Thomson Reuters (TSE:TRI) Reaches New 1-Year Low - Here's Why

Key Points

• Thomson Reuters' stock reached a new 52-week low of C$209.97 on Thursday, trading at C$210.34 by the end of the day.
• Despite the recent dip in stock price, analysts remain optimistic, with ratings including three "Strong Buy" and three "Buy" from various financial institutions.
• The company announced a quarterly dividend of $0.595, equating to an annualized dividend yield of 1.1% and a payout ratio of 62.71%.

Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI's stock price hit a new 52-week low on Thursday . The company traded as low as C$209.97 and last traded at C$210.34, with a volume of 145755 shares traded. The stock had previously closed at C$211.75.

Wall Street Analyst Weigh In

TRI has been the subject of a number of recent research reports. National Bankshares increased their price target on shares of Thomson Reuters from C$286.00 to C$300.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Scotiabank upgraded shares of Thomson Reuters from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 6th. TD Securities raised shares of Thomson Reuters from a "hold" rating to a "buy" rating and increased their price objective for the company from C$275.00 to C$285.00 in a research note on Thursday, August 28th. Cibc World Mkts raised shares of Thomson Reuters from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 19th. Finally, Wells Fargo & Company raised shares of Thomson Reuters from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, September 9th. Three research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of C$265.80.

Thomson Reuters Trading Down 0.6%

The company has a quick ratio of 0.52, a current ratio of 0.94 and a debt-to-equity ratio of 24.28. The business's 50 day moving average is C$235.58 and its 200-day moving average is C$253.44. The firm has a market cap of C$94.86 billion, a P/E ratio of 58.14, a price-to-earnings-growth ratio of 3.64 and a beta of 0.33.

Thomson Reuters Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Tuesday, August 19th were paid a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.1%. Thomson Reuters's dividend payout ratio (DPR) is presently 62.71%.

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.

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