Thomson Reuters Corp (NASDAQ:TRI) Given Consensus Rating of “Buy” by Brokerages

Shares of Thomson Reuters Corp (NASDAQ:TRI) have received an average recommendation of “Buy” from the nine ratings firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, three have given a buy recommendation and five have assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $186.00.

A number of equities research analysts recently issued reports on TRI shares. Huber Research upgraded shares of Thomson Reuters to a “strong-buy” rating in a report on Monday, October 20th. Royal Bank Of Canada raised shares of Thomson Reuters from a “hold” rating to a “moderate buy” rating in a research note on Tuesday. The Goldman Sachs Group raised Thomson Reuters from a “hold” rating to a “buy” rating and set a $186.00 price target for the company in a research report on Wednesday, October 15th. Weiss Ratings restated a “hold (c)” rating on shares of Thomson Reuters in a research note on Monday, December 29th. Finally, Canaccord Genuity Group upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th.

Thomson Reuters Stock Down 0.2%

TRI stock opened at $89.04 on Thursday. The firm has a market capitalization of $39.62 billion, a PE ratio of 26.74 and a beta of 0.79. The company has a quick ratio of 0.61, a current ratio of 0.64 and a debt-to-equity ratio of 0.11. Thomson Reuters has a 52-week low of $85.02 and a 52-week high of $218.42. The business’s fifty day simple moving average is $122.20.

Thomson Reuters (NASDAQ:TRI) last released its earnings results on Thursday, February 5th. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.01. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.01 billion. Thomson Reuters had a return on equity of 14.51% and a net margin of 20.09%.

About Thomson Reuters

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.