Thomson Reuters (NASDAQ:TRI) Upgraded at Wells Fargo & Company

Key Points

• Thomson Reuters has been upgraded from a "hold" to a "strong-buy" rating by Wells Fargo & Company, reflecting increased confidence among analysts.
• Other analysts, including Scotiabank and Cibc World Markets, have similarly upgraded the stock, which currently holds an average rating of "Strong Buy."
• In its latest earnings report, Thomson Reuters reported $0.87 EPS, surpassing analysts' expectations, with a revenue of $1.79 billion.

Thomson Reuters (NASDAQ:TRI - Get Free Report) was upgraded by analysts at Wells Fargo & Company from a "hold" rating to a "strong-buy" rating in a research note issued to investors on Tuesday,Zacks.com reports.

Other equities research analysts have also issued reports about the company. Scotiabank raised Thomson Reuters from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 6th. Wall Street Zen lowered Thomson Reuters from a "hold" rating to a "sell" rating in a research report on Friday, September 5th. Cibc World Mkts raised Thomson Reuters from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 19th. Finally, TD Securities upgraded Thomson Reuters from a "hold" rating to a "buy" rating in a research note on Thursday, August 28th. Three analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Strong Buy".

Thomson Reuters Price Performance

NASDAQ TRI opened at $175.99 on Tuesday. The firm has a market capitalization of $79.32 billion, a P/E ratio of 48.62, a P/E/G ratio of 5.64 and a beta of 0.74. Thomson Reuters has a 12 month low of $151.60 and a 12 month high of $218.42. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.11.

Thomson Reuters (NASDAQ:TRI - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.04. The business had revenue of $1.79 billion during 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.

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