Thomson Reuters (NASDAQ:TRI) Raised to Moderate Buy at Royal Bank Of Canada

Thomson Reuters (NASDAQ:TRI) was upgraded by equities research analysts at Royal Bank Of Canada from a “hold” rating to a “moderate buy” rating in a report issued on Tuesday,Zacks.com reports.

Several other analysts also recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Thomson Reuters in a research note on Monday, December 29th. Huber Research raised Thomson Reuters to a “strong-buy” rating in a report on Monday, October 20th. The Goldman Sachs Group upgraded Thomson Reuters from a “hold” rating to a “buy” rating and set a $186.00 price objective for the company in a research note on Wednesday, October 15th. Finally, Canaccord Genuity Group raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 5th. Five research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $186.00.

Thomson Reuters Trading Down 1.8%

Shares of NASDAQ TRI opened at $89.20 on Tuesday. The firm has a fifty day moving average of $122.20. The company has a current ratio of 0.64, a quick ratio of 0.61 and a debt-to-equity ratio of 0.11. Thomson Reuters has a 12-month low of $85.02 and a 12-month high of $218.42. The firm has a market cap of $39.69 billion, a P/E ratio of 26.79 and a beta of 0.79.

Thomson Reuters (NASDAQ:TRI) last issued its quarterly earnings data on Thursday, February 5th. The company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. The company had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.01 billion. Thomson Reuters had a return on equity of 14.51% and a net margin of 20.09%.

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.