Brokerages Set Thomson Reuters Co. (TSE:TRI) Target Price at C$243.80

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) has been given an average rating of “Strong Buy” by the ten ratings firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, three have given a buy rating and six have assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$243.80.

Several equities research analysts recently weighed in on the company. National Bankshares decreased their target price on Thomson Reuters from C$300.00 to C$190.00 and set an “outperform” rating for the company in a research note on Monday. Canaccord Genuity Group raised shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. Huber Research upgraded shares of Thomson Reuters to a “strong-buy” rating in a report on Monday, October 20th. Finally, The Goldman Sachs Group raised shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th.

Thomson Reuters Stock Performance

Shares of TRI stock opened at C$120.95 on Tuesday. The company has a market cap of C$53.80 billion, a P/E ratio of 31.09, a PEG ratio of 3.64 and a beta of -0.02. The firm has a fifty day moving average price of C$173.36 and a 200 day moving average price of C$209.53. The company has a current ratio of 0.94, a quick ratio of 0.52 and a debt-to-equity ratio of 24.28. Thomson Reuters has a 12 month low of C$116.50 and a 12 month high of C$299.24.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its quarterly earnings results on Thursday, February 5th. The company reported C$1.47 earnings per share (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%. Sell-side analysts predict that Thomson Reuters will post 5.6395803 earnings per share for the current fiscal 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.