Thomson Reuters (TSE:TRI) Share Price Passes Below Two Hundred Day Moving Average - Here's Why

Key Points

• Share price breach: Thomson Reuters passed below its 200-day moving average (C$188.51), trading as low as C$148.66 and last at C$151.39 on heavy volume.
• Analyst revisions: Several firms cut price targets (TD, BMO, CIBC, National Bank) — with lows around C$140 — although RBC raised its rating; the consensus remains a "Buy" with an average target of C$181.83.
• Key fundamentals: Market cap C$67.37B, P/E 45.46, recent quarter EPS C$1.47 on C$2.76B revenue, and relatively tight liquidity (quick ratio 0.52, current ratio 0.64).

Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$188.51 and traded as low as C$148.66. Thomson Reuters shares last traded at C$151.39, with a volume of 1,031,404 shares trading hands.

Analysts Set New Price Targets

TRI has been the subject of several research analyst reports. TD Securities cut their price objective on Thomson Reuters from C$285.00 to C$175.00 and set a "buy" rating for the company in a report on Friday, February 6th. National Bank Financial lowered their target price 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. Canadian Imperial Bank of Commerce dropped their target price 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. BMO Capital Markets cut their price target on Thomson Reuters from C$275.00 to C$165.00 in a research note on Friday, February 6th. Finally, Royal Bank Of Canada raised shares of Thomson Reuters from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, February 10th. Five analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Thomson Reuters presently has a consensus rating of "Buy" and an average price target of C$181.83.

Thomson Reuters Stock Performance

The company has a debt-to-equity ratio of 17.82, a quick ratio of 0.52 and a current ratio of 0.64. The stock has a market cap of C$67.37 billion, a P/E ratio of 45.46, a P/E/G ratio of 3.64 and a beta of -0.02. The business's 50-day moving average price is C$149.20 and its 200-day moving average price is C$188.51.

Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI last announced its earnings results on Thursday, February 5th. The company reported C$1.47 EPS for the quarter. The company had revenue of C$2.76 billion for the quarter. Thomson Reuters had a return on equity of 12.42% and a net margin of 20.08%. As a group, sell-side analysts expect that Thomson Reuters Co. will post 5.6395803 earnings per share 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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