Thomson Reuters Corp (NASDAQ:TRI) Given Average Recommendation of “Buy” by Analysts

Shares of Thomson Reuters Corp (NASDAQ:TRI) have received a consensus recommendation of “Buy” from the nine brokerages that are covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating, three have issued a buy rating and five have issued a strong buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $186.00.

Several equities research analysts recently commented on the stock. Royal Bank Of Canada upgraded shares of Thomson Reuters from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, February 10th. Canaccord Genuity Group raised shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Thomson Reuters in a research report on Monday, December 29th.

Thomson Reuters Stock Performance

NASDAQ TRI opened at $96.41 on Monday. The business has a 50 day moving average price of $111.93 and a 200 day moving average price of $138.86. The company has a market capitalization of $42.90 billion, a P/E ratio of 28.95, a PEG ratio of 1.44 and a beta of 0.81. Thomson Reuters has a 1-year low of $79.71 and a 1-year high of $218.42. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.64 and a quick ratio of 0.61.

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