Thomson Reuters Co. (TSE:TRI) Receives Average Rating of “Buy” from Analysts

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) has earned an average recommendation of “Buy” from the eleven research firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, five have given a buy recommendation and four have assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$181.83.

A number of analysts recently issued reports on the company. TD Securities cut their price objective on Thomson Reuters from C$285.00 to C$175.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Royal Bank Of Canada upgraded shares of Thomson Reuters from a “hold” rating to a “moderate buy” rating in a report on Tuesday, February 10th. Canadian Imperial Bank of Commerce reduced 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 Friday, February 6th. National Bank Financial lowered their target price on Thomson Reuters from C$190.00 to C$175.00 and set an “outperform” rating for the company in a research note on Sunday, February 8th. Finally, Wells Fargo & Company cut Thomson Reuters from a “strong-buy” rating to a “hold” rating in a research note on Monday.

Thomson Reuters Stock Performance

Thomson Reuters stock opened at C$120.41 on Wednesday. The firm has a 50 day simple moving average of C$138.68 and a 200-day simple moving average of C$179.74. Thomson Reuters has a 1-year low of C$109.20 and a 1-year high of C$299.24. The company has a debt-to-equity ratio of 17.82, a current ratio of 0.64 and a quick ratio of 0.52. The stock has a market cap of C$53.44 billion, a price-to-earnings ratio of 36.16, a price-to-earnings-growth ratio of 3.64 and a beta of -0.02.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last released its quarterly earnings results on Thursday, February 5th. The company reported C$1.47 EPS for the quarter. The firm had revenue of C$2.76 billion for the quarter. Thomson Reuters had a net margin of 20.09% and a return on equity of 12.37%. On average, analysts expect that Thomson Reuters will post 5.6395803 EPS for the current 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.