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

Thomson Reuters Corp (NASDAQ:TRI) has been given an average recommendation of “Strong Buy” by the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, two have given a buy recommendation and five have issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $186.00.

TRI has been the topic of a number of research analyst reports. Canaccord Genuity Group upgraded shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 5th. TD Securities upgraded Thomson Reuters from a “hold” rating to a “buy” rating in a research note on Thursday, August 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Thomson Reuters in a research report on Monday. The Goldman Sachs Group upgraded Thomson Reuters from a “hold” rating to a “buy” rating and set a $186.00 price target for the company in a report on Wednesday, October 15th. Finally, Huber Research raised shares of Thomson Reuters to a “strong-buy” rating in a research report on Monday, October 20th.

Thomson Reuters Stock Performance

Shares of NASDAQ TRI opened at $133.05 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.61 and a current ratio of 0.61. The firm has a market cap of $59.19 billion, a price-to-earnings ratio of 34.20 and a beta of 0.80. The firm’s 50-day moving average is $141.47. Thomson Reuters has a 52 week low of $128.16 and a 52 week high of $218.42.

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

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.