National Bankshares Has Lowered Expectations for Thomson Reuters (TSE:TRI) Stock Price

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its target price lowered by equities researchers at National Bankshares from C$190.00 to C$175.00 in a research note issued to investors on Sunday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price target would suggest a potential upside of 44.38% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. BMO Capital Markets dropped their price target on shares of Thomson Reuters from C$275.00 to C$165.00 in a research report on Friday. Huber Research upgraded shares of Thomson Reuters to a “strong-buy” rating in a report on Monday, October 20th. The Goldman Sachs Group upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. TD Securities dropped their price objective on Thomson Reuters from C$285.00 to C$175.00 and set a “buy” rating for the company in a research note on Friday. Finally, Canaccord Genuity Group raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 5th. Five analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$175.86.

Thomson Reuters Stock Performance

Thomson Reuters stock opened at C$121.21 on Friday. The firm has a 50 day simple moving average of C$170.66 and a 200-day simple moving average of C$206.36. The stock has a market cap of C$53.94 billion, a price-to-earnings ratio of 36.40, a price-to-earnings-growth ratio of 3.64 and a beta of -0.02. The company has a debt-to-equity ratio of 24.28, a current ratio of 0.94 and a quick ratio of 0.52. Thomson Reuters has a 1-year low of C$116.21 and a 1-year high of C$299.24.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its quarterly earnings data on Thursday, February 5th. The company reported C$1.47 earnings per share for the quarter. The company 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%. On average, analysts expect that Thomson Reuters will post 5.6395803 EPS for the current year.

Thomson Reuters Company Profile

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.