Thomson Reuters (NASDAQ:TRI) Sees Strong Trading Volume – Time to Buy?

Thomson Reuters Corp (NASDAQ:TRI) shares saw strong trading volume on Wednesday . 2,860,694 shares traded hands during mid-day trading, an increase of 13% from the previous session’s volume of 2,536,621 shares.The stock last traded at $98.65 and had previously closed at $90.09.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Canaccord Genuity Group raised shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Thomson Reuters in a report on Monday, December 29th. Finally, Royal Bank Of Canada upgraded Thomson Reuters from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, February 10th. Five research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Thomson Reuters has a consensus rating of “Buy” and a consensus target price of $186.00.

Thomson Reuters Price Performance

The stock has a market cap of $44.39 billion, a P/E ratio of 29.95, a P/E/G ratio of 1.21 and a beta of 0.79. The company’s 50 day moving average price is $113.92 and its 200-day moving average price is $140.41. The company has a quick ratio of 0.61, a current ratio of 0.64 and a debt-to-equity ratio of 0.11.

Thomson Reuters (NASDAQ:TRI) last posted its quarterly earnings data 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. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.01 billion. Thomson Reuters had a return on equity of 14.51% and a net margin of 20.09%.

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.