Nomura Securities Maintains a 'Neutral' on Thomson Reuters (TRI); Slow Growth But No Deterioration
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Price: $34.95 --0%
Rating Summary:
4 Buy, 5 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Rating Summary:
4 Buy, 5 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Trade TRI Now!
Nomura Securities maintains a 'Neutral' on Thomson Reuters (NYSE: TRI) price target of $30.00.
Analyst, Matthew Walker, said, "We are holding our estimate for 2012 organic growth at 0.8% vs 1.0% previously. For 2013e, our growth has been cut more severely due to Financial. Net sales continue to be negative and there is a 12-month lead time for this to flow through. Overall Q2 organic growth was 1%, in line with our forecast. However, the mix was slightly different. We have raised EPS for 2012e from USD 1.98 to USD 2.04 and for 2013e from USD 2.16 to USD 2.19. The P/E multiple has declined from over 14x to 13.7x for 2012e and 12.8x for 2013e. This is still a premium to most publishers but leverage is fairly low at 1.4x net debt/EBITDA, allowing room for acquisitions."
For an analyst ratings summary and ratings history on Thomson Reuters click here. For more ratings news on Thomson Reuters click here.
Shares of Thomson Reuters closed at $28.31 yesterday, with a 52 week range of $25.28-$34.81.
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Analyst, Matthew Walker, said, "We are holding our estimate for 2012 organic growth at 0.8% vs 1.0% previously. For 2013e, our growth has been cut more severely due to Financial. Net sales continue to be negative and there is a 12-month lead time for this to flow through. Overall Q2 organic growth was 1%, in line with our forecast. However, the mix was slightly different. We have raised EPS for 2012e from USD 1.98 to USD 2.04 and for 2013e from USD 2.16 to USD 2.19. The P/E multiple has declined from over 14x to 13.7x for 2012e and 12.8x for 2013e. This is still a premium to most publishers but leverage is fairly low at 1.4x net debt/EBITDA, allowing room for acquisitions."
For an analyst ratings summary and ratings history on Thomson Reuters click here. For more ratings news on Thomson Reuters click here.
Shares of Thomson Reuters closed at $28.31 yesterday, with a 52 week range of $25.28-$34.81.
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TRI overvalued
Sugiarto Setiabudi on Aug 1, 2012 01:36 PMMark as Spam | Reply to this comment
The current price is not justified by its earning outlook.
Big debt and profit from selling asset.
TRI equity drop dramatically every year.
.