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

Royal Bank Of Canada upgraded shares of Thomson Reuters (TSE:TRI) (NYSE:TRI) from a hold rating to a moderate buy rating in a report published on Tuesday,Zacks.com reports.

Several other research firms also recently weighed in on TRI. The Goldman Sachs Group upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. TD Securities decreased their target price on shares of Thomson Reuters from C$285.00 to C$175.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. BMO Capital Markets cut their price objective on Thomson Reuters from C$275.00 to C$165.00 in a report on Friday, February 6th. Huber Research raised shares of Thomson Reuters to a “strong-buy” rating in a research report on Monday, October 20th. Finally, Canaccord Genuity Group upgraded shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. Five equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$175.86.

Thomson Reuters Stock Down 3.4%

Thomson Reuters stock opened at C$116.76 on Tuesday. The company has a quick ratio of 0.52, a current ratio of 0.94 and a debt-to-equity ratio of 24.28. The firm has a market cap of C$51.96 billion, a price-to-earnings ratio of 35.06, a price-to-earnings-growth ratio of 3.64 and a beta of -0.02. The business’s 50-day moving average price is C$166.67 and its 200 day moving average price is C$204.06. Thomson Reuters has a 52 week low of C$114.90 and a 52 week high of C$299.24.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its quarterly earnings results on Thursday, February 5th. The company reported C$1.47 earnings per share (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$2.76 billion for the quarter. As a group, sell-side analysts anticipate that Thomson Reuters will post 5.6395803 earnings per share for the current year.

Thomson Reuters Company Profile

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.