Thomson Reuters (TSE:TRI) Stock Rating Upgraded by Royal Bank Of Canada

Thomson Reuters (TSE:TRI) (NYSE:TRI) was upgraded by investment analysts at Royal Bank Of Canada from a “hold” rating to a “moderate buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Other analysts have also recently issued reports about the company. The Goldman Sachs Group raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. National Bankshares cut their target price on shares of Thomson Reuters from C$190.00 to C$175.00 and set an “outperform” rating on the stock in a report on Sunday. Canadian Imperial Bank of Commerce cut their price target on Thomson Reuters from C$183.00 to C$140.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. CIBC World Markets reduced their price objective on shares of Thomson Reuters from C$183.00 to C$140.00 and set an “outperform” rating for the company in a research report on Saturday. Finally, Huber Research raised Thomson Reuters to a “strong-buy” rating in a report on Monday, October 20th. Five investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$175.86.

Thomson Reuters Stock Performance

TSE:TRI opened at C$123.17 on Tuesday. Thomson Reuters has a 12 month low of C$116.21 and a 12 month high of C$299.24. The firm has a market capitalization of C$54.81 billion, a PE ratio of 36.99, a price-to-earnings-growth ratio of 3.64 and a beta of -0.02. The company has a debt-to-equity ratio of 24.28, a current ratio of 0.94 and a quick ratio of 0.52. The business’s fifty day moving average price is C$169.40 and its 200 day moving average price is C$205.26.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its earnings results on Thursday, February 5th. The company reported C$1.47 earnings per share for the quarter. Thomson Reuters had a return on equity of 20.19% and a net margin of 32.12%.The business had revenue of C$2.76 billion for the quarter. On average, sell-side analysts anticipate that Thomson Reuters will post 5.6395803 earnings per share for the current fiscal year.

Thomson Reuters Company Profile

Thomson Reuters is the result of the $17.6 billion megamerger of Canada’s Thomson and the United Kingdom’s Reuters Group in 2008 and the 2018 carve-out of its finance and risk business, Refinitiv, in which it holds a 45% stake. In 2019, the company agreed to exchange its 45% stake in Refinitiv for a 15% stake in LSE. Since the divestiture, the company is more concentrated on selling its flagship legal data and software, WestLaw, and its tax accounting software, OneSource. In addition, the company does hold a significant investment in the publicly traded Tradeweb, which operates a fixed income exchange.