Thomson Reuters Co. (TSE:TRI) Receives Consensus Rating of "Strong Buy" from Analysts

Key Points

• Analysts give Thomson Reuters a consensus "Strong Buy" rating (6 strong-buy, 3 buy, 1 hold) with an average 1-year target of C$243.80.
• The stock opened around C$149.00, implying substantial upside to the consensus target; it trades at a P/E of 38.3 and sits near its 52-week low of C$148.48 (52-week high C$299.24).
• Thomson Reuters reported C$0.85 EPS and C$2.48B revenue for the quarter with strong profitability (ROE 20.19%, net margin 32.12%), while analysts remain mixed — some upgrades to strong-buy (Goldman Sachs, Canaccord) and a notable target cut from C$300 to C$190 by National Bankshares.

Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI has received an average recommendation of "Strong Buy" from the ten analysts that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation, three have given a buy recommendation and six have issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$243.80.

A number of research firms recently weighed in on TRI. National Bankshares dropped their price target on shares of Thomson Reuters from C$300.00 to C$190.00 and set an "outperform" rating for the company in a research note on Monday. The Goldman Sachs Group upgraded shares of Thomson Reuters from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 15th. Canaccord Genuity Group upgraded Thomson Reuters from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, November 5th. Finally, Huber Research raised Thomson Reuters to a "strong-buy" rating in a research note on Monday, October 20th.

Thomson Reuters Stock Down 1.0%

TSE TRI opened at C$149.00 on Tuesday. The stock has a market capitalization of C$66.28 billion, a P/E ratio of 38.30, a price-to-earnings-growth ratio of 3.64 and a beta of 0.14. Thomson Reuters has a 52 week low of C$148.48 and a 52 week 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. The stock has a fifty day moving average of C$177.19 and a 200-day moving average of C$211.86.

Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI last announced its quarterly earnings data on Tuesday, November 4th. The company reported C$0.85 EPS for the quarter. Thomson Reuters had a return on equity of 20.19% and a net margin of 32.12%.The firm had revenue of C$2.48 billion during the quarter. On average, equities research analysts forecast that Thomson Reuters will post 5.6395803 EPS 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.

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