Thomson Reuters (TSE:TRI) Reaches New 52-Week Low – Should You Sell?

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI)’s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$109.20 and last traded at C$109.50, with a volume of 460284 shares traded. The stock had previously closed at C$113.99.

Analysts Set New Price Targets

Several research firms have recently weighed in on TRI. Canadian Imperial Bank of Commerce lowered their price objective on shares of Thomson Reuters from C$183.00 to C$140.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. BMO Capital Markets decreased their price target on shares of Thomson Reuters from C$275.00 to C$165.00 in a research note on Friday, February 6th. TD Securities cut their price objective on shares of Thomson Reuters from C$285.00 to C$175.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. 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 Bank Financial decreased their target price on Thomson Reuters from C$190.00 to C$175.00 and set an “outperform” rating for the company in a research report on Sunday, February 8th. Five analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Thomson Reuters presently has a consensus rating of “Buy” and an average price target of C$181.83.

Thomson Reuters Stock Performance

The company has a 50-day moving average of C$158.97 and a 200-day moving average of C$196.48. The company has a market cap of C$49.32 billion, a PE ratio of 33.29, a PEG ratio of 3.64 and a beta of -0.02. 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 quarterly earnings results on Thursday, February 5th. The company reported C$1.47 EPS for the quarter. The business had revenue of C$2.76 billion during the quarter. Thomson Reuters had a return on equity of 20.19% and a net margin of 32.12%. As a group, analysts anticipate that Thomson Reuters Co. will post 5.6395803 earnings per share 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.