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

Key Points

• Wells Fargo downgraded Thomson Reuters from a "strong-buy" to a "hold" in a research note issued Monday.
• Several other analysts cut price targets (National Bank, CIBC, TD, BMO) while Royal Bank of Canada raised its rating, yet the stock retains a consensus "Buy" with an average target of C$181.83.
• TRI opened at about C$125 with a market cap of C$55.48 billion, a P/E of 37.5, recent quarterly EPS of C$1.47 on C$2.76 billion revenue, and a 1‑year trading range of C$109.20–C$299.24.

Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI was downgraded by investment analysts at Wells Fargo & Company from a "strong-buy" rating to a "hold" rating in a research report issued on Monday,Zacks.com reports.

Other research analysts have also issued research reports about the stock. National Bank Financial decreased their target price on shares of Thomson Reuters from C$190.00 to C$175.00 and set an "outperform" rating on the stock in a research report on Sunday, February 8th. Canadian Imperial Bank of Commerce dropped their price target on shares of Thomson Reuters from C$183.00 to C$140.00 and set an "outperform" rating for the company in a research report on Friday, February 6th. Royal Bank Of Canada raised Thomson Reuters from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, February 10th. TD Securities cut their target price on 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. Finally, BMO Capital Markets dropped their price target on Thomson Reuters from C$275.00 to C$165.00 in a research note on Friday, February 6th. Four investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of C$181.83.

Thomson Reuters Stock Performance

TSE:TRI opened at C$125.00 on Monday. The stock has a 50 day simple moving average of C$139.78 and a 200 day simple moving average of C$180.60. The stock has a market cap of C$55.48 billion, a P/E ratio of 37.54, a PEG ratio of 3.64 and a beta of -0.02. Thomson Reuters has a 1-year low of C$109.20 and a 1-year high of C$299.24. The company has a current ratio of 0.64, a quick ratio of 0.52 and a debt-to-equity ratio of 17.82.

Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI last issued its quarterly earnings data on Thursday, February 5th. The company reported C$1.47 EPS for the quarter. Thomson Reuters had a return on equity of 12.37% and a net margin of 20.09%.The firm had revenue of C$2.76 billion for the quarter. Research analysts anticipate that Thomson Reuters will post 5.6395803 earnings per share 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.

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