Analysts Set Thomson Reuters Corp (NASDAQ:TRI) Target Price at $186.00

Shares of Thomson Reuters Corp (NASDAQ:TRI) have been given an average rating of “Strong Buy” by the eight brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, two have given a buy recommendation and five have assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $186.00.

TRI has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Thomson Reuters in a research note on Monday, December 29th. Huber Research upgraded Thomson Reuters to a “strong-buy” rating in a report on Monday, October 20th. Canaccord Genuity Group raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 5th. Finally, The Goldman Sachs Group raised shares of Thomson Reuters from a “hold” rating to a “buy” rating and set a $186.00 target price on the stock in a research report on Wednesday, October 15th.

Thomson Reuters Stock Down 0.3%

NASDAQ:TRI opened at $88.07 on Thursday. The company has a 50 day moving average price of $124.83. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.61 and a current ratio of 0.61. Thomson Reuters has a 12 month low of $85.02 and a 12 month high of $218.42. The company has a market capitalization of $39.19 billion, a price-to-earnings ratio of 26.45 and a beta of 0.79.

Thomson Reuters (NASDAQ:TRI) last posted its earnings results on Thursday, February 5th. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion. Thomson Reuters had a net margin of 20.09% and a return on equity of 14.41%.

Thomson Reuters Company Profile

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.