Thomson Reuters (NASDAQ:TRI) Stock Rating Upgraded by The Goldman Sachs Group

Thomson Reuters (NASDAQ:TRI) was upgraded by equities research analysts at The Goldman Sachs Group from a “hold” rating to a “buy” rating in a research note issued on Wednesday, Marketbeat.com reports. The brokerage currently has a $186.00 price objective on the stock. The Goldman Sachs Group’s price objective suggests a potential upside of 18.95% from the stock’s previous close.

TRI has been the topic of a number of other research reports. Cibc World Mkts upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 19th. Scotiabank upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Thomson Reuters in a research note on Wednesday, October 8th. Wall Street Zen lowered Thomson Reuters from a “hold” rating to a “sell” rating in a research note on Friday, September 5th. Finally, Wells Fargo & Company upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 9th. Three analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $186.00.

Thomson Reuters Stock Down 1.8%

NASDAQ:TRI opened at $156.37 on Wednesday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.11. The company has a 50 day simple moving average of $166.50. The company has a market capitalization of $70.21 billion, a price-to-earnings ratio of 43.20, a price-to-earnings-growth ratio of 5.17 and a beta of 0.74. Thomson Reuters has a 12-month low of $149.47 and a 12-month high of $218.42.

Thomson Reuters (NASDAQ:TRI) last announced its earnings results on Tuesday, February 8th. The company reported $0.54 earnings per share for the quarter. The company had revenue of $1.62 billion for the quarter. 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.