Shares of Thomson Reuters Corp (TSE:TRI) (NYSE:TRI) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$49.26 and last traded at C$49.28, with a volume of 606379 shares trading hands. The stock had previously closed at C$50.41.
Separately, National Bank Financial cut Thomson Reuters from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from C$68.00 to C$60.00 in a research report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of C$62.25.
Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its quarterly earnings results on Thursday, February 8th. The company reported C$0.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.72 by C$0.05. The business had revenue of C$3.74 billion for the quarter, compared to analyst estimates of C$3.71 billion. Thomson Reuters had a return on equity of 8.57% and a net margin of 9.85%.
In related news, Director Linda Walker sold 9,690 shares of the business’s stock in a transaction on Monday, March 19th. The stock was sold at an average price of C$38.98, for a total value of C$377,716.20. Also, Director Priscilla C. Hughes sold 7,873 shares of the business’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of C$40.48, for a total value of C$318,699.04.
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About Thomson Reuters
Thomson Reuters Corporation provides news and information for professional markets worldwide. The company operates through three segments: Financial & Risk, Legal, and Tax & Accounting. It sells electronic content and services to professionals primarily on a subscription basis. The Financial & Risk segment offers critical news, information, and analytics enabling transactions and connecting communities of trading, investment, financial, and corporate professionals.
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