Thomson Reuters (NASDAQ:TRI) Shares Up 6% – Still a Buy?

Thomson Reuters Corp (NASDAQ:TRI) shares were up 6% during mid-day trading on Tuesday . The stock traded as high as $105.55 and last traded at $105.46. Approximately 2,327,360 shares traded hands during mid-day trading, a decline of 18% from the average daily volume of 2,823,139 shares. The stock had previously closed at $99.49.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TRI. Canaccord Genuity Group upgraded shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. Royal Bank Of Canada upgraded Thomson Reuters from a “hold” rating to a “moderate buy” rating in a report on Tuesday, February 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Thomson Reuters in a report on Monday, December 29th. Five 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. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $186.00.

Thomson Reuters Stock Performance

The business has a fifty day moving average of $110.14 and a 200 day moving average of $137.69. The company has a market cap of $48.54 billion, a P/E ratio of 32.75, a P/E/G ratio of 1.58 and a beta of 0.81. 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 (NASDAQ:TRI) last issued its quarterly earnings data on Thursday, February 5th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.06 by $0.01. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.01 billion. Thomson Reuters had a net margin of 20.09% and a return on equity of 14.51%.

Thomson Reuters Company Profile

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.