Thomson Reuters (TSE:TRI) Reaches New 1-Year Low - Should You Sell?

Key Points

• Thomson Reuters' share price hit a new 52-week low at C$219.43 before closing slightly higher at C$221.08, with over 180,000 shares traded.
• Recent analyst upgrades include multiple "strong-buy" ratings from firms like Wells Fargo, Scotiabank, and CIBC World Markets, indicating a favorable outlook on the stock despite its current decline.
• The company has announced a quarterly dividend of $0.595 per share, representing an annualized yield of 1.1% and a payout ratio of 62.71%.

Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI's share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$219.43 and last traded at C$221.08, with a volume of 180308 shares traded. The stock had previously closed at C$219.29.

Wall Street Analyst Weigh In

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

Thomson Reuters Stock Up 0.7%

The company has a market capitalization of C$99.54 billion, a P/E ratio of 61.01, a PEG ratio of 3.64 and a beta of 0.48. The company has a debt-to-equity ratio of 24.28, a quick ratio of 0.52 and a current ratio of 0.94. The stock has a 50 day moving average price of C$249.86 and a 200 day moving average price of C$255.88.

Thomson Reuters Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 19th were paid a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.1%. Thomson Reuters's payout ratio is 62.71%.

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.

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