Thomson Reuters (NASDAQ:TRI) Upgraded at Royal Bank Of Canada

Royal Bank Of Canada upgraded shares of Thomson Reuters (NASDAQ:TRI) from a hold rating to a moderate buy rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

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

Thomson Reuters Stock Performance

Thomson Reuters stock opened at $85.89 on Tuesday. The firm has a market cap of $38.22 billion, a PE ratio of 25.79 and a beta of 0.79. The company has a fifty day moving average of $121.25. The company has a quick ratio of 0.61, a current ratio of 0.64 and a debt-to-equity ratio of 0.11. Thomson Reuters has a 1 year low of $84.27 and a 1 year high of $218.42.

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

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.