National Bankshares Issues Pessimistic Forecast for Thomson Reuters (TSE:TRI) Stock Price

Key Points

• National Bankshares cut its price target for Thomson Reuters from C$300 to C$190 while maintaining an "outperform" rating, a level that implies roughly a 26.9% upside from the stock's previous close.
• Analyst consensus remains a Strong Buy with a mean price target of C$243.80 and most firms rating the stock as Buy/Strong Buy despite the recent target reduction.
• Thomson Reuters is trading around C$149.70 (near its 12‑month low versus a C$299.24 high), reported Q EPS of C$0.85, and carries a P/E of about 38.5, highlighting a split between current market price and analyst valuations.

Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI had its price target dropped by equities researchers at National Bankshares from C$300.00 to C$190.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. National Bankshares' price objective indicates a potential upside of 26.92% from the stock's previous close.

A number of other research analysts also recently commented on the stock. Canaccord Genuity Group raised shares of Thomson Reuters from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, November 5th. The Goldman Sachs Group raised shares of Thomson Reuters from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 15th. Finally, Huber Research upgraded Thomson Reuters to a "strong-buy" rating in a report on Monday, October 20th. Six investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Thomson Reuters currently has an average rating of "Strong Buy" and a consensus price target of C$243.80.

Thomson Reuters Stock Down 0.5%

TSE TRI traded down C$0.75 on Monday, reaching C$149.70. 298,682 shares of the stock traded hands, compared to its average volume of 497,482. Thomson Reuters has a 12 month low of C$149.35 and a 12 month high of C$299.24. The company has a market cap of C$66.59 billion, a price-to-earnings ratio of 38.48, a PEG ratio of 3.64 and a beta of 0.14. The company has a fifty day moving average price of C$177.95 and a 200-day moving average price of C$212.84. The company has a debt-to-equity ratio of 24.28, a quick ratio of 0.52 and a current ratio of 0.94.

Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI last announced its quarterly earnings results on Tuesday, November 4th. The company reported C$0.85 EPS for the quarter. The firm had revenue of C$2.48 billion for the quarter. Thomson Reuters had a return on equity of 20.19% and a net margin of 32.12%. As a group, research analysts forecast that Thomson Reuters will post 5.6395803 EPS for the current fiscal 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.

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