Thomson Reuters (TSE:TRI) Upgraded at 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 report released on Tuesday,Zacks.com reports.

Other equities analysts also recently issued research reports about the stock. Huber Research upgraded shares of Thomson Reuters to a “strong-buy” rating in a report on Monday, October 20th. The Goldman Sachs Group upgraded shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. CIBC World Markets decreased their price target on shares of Thomson Reuters from C$183.00 to C$140.00 and set an “outperform” rating on the stock in a research note on Saturday. TD Securities reduced their target price on Thomson Reuters from C$285.00 to C$175.00 and set a “buy” rating for the company in a report on Friday, February 6th. Finally, National Bankshares lowered their price target on Thomson Reuters from C$190.00 to C$175.00 and set an “outperform” rating on the stock in a research note on Sunday. Five research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$175.86.

Thomson Reuters Price Performance

Shares of TRI opened at C$123.17 on Tuesday. 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 company’s fifty day moving average price is C$169.40 and its 200-day moving average price is C$205.26. Thomson Reuters has a 1-year low of C$116.21 and a 1-year 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.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its quarterly earnings results on Thursday, February 5th. The company reported C$1.47 EPS for the quarter. The company had revenue of C$2.76 billion during the quarter. Thomson Reuters had a return on equity of 20.19% and a net margin of 32.12%. On average, equities research analysts predict that Thomson Reuters will post 5.6395803 EPS for the current year.

About Thomson Reuters

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.