Thomson Reuters (NASDAQ:TRI) Rating Increased 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 stock analysts at Cibc World Mkts from a "hold" rating to a "strong-buy" rating in a research note issued on Tuesday,Zacks.com reports.

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

Thomson Reuters Trading Up 0.7%

NASDAQ TRI opened at $176.23 on Tuesday. The firm has a market cap of $79.42 billion, a PE ratio of 48.68, a price-to-earnings-growth ratio of 5.61 and a beta of 0.77. Thomson Reuters has a twelve month low of $151.60 and a twelve month high of $218.42. 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 earnings results on Wednesday, August 6th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.04. Thomson Reuters had a net margin of 22.34% and a return on equity of 14.04%. The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.79 billion.

Thomson Reuters Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.