Wells Fargo & Company Upgrades Thomson Reuters (NASDAQ:TRI) to Strong-Buy

Thomson Reuters (NASDAQ:TRI) was upgraded by Wells Fargo & Company from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

A number of other research firms also recently weighed in on TRI. Cibc World Mkts raised shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 19th. TD Securities raised shares of Thomson Reuters from a “hold” rating to a “buy” rating in a research note on Thursday, August 28th. Scotiabank upgraded shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 6th. Finally, Wall Street Zen downgraded shares of Thomson Reuters from a “hold” rating to a “sell” rating in a research note on Friday, September 5th. Three research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Strong Buy”.

Thomson Reuters Stock Performance

TRI opened at $170.49 on Tuesday. 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 52 week low of $151.60 and a 52 week high of $218.42. The company has a market capitalization of $76.84 billion, a PE ratio of 47.10, a PEG ratio of 5.70 and a beta of 0.74.

Thomson Reuters (NASDAQ:TRI) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.04. The company had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.79 billion. Thomson Reuters had a return on equity of 14.04% and a net margin of 22.34%.

Thomson Reuters Company Profile

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.