Thomson Reuters (NASDAQ:TRI) Stock Price Up 9% – Time to Buy?

Shares of Thomson Reuters Corp (NASDAQ:TRI) were up 9% on Tuesday . The company traded as high as $90.79 and last traded at $88.12. Approximately 2,435,054 shares changed hands during mid-day trading, an increase of 5% from the average daily volume of 2,315,682 shares. The stock had previously closed at $80.86.

Analyst Ratings Changes

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

Thomson Reuters Stock Performance

The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.61 and a current ratio of 0.64. The company has a market cap of $40.28 billion, a PE ratio of 27.18, a price-to-earnings-growth ratio of 1.24 and a beta of 0.80. The company’s 50 day moving average price is $114.76 and its 200-day moving average price is $141.04.

Thomson Reuters (NASDAQ:TRI) last announced its quarterly earnings data on Thursday, February 5th. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.01. Thomson Reuters had a return on equity of 14.51% and a net margin of 20.09%.The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.01 billion.

About Thomson Reuters

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.