Thomson Reuters Corp (NASDAQ:TRI) Receives Average Recommendation of “Strong Buy” from Analysts

Shares of Thomson Reuters Corp (NASDAQ:TRI) have earned a consensus rating of “Strong Buy” from the eight ratings firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, two have given a buy rating and five have issued a strong buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $186.00.

Several brokerages recently commented on TRI. Weiss Ratings reiterated a “hold (c)” rating on shares of Thomson Reuters in a research note on Wednesday. The Goldman Sachs Group upgraded shares of Thomson Reuters from a “hold” rating to a “buy” rating and set a $186.00 price target for the company in a research report on Wednesday, October 15th. Wells Fargo & Company raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 9th. Cibc World Mkts upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 19th. Finally, Wall Street Zen cut Thomson Reuters from a “hold” rating to a “sell” rating in a report on Friday, September 5th.

Thomson Reuters Price Performance

Shares of TRI stock opened at $135.00 on Friday. The business’s fifty day simple moving average is $152.44. The firm has a market capitalization of $60.30 billion, a price-to-earnings ratio of 37.29, a PEG ratio of 4.96 and a beta of 0.74. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.79 and a quick ratio of 0.79. Thomson Reuters has a 1-year low of $131.11 and a 1-year high of $218.42.

Thomson Reuters (NASDAQ:TRI) last issued its earnings results on Tuesday, November 4th. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.81 by $0.04. Thomson Reuters had a net margin of 22.34% and a return on equity of 14.04%. The company had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.77 billion.

About Thomson Reuters

Thomson Reuters Corporation provides business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.