Thomson Reuters (NYSE:TRI) Hits New 52-Week Low – Here’s What Happened

Thomson Reuters Co. (NYSE:TRI) (TSE:TRI)’s share price reached a new 52-week low during trading on Monday . The company traded as low as $135.53 and last traded at $135.7910, with a volume of 123546 shares. The stock had previously closed at $137.57.

Analyst Ratings Changes

A number of brokerages have weighed in on TRI. Scotiabank reissued an “outperform” rating and set a $189.00 price target (down previously from $200.00) on shares of Thomson Reuters in a research report on Wednesday. TD Securities raised Thomson Reuters from a “hold” rating to a “buy” rating and increased their price target for the stock from $275.00 to $285.00 in a research report on Thursday, August 28th. Wells Fargo & Company upgraded shares of Thomson Reuters from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $187.00 to $212.00 in a research report on Tuesday, September 9th. Morgan Stanley set a $172.00 price target on shares of Thomson Reuters in a research note on Tuesday, November 4th. Finally, Canaccord Genuity Group set a $174.00 price target on Thomson Reuters and gave the company a “buy” rating in a research note on Tuesday, November 4th. Ten investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $195.27.

Thomson Reuters Trading Down 1.8%

The stock’s 50 day moving average is $160.16 and its two-hundred day moving average is $180.78. The company has a market capitalization of $60.35 billion, a PE ratio of 27.59, a price-to-earnings-growth ratio of 5.67 and a beta of 0.74. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings results on Tuesday, November 4th. The business services provider reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.04. The business had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The company’s revenue was up 3.4% compared to the same quarter last year. During the same period last year, the business earned $0.80 EPS. Thomson Reuters has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 18th will be given a $0.595 dividend. This represents a $2.38 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Tuesday, November 18th. Thomson Reuters’s dividend payout ratio (DPR) is presently 61.18%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Cullen Frost Bankers Inc. lifted its stake in shares of Thomson Reuters by 772.2% during the first quarter. Cullen Frost Bankers Inc. now owns 157 shares of the business services provider’s stock worth $27,000 after buying an additional 139 shares during the period. Curio Wealth LLC raised its stake in Thomson Reuters by 16,200.0% in the 2nd quarter. Curio Wealth LLC now owns 163 shares of the business services provider’s stock worth $33,000 after acquiring an additional 162 shares during the last quarter. Westside Investment Management Inc. acquired a new stake in Thomson Reuters during the 2nd quarter worth about $34,000. Ameritas Advisory Services LLC purchased a new stake in Thomson Reuters during the 2nd quarter valued at about $37,000. Finally, AlphaCore Capital LLC acquired a new position in shares of Thomson Reuters in the second quarter valued at about $39,000. Institutional investors and hedge funds own 17.31% of the company’s stock.

About Thomson Reuters

Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.