Thomson Reuters (NASDAQ:TRI) Upgraded by Royal Bank Of Canada to “Moderate Buy” Rating

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

Several other analysts also recently weighed in on the company. Canaccord Genuity Group upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 5th. 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 on the stock in a research report on Wednesday, October 15th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Thomson Reuters in a research report on Monday, December 29th. Five investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Thomson Reuters presently has a consensus rating of “Buy” and a consensus price target of $186.00.

Thomson Reuters Stock Up 1.7%

TRI opened at $90.86 on Tuesday. The firm’s 50 day moving average price is $123.10. Thomson Reuters has a 52-week low of $85.02 and a 52-week 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. The stock has a market capitalization of $40.43 billion, a price-to-earnings ratio of 27.29 and a beta of 0.80.

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