Thomson Reuters (TSE:TRI) Lowered to Hold Rating by Wells Fargo & Company

Thomson Reuters (TSE:TRI) (NYSE:TRI) was downgraded by research analysts at Wells Fargo & Company from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other equities analysts have also weighed in on TRI. TD Securities cut their target price on shares of Thomson Reuters from C$285.00 to C$175.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Canadian Imperial Bank of Commerce reduced their price objective on Thomson Reuters from C$183.00 to C$140.00 and set an “outperform” rating on the stock in a research report on Friday, February 6th. National Bank Financial decreased their price objective on Thomson Reuters from C$190.00 to C$175.00 and set an “outperform” rating on the stock in a report on Sunday, February 8th. Royal Bank Of Canada upgraded shares of Thomson Reuters from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, February 10th. Finally, BMO Capital Markets reduced their price target on Thomson Reuters from C$275.00 to C$165.00 in a research note on Friday, February 6th. Four equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$181.83.

Thomson Reuters Stock Down 2.4%

Shares of Thomson Reuters stock opened at C$125.00 on Monday. The stock’s 50-day moving average is C$139.78 and its 200 day moving average is C$180.60. The firm has a market cap of C$55.48 billion, a price-to-earnings ratio of 37.54, a PEG ratio of 3.64 and a beta of -0.02. The company has a debt-to-equity ratio of 17.82, a current ratio of 0.64 and a quick ratio of 0.52. Thomson Reuters has a one year low of C$109.20 and a one year high of C$299.24.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last released its quarterly earnings data on Thursday, February 5th. The company reported C$1.47 EPS for the quarter. The firm had revenue of C$2.76 billion during the quarter. Thomson Reuters had a return on equity of 12.37% and a net margin of 20.09%. Equities research analysts anticipate that Thomson Reuters 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.