Thomson Reuters (NASDAQ:TRI) Upgraded by TD Securities to Buy Rating

Key Points

• Thomson Reuters' stock rating was upgraded by TD Securities from a "hold" to a "buy" in a recent research report.
• Other analysts also upgraded their ratings, with Cibc World Mkts and Scotiabank both raising their positions to "strong-buy."
• In its latest earnings report, Thomson Reuters posted an EPS of $0.87, exceeding analyst expectations of $0.83.

Thomson Reuters (NASDAQ:TRI - Get Free Report) was upgraded by equities researchers at TD Securities from a "hold" rating to a "buy" rating in a report issued on Thursday, Marketbeat Ratings reports.

A number of other research firms have also recently weighed in on TRI. Scotiabank raised Thomson Reuters from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 6th. Cibc World Mkts raised Thomson Reuters from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 19th. Finally, Wall Street Zen raised Thomson Reuters from a "sell" rating to a "hold" rating in a research report on Sunday, August 10th. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Strong Buy".

Thomson Reuters Trading Up 0.5%

Shares of NASDAQ:TRI traded up $0.93 on Thursday, reaching $178.58. The company had a trading volume of 334,893 shares, compared to its average volume of 890,045. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $80.48 billion, a PE ratio of 49.33, a P/E/G ratio of 5.77 and a beta of 0.74. Thomson Reuters has a 52-week low of $151.60 and a 52-week high of $218.42.

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

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.