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

Thomson Reuters Corp (NASDAQ:TRI) has earned a consensus recommendation of “Strong Buy” from the eight research firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and five have given a strong buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $186.00.

TRI has been the topic of a number of analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Thomson Reuters in a research note on Monday, December 29th. Canaccord Genuity Group raised shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 5th. Huber Research raised shares of Thomson Reuters to a “strong-buy” rating in a research report on Monday, October 20th. Finally, The Goldman Sachs Group upgraded shares of Thomson Reuters from a “hold” rating to a “buy” rating and set a $186.00 price objective on the stock in a research note on Wednesday, October 15th.

Thomson Reuters Price Performance

Shares of NASDAQ TRI opened at $93.56 on Thursday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.61 and a quick ratio of 0.61. The firm has a 50-day moving average of $126.69. The company has a market cap of $41.63 billion, a PE ratio of 24.05 and a beta of 0.79. Thomson Reuters has a fifty-two week low of $86.42 and a fifty-two week high of $218.42.

Thomson Reuters (NASDAQ:TRI) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.81 by $0.04. The firm had revenue of $1.78 billion during the quarter, compared to analysts’ expectations 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.