Thomson Reuters (NASDAQ:TRI) Raised to Strong-Buy at Cibc World Mkts

Key Points

• Thomson Reuters (NASDAQ:TRI) was upgraded to a strong-buy rating by Cibc World Markets, marking a significant positive shift from its previous "hold" rating.
• The stock has received multiple upgrades recently, with analysts stating a current consensus rating of "Strong Buy" based on several positive evaluations.
• Thomson Reuters reported earnings of $0.87 per share, surpassing the consensus estimate, while also achieving a net margin of 22.34%.

Thomson Reuters (NASDAQ:TRI - Get Free Report) was upgraded by analysts at Cibc World Mkts from a "hold" rating to a "strong-buy" rating in a report released on Tuesday,Zacks.com reports.

Several other equities analysts have also issued reports on the company. Scotiabank raised Thomson Reuters from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 6th. Wall Street Zen raised Thomson Reuters from a "sell" rating to a "hold" rating in a research note on Sunday, August 10th. Two equities research analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, the company has a consensus rating of "Strong Buy".

Thomson Reuters Stock Performance

NASDAQ:TRI traded down $0.92 during trading hours on Tuesday, reaching $177.63. The company had a trading volume of 379,793 shares, compared to its average volume of 886,912. Thomson Reuters has a one year low of $151.60 and a one year high of $218.42. The stock has a market capitalization of $80.05 billion, a price-to-earnings ratio of 49.07, a price-to-earnings-growth ratio of 5.80 and a beta of 0.77. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.79 and a quick ratio of 0.79.

Thomson Reuters (NASDAQ:TRI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.87 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.04. The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.79 billion. Thomson Reuters had a return on equity of 14.04% and a net margin of 22.34%.

About Thomson Reuters

Thomson Reuters Corporation provides business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.