Thomson Reuters (NASDAQ:TRI) Upgraded at The Goldman Sachs Group

Key Points

• Thomson Reuters has been upgraded from a "hold" rating to a "buy" rating by The Goldman Sachs Group, with a target price set at $186.00, reflecting a potential upside of 16.76% from the previous close.
• Other firms have also reacted positively, with multiple upgrades leading to a consensus rating of "Strong Buy" and a target price of $186.00 across various analysts.
• The company reported earnings of $0.54 per share and revenue of $1.62 billion in its last quarterly results, showcasing strong financial performance.

Thomson Reuters (NASDAQ:TRI - Get Free Report) was upgraded by analysts at The Goldman Sachs Group from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Wednesday, Marketbeat reports. The brokerage presently has a $186.00 target price on the stock. The Goldman Sachs Group's price objective would indicate a potential upside of 16.76% from the stock's previous close.

Several other research firms have also recently commented on TRI. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Thomson Reuters in a research note on Wednesday, October 8th. Cibc World Mkts raised Thomson Reuters from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 19th. Scotiabank upgraded 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 note on Friday, September 5th. Finally, Wells Fargo & Company raised shares of Thomson Reuters from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, September 9th. Four investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Strong Buy" and a consensus target price of $186.00.

Thomson Reuters Trading Up 3.0%

Shares of TRI stock opened at $159.30 on Wednesday. The firm has a market cap of $71.53 billion, a P/E ratio of 44.01, a price-to-earnings-growth ratio of 5.02 and a beta of 0.74. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.11. The company has a 50-day moving average price of $167.01. Thomson Reuters has a twelve month low of $149.47 and a twelve month high of $218.42.

Thomson Reuters (NASDAQ:TRI - Get Free Report) last issued its quarterly earnings results on Tuesday, February 8th. The company reported $0.54 EPS for the quarter. The business had revenue of $1.62 billion during the quarter. Thomson Reuters had a net margin of 22.34% and a return on equity of 14.04%.

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.