Thomson Reuters (NASDAQ:TRI) Rating Increased to Strong-Buy 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 equities researchers at Wells Fargo & Company from a "hold" rating to a "strong-buy" rating in a research note issued on Tuesday,Zacks.com reports.

TRI has been the subject of several other research reports. Wall Street Zen cut Thomson Reuters from a "hold" rating to a "sell" rating in a research note on Friday, September 5th. Cibc World Mkts raised shares of Thomson Reuters from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 19th. TD Securities raised shares of Thomson Reuters from a "hold" rating to a "buy" rating in a report on Thursday, August 28th. Finally, Scotiabank upgraded shares of Thomson Reuters from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 6th. Three analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company's stock. Based on data from MarketBeat, Thomson Reuters has a consensus rating of "Strong Buy".

Thomson Reuters Trading Down 0.4%

Shares of TRI traded down $0.72 during trading hours on Tuesday, reaching $172.27. 329,016 shares of the company traded hands, compared to its average volume of 893,115. Thomson Reuters has a 12 month low of $151.60 and a 12 month high of $218.42. The firm has a market capitalization of $77.64 billion, a price-to-earnings ratio of 47.59, a PEG ratio of 5.62 and a beta of 0.74. 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 released its quarterly 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 return on equity of 14.04% and a net margin of 22.34%.The company 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.