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

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI)’s share price hit a new 52-week low on Tuesday . The stock traded as low as C$162.84 and last traded at C$163.49, with a volume of 109242 shares trading hands. The stock had previously closed at C$169.06.

Analyst Ratings Changes

A number of research firms recently issued reports on TRI. Huber Research raised Thomson Reuters to a “strong-buy” rating in a report on Monday, October 20th. Canaccord Genuity Group upgraded shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 5th. Finally, The Goldman Sachs Group upgraded shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Six equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Strong Buy” and an average price target of C$265.80.

Thomson Reuters Price Performance

The stock has a 50 day moving average of C$178.75 and a two-hundred day moving average of C$214.89. The company has a debt-to-equity ratio of 24.28, a quick ratio of 0.52 and a current ratio of 0.94. The stock has a market cap of C$67.59 billion, a PE ratio of 39.06, a PEG ratio of 3.64 and a beta of 0.14.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its quarterly earnings data on Tuesday, November 4th. The company reported C$0.85 EPS for the quarter. The company had revenue of C$2.48 billion during the quarter. Thomson Reuters had a net margin of 32.12% and a return on equity of 20.19%. Equities analysts anticipate that Thomson Reuters Co. 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.