Thomson Reuters Co. (TSE:TRI) Given Consensus Rating of “Strong Buy” by Analysts

Shares of Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) have received a consensus recommendation of “Strong Buy” from the ten ratings firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and six have given a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$265.80.

TRI has been the topic of several research reports. Canaccord Genuity Group upgraded shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 5th. The Goldman Sachs Group raised shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Finally, Huber Research upgraded shares of Thomson Reuters to a “strong-buy” rating in a research report on Monday, October 20th.

Thomson Reuters Price Performance

Shares of TSE TRI opened at C$179.29 on Friday. The firm has a market cap of C$79.76 billion, a P/E ratio of 46.09, a price-to-earnings-growth ratio of 3.64 and a beta of 0.14. The business’s 50 day moving average is C$187.20 and its 200-day moving average is C$225.59. The company has a current ratio of 0.94, a quick ratio of 0.52 and a debt-to-equity ratio of 24.28. Thomson Reuters has a 1-year low of C$173.46 and a 1-year high of C$299.24.

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

About Thomson Reuters

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. Since the divestiture, the company is more concentrated on selling its flagship legal data and software, WestLaw, and its tax accounting software, OneSource. In addition, the company does hold a significant investment in the publicly traded Tradeweb, which operates a fixed income exchange.