Thomson Reuters (NASDAQ:TRI) Sees Large Volume Increase – Here’s Why

Thomson Reuters Corp (NASDAQ:TRI) shares saw an uptick in trading volume on Wednesday . 2,860,694 shares were traded during mid-day trading, an increase of 13% from the previous session’s volume of 2,536,621 shares.The stock last traded at $98.65 and had previously closed at $90.09.

Analysts Set New Price Targets

TRI has been the topic of several recent research reports. Royal Bank Of Canada upgraded Thomson Reuters from a “hold” rating to a “moderate buy” rating in a report on Tuesday, February 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Thomson Reuters in a research note on Monday, December 29th. Finally, Canaccord Genuity Group upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. Five equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $186.00.

Thomson Reuters Stock Down 3.5%

The company has a quick ratio of 0.61, a current ratio of 0.64 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $42.90 billion, a PE ratio of 28.95, a price-to-earnings-growth ratio of 1.49 and a beta of 0.79. The firm has a 50-day moving average of $112.63 and a two-hundred day moving average of $139.84.

Thomson Reuters (NASDAQ:TRI) last announced its quarterly earnings results on Thursday, February 5th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.06 by $0.01. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion. Thomson Reuters had a return on equity of 14.51% and a net margin of 20.09%.

Thomson Reuters Company Profile

Thomson Reuters is a global provider of information and technology solutions for professional markets, including financial services, legal, tax and accounting, and media industries. The company delivers a range of data, analytics and software tools designed to help customers make informed decisions, manage risk and stay compliant with evolving regulations. Its key offerings include the Eikon financial data platform, Westlaw legal research service, Checkpoint tax and accounting solution, and Reuters News, which supplies real‐time journalism to media organizations worldwide.

Formed in 2008 through the merger of Canada’s Thomson Corporation (founded in 1934) and the UK’s Reuters Group (established in 1851), Thomson Reuters has built on a legacy of journalistic integrity and information innovation.