Thomson Reuters (TSE:TRI) Stock Rating Upgraded by Royal Bank Of Canada

Thomson Reuters (TSE:TRI) (NYSE:TRI) was upgraded by stock analysts at Royal Bank Of Canada from a “hold” rating to a “moderate buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

TRI has been the subject of a number of other research reports. Huber Research raised shares of Thomson Reuters to a “strong-buy” rating in a research report on Monday, October 20th. Canadian Imperial Bank of Commerce dropped their target price on Thomson Reuters from C$183.00 to C$140.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. BMO Capital Markets decreased their price target on Thomson Reuters from C$275.00 to C$165.00 in a research note on Friday, February 6th. CIBC World Markets dropped their price objective on Thomson Reuters from C$183.00 to C$140.00 and set an “outperform” rating on the stock in a research note on Saturday, February 7th. Finally, The Goldman Sachs Group upgraded shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Five investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Thomson Reuters has a consensus rating of “Buy” and an average price target of C$175.86.

Thomson Reuters Price Performance

Shares of TRI opened at C$120.93 on Tuesday. The company has a debt-to-equity ratio of 24.28, a quick ratio of 0.52 and a current ratio of 0.94. The firm has a market capitalization of C$53.81 billion, a PE ratio of 36.32, a P/E/G ratio of 3.64 and a beta of -0.02. The stock has a 50 day simple moving average of C$168.07 and a 200 day simple moving average of C$204.67. Thomson Reuters has a 52-week low of C$116.21 and a 52-week high of C$299.24.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its earnings results on Thursday, February 5th. The company reported C$1.47 earnings per share for the quarter. The firm had revenue of C$2.76 billion during the quarter. Thomson Reuters had a net margin of 32.12% and a return on equity of 20.19%. Sell-side analysts predict that Thomson Reuters will post 5.6395803 EPS for the current fiscal 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.