Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $42.40 on Thomson Reuters Corp (NYSE:TRI) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.01 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Thomson Reuters Corp (NYSE:TRI) stands at 24.83.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Thomson Reuters Corp Ordinary S, the PEG ratio for coming 3-5 years is 1.83.
The technical analysis highlights that Thomson Reuters Corp Ordinary S current is trading $0.03 points away or +0.08% from its 50-day moving average of $41.71. Further it is trading $1.72 or +4.29% away its 200-day moving average of $40.02.
The 52-week high of Thomson Reuters Corp (NYSE:TRI) was $43.68 while lowest point recorded in 52-week was $33.96. It implies if stock price makes a movement of over $-1.94, it will record a new 52-week high. In the case of +22.91% drop, it will touch a new 52-week low.
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