Thomson Reuters Co. (TSE:TRI) Receives Average Recommendation of “Strong Buy” from Brokerages

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) has earned a consensus rating of “Strong Buy” from the ten ratings firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and six have given a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$265.80.

Several equities analysts recently commented on TRI shares. Wells Fargo & Company upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 9th. The Goldman Sachs Group raised shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Cibc World Mkts upgraded shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 19th. Canaccord Genuity Group raised shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 5th. Finally, Huber Research raised shares of Thomson Reuters to a “strong-buy” rating in a research report on Monday, October 20th.

Thomson Reuters Stock Performance

Shares of TRI opened at C$179.89 on Monday. Thomson Reuters has a 1 year low of C$177.00 and a 1 year high of C$299.24. The company’s 50 day simple moving average is C$201.91 and its 200 day simple moving average is C$236.56. The company has a market capitalization of C$80.02 billion, a price-to-earnings ratio of 46.24, a PEG ratio of 3.64 and a beta of 0.20. The company has a debt-to-equity ratio of 24.28, a quick ratio of 0.52 and a current ratio of 0.94.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its quarterly earnings results on Tuesday, November 4th. The company reported C$0.85 earnings per share for the quarter. Thomson Reuters had a return on equity of 20.19% and a net margin of 32.12%.The company had revenue of C$2.48 billion during the quarter. On average, sell-side analysts predict that Thomson Reuters will post 5.6395803 EPS for the current year.

Thomson Reuters Company Profile

Thomson Reuters is the result of the $17.6 billion megamerger of Canada’s Thomson and the United Kingdom’s Reuters Group in 2008 and the 2018 carve-out of its finance and risk business, Refinitiv, in which it holds a 45% stake. In 2019, the company agreed to exchange its 45% stake in Refinitiv for a 15% stake in LSE.