Brokerages Set Thomson Reuters Corp (NASDAQ:TRI) Price Target at $186.00

Shares of Thomson Reuters Corp (NASDAQ:TRI) have been assigned an average rating of “Buy” from the nine analysts that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and five have assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $186.00.

A number of brokerages have weighed in on TRI. Weiss Ratings reiterated a “hold (c)” rating on shares of Thomson Reuters in a report on Monday, December 29th. Royal Bank Of Canada upgraded shares of Thomson Reuters from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, February 10th.

Thomson Reuters Trading Up 1.8%

Shares of TRI stock opened at $111.46 on Monday. The firm’s 50-day simple moving average is $109.24 and its 200-day simple moving average is $137.06. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.64 and a quick ratio of 0.61. Thomson Reuters has a 1-year low of $79.71 and a 1-year high of $218.42. The firm has a market cap of $49.60 billion, a P/E ratio of 33.47, a PEG ratio of 1.64 and a beta of 0.81.

Thomson Reuters (NASDAQ:TRI) last released its earnings results on Thursday, February 5th. The company reported $1.07 earnings per share (EPS) 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 firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate 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.