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

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) has received a consensus rating of “Strong Buy” from the ten brokerages that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and six have issued a strong buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$265.80.

Several research analysts have recently commented on TRI shares. The Goldman Sachs Group raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. Cibc World Mkts upgraded shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 19th. TD Securities upgraded Thomson Reuters from a “hold” rating to a “buy” rating and upped their target price for the company from C$275.00 to C$285.00 in a research report on Thursday, August 28th. Scotiabank upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 6th. Finally, Wells Fargo & Company raised shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 9th.

Thomson Reuters Trading Down 0.2%

TRI stock opened at C$188.25 on Thursday. Thomson Reuters has a 12 month low of C$185.00 and a 12 month high of C$299.24. The firm’s 50-day moving average is C$210.20 and its 200 day moving average is C$243.69. The company has a market capitalization of C$83.74 billion, a PE ratio of 48.39, a P/E/G ratio of 3.64 and a beta of 0.33. The company has a debt-to-equity ratio of 24.28, a current ratio of 0.94 and a quick ratio of 0.52.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its quarterly earnings results on Tuesday, November 4th. The company reported C$0.85 earnings per share for the quarter. The firm had revenue of C$2.48 billion during the quarter. Thomson Reuters had a net margin of 32.12% and a return on equity of 20.19%. On average, research analysts anticipate 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.