysts forecast that Thomson Reuters Corp will post 4.44 EPS for the current fiscal year.

Thomson Reuters Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th were paid a dividend of $0.655 per share. This represents a $2.62 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Wednesday, May 20th. Thomson Reuters’s payout ratio is 76.16%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Penbrook Management LLC increased its stake in shares of Thomson Reuters by 0.4% during the fourth quarter. Penbrook Management LLC now owns 24,948 shares of the company’s stock worth $3,297,000 after acquiring an additional 100 shares during the period. Public Sector Pension Investment Board increased its stake in shares of Thomson Reuters by 0.8% during the second quarter. Public Sector Pension Investment Board now owns 13,098 shares of the company’s stock worth $2,629,000 after acquiring an additional 100 shares during the period. Evergreen Capital Management LLC grew its position in Thomson Reuters by 1.8% during the fourth quarter. Evergreen Capital Management LLC now owns 5,743 shares of the company’s stock worth $757,000 after buying an additional 101 shares during the period. Natixis Advisors LLC grew its position in Thomson Reuters by 0.6% during the third quarter. Natixis Advisors LLC now owns 16,424 shares of the company’s stock worth $2,551,000 after buying an additional 103 shares during the period. Finally, Syon Capital LLC grew its position in Thomson Reuters by 2.9% during the third quarter. Syon Capital LLC now owns 4,585 shares of the company’s stock worth $712,000 after buying an additional 129 shares during the period. 17.31% of the stock is currently owned by institutional investors and hedge funds.

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.