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

Shares of Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) have been given an average rating of “Strong Buy” by the ten ratings firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, three have given a buy recommendation and six have assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$265.80.

TRI has been the topic of a number of research reports. The Goldman Sachs Group raised shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. TD Securities upgraded Thomson Reuters from a “hold” rating to a “buy” rating and increased their price target for the company from C$275.00 to C$285.00 in a report on Thursday, August 28th. Cibc World Mkts upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 19th. Wells Fargo & Company raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 9th. Finally, Huber Research upgraded Thomson Reuters to a “strong-buy” rating in a research note on Monday, October 20th.

Thomson Reuters Stock Down 1.0%

Shares of TSE:TRI opened at C$179.89 on Monday. The stock has a 50-day simple moving average of C$201.91 and a 200-day simple moving average of C$236.56. The stock has a market capitalization of C$80.02 billion, a P/E ratio of 46.24, a PEG ratio of 3.64 and a beta of 0.20. Thomson Reuters has a 1 year low of C$177.00 and a 1 year high of C$299.24. The company has a debt-to-equity ratio of 24.28, a quick ratio of 0.52 and a current ratio of 0.94.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its quarterly earnings results on Tuesday, November 4th. The company reported C$0.85 EPS for the quarter. Thomson Reuters had a net margin of 32.12% and a return on equity of 20.19%. The firm had revenue of C$2.48 billion for the quarter. Equities analysts forecast that Thomson Reuters will post 5.6395803 earnings per share 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.