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

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) has been given a consensus recommendation of “Buy” by the eleven ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating, five have given a buy rating and five have given a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$181.83.

TRI has been the subject of a number of analyst reports. Canadian Imperial Bank of Commerce lowered their price objective on Thomson Reuters from C$183.00 to C$140.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. 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. National Bank Financial lowered their price target on shares of Thomson Reuters from C$190.00 to C$175.00 and set an “outperform” rating for the company in a report on Sunday, February 8th. TD Securities reduced their price objective on shares of Thomson Reuters from C$285.00 to C$175.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Finally, Royal Bank Of Canada raised shares of Thomson Reuters from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, February 10th.

Thomson Reuters Stock Down 3.8%

Thomson Reuters stock opened at C$131.33 on Friday. The firm has a market capitalization of C$58.44 billion, a P/E ratio of 39.44, a P/E/G ratio of 3.64 and a beta of -0.02. 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 twelve month low of C$109.20 and a twelve month high of C$299.24. The stock’s fifty day simple moving average is C$153.54 and its 200-day simple moving average is C$193.05.

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