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

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) has earned a consensus rating of “Buy” from the eleven brokerages that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and five have assigned a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$181.83.

A number of equities analysts recently issued reports on TRI shares. BMO Capital Markets dropped their price target on shares of Thomson Reuters from C$275.00 to C$165.00 in a research note on Friday, February 6th. Royal Bank Of Canada upgraded shares of Thomson Reuters from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, February 10th. National Bank Financial dropped their target price on shares of Thomson Reuters from C$190.00 to C$175.00 and set an “outperform” rating on the stock in a research note on Sunday, February 8th. TD Securities cut their price target on shares of Thomson Reuters from C$285.00 to C$175.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Finally, Canadian Imperial Bank of Commerce reduced their price target on shares of Thomson Reuters from C$183.00 to C$140.00 and set an “outperform” rating for the company in a research report on Friday, February 6th.

Thomson Reuters Stock Up 1.2%

TRI stock traded up C$1.86 on Friday, reaching C$151.44. 978,118 shares of the company traded hands, compared to its average volume of 968,822. The firm has a fifty day simple moving average of C$149.82 and a 200-day simple moving average of C$189.92. The company has a market cap of C$67.39 billion, a P/E ratio of 45.48, a price-to-earnings-growth ratio of 3.64 and a beta of -0.02. Thomson Reuters has a one year low of C$109.20 and a one year high of C$299.24. The company has a debt-to-equity ratio of 17.82, a current ratio of 0.64 and a quick ratio of 0.52.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last released its earnings results on Thursday, February 5th. The company reported C$1.47 EPS for the quarter. Thomson Reuters had a return on equity of 12.42% and a net margin of 20.08%.The business had revenue of C$2.76 billion for the quarter. Research analysts anticipate 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. 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.