Thomson Reuters Corp (NASDAQ:TRI) Given Average Recommendation of “Strong Buy” by Analysts

Shares of Thomson Reuters Corp (NASDAQ:TRI) have earned a consensus recommendation of “Strong Buy” from the eight research firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and five have given a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $186.00.

Several analysts have recently weighed in on TRI shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Thomson Reuters in a research report on Monday, December 29th. The Goldman Sachs Group upgraded shares of Thomson Reuters from a “hold” rating to a “buy” rating and set a $186.00 price objective for the company in a report on Wednesday, October 15th. Huber Research upgraded shares of Thomson Reuters to a “strong-buy” rating in a research note on Monday, October 20th. Finally, Canaccord Genuity Group upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th.

Thomson Reuters Stock Down 0.1%

NASDAQ TRI opened at $129.23 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.61 and a quick ratio of 0.61. Thomson Reuters has a 52 week low of $126.21 and a 52 week high of $218.42. The stock has a market capitalization of $57.49 billion, a price-to-earnings ratio of 33.22 and a beta of 0.80. The stock’s fifty day moving average price is $134.10.

Thomson Reuters (NASDAQ:TRI) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.04. The company had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.77 billion. Thomson Reuters had a net margin of 23.82% and a return on equity of 14.27%.

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.