Thomson Reuters (NYSE:TRI) Hits New 12-Month Low – Time to Sell?

Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) shares reached a new 52-week low during mid-day trading on Monday . The stock 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 Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Wells Fargo & Company raised Thomson Reuters from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $187.00 to $212.00 in a research report on Tuesday, September 9th. TD Securities raised shares of Thomson Reuters from a “hold” rating to a “buy” rating and lifted their target price for the company from $275.00 to $285.00 in a report on Thursday, August 28th. Canaccord Genuity Group set a $174.00 price target on Thomson Reuters and gave the stock a “buy” rating in a report on Tuesday, November 4th. The Goldman Sachs Group set a $186.00 price target on Thomson Reuters and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Finally, Morgan Stanley set a $172.00 price objective on shares of Thomson Reuters in a research report on Tuesday, November 4th. Ten analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $195.27.

Thomson Reuters Stock Performance

The stock has a 50-day moving average price of $160.16 and a 200 day moving average price of $180.78. The firm has a market cap of $60.35 billion, a PE ratio of 27.59, a P/E/G ratio of 5.67 and a beta of 0.74. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings data on Tuesday, November 4th. The business services provider reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.04. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The company had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter in the prior year, the company posted $0.80 EPS. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. Thomson Reuters has set its FY 2025 guidance at EPS. Research analysts forecast that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Announces Dividend

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

Hedge Funds Weigh In On Thomson Reuters

Institutional investors have recently bought and sold shares of the business. TLT Family Holdco ULC acquired a new stake in shares of Thomson Reuters in the 2nd quarter valued at $865,442,000. LCC Family Corp. acquired a new position in Thomson Reuters during the second quarter valued at approximately $813,253,000. SEG Family Corp. bought a new stake in Thomson Reuters in the second quarter valued at approximately $659,930,000. Norges Bank bought a new position in Thomson Reuters during the second quarter worth about $275,036,000. Finally, TD Asset Management Inc grew its position in shares of Thomson Reuters by 15.7% in the 1st quarter. TD Asset Management Inc now owns 5,514,492 shares of the business services provider’s stock valued at $951,477,000 after purchasing an additional 750,063 shares during the period. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Company Profile

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.