Thomson Reuters Corp (NASDAQ:TRI) Receives $186.00 Average Price Target from Analysts

Shares of Thomson Reuters Corp (NASDAQ:TRI) have earned an average rating of “Strong Buy” from the eight research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, two have assigned a buy rating and five have assigned a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $186.00.

A number of brokerages have commented on TRI. Weiss Ratings reiterated a “hold (c)” rating on shares of Thomson Reuters in a research report on Monday, December 29th. Huber Research upgraded Thomson Reuters to a “strong-buy” rating in a research note on Monday, October 20th. The Goldman Sachs Group raised Thomson Reuters from a “hold” rating to a “buy” rating and set a $186.00 target price for the company in a research report on Wednesday, October 15th. Finally, Canaccord Genuity Group raised shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th.

Thomson Reuters Price Performance

NASDAQ TRI opened at $126.53 on Friday. The stock has a fifty day moving average of $133.16. Thomson Reuters has a 52-week low of $125.80 and a 52-week high of $218.42. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.11. The firm has a market cap of $56.29 billion, a price-to-earnings ratio of 32.53 and a beta of 0.80.

Thomson Reuters (NASDAQ:TRI) last released its earnings results on Tuesday, November 4th. The company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.04. Thomson Reuters had a net margin of 23.82% and a return on equity of 14.27%. The business had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.77 billion.

Thomson Reuters Company Profile

Thomson Reuters is a global provider of information and technology solutions for professional markets, including financial services, legal, tax and accounting, and media industries. The company delivers a range of data, analytics and software tools designed to help customers make informed decisions, manage risk and stay compliant with evolving regulations. Its key offerings include the Eikon financial data platform, Westlaw legal research service, Checkpoint tax and accounting solution, and Reuters News, which supplies real‐time journalism to media organizations worldwide.

Formed in 2008 through the merger of Canada’s Thomson Corporation (founded in 1934) and the UK’s Reuters Group (established in 1851), Thomson Reuters has built on a legacy of journalistic integrity and information innovation.