Thomson Reuters (NASDAQ:TRI) Upgraded by Wall Street Zen to Hold Rating

Key Points

• Thomson Reuters' stock rating has been upgraded from a "sell" to a "hold" by Wall Street Zen, reflecting a shift in analyst sentiment.
• Scotiabank has raised its rating on Thomson Reuters from a "hold" to a "strong-buy", indicating strong confidence in the company's prospects.
• The company's recent earnings report showed an EPS of $0.87, exceeding the consensus estimate of $0.83, with a revenue of $1.79 billion.

Thomson Reuters (NASDAQ:TRI - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Sunday.

Separately, Scotiabank raised shares of Thomson Reuters from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 6th.

Thomson Reuters Price Performance

Shares of Thomson Reuters stock traded up $0.42 during trading on Friday, hitting $170.15. 382,685 shares of the stock were exchanged, compared to its average volume of 873,864. The stock has a market cap of $76.68 billion, a P/E ratio of 47.00, a price-to-earnings-growth ratio of 5.53 and a beta of 0.77. Thomson Reuters has a 12-month low of $151.60 and a 12-month high of $218.42. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.11.

Thomson Reuters (NASDAQ:TRI - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.87 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates 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.