Thomson Reuters Corp (NASDAQ:TRI) Receives $186.00 Average Price Target from Brokerages

Thomson Reuters Corp (NASDAQ:TRI) has earned an average rating of “Buy” from the nine analysts that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, three have given a buy recommendation and five have assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $186.00.

A number of research analysts have recently weighed in on the company. Canaccord Genuity Group upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 5th. Royal Bank Of Canada upgraded Thomson Reuters from a “hold” rating to a “moderate buy” rating in a report on Tuesday, February 10th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Thomson Reuters in a research note on Monday, December 29th.

Thomson Reuters Trading Down 0.6%

Thomson Reuters stock opened at $104.82 on Monday. Thomson Reuters has a 1 year low of $79.71 and a 1 year high of $218.42. The firm’s 50 day moving average price is $110.14 and its 200-day moving average price is $137.69. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.64 and a quick ratio of 0.61. The stock has a market cap of $46.65 billion, a P/E ratio of 31.48, a PEG ratio of 1.58 and a beta of 0.81.

Thomson Reuters (NASDAQ:TRI) last posted its earnings results on Thursday, February 5th. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.01. The company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.01 billion. Thomson Reuters had a net margin of 20.09% and a return on equity of 14.51%.

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.