Thomson Reuters (NASDAQ:TRI) Shares Up 6% – Should You Buy?

Thomson Reuters Corp (NASDAQ:TRI)’s stock price rose 6% on Tuesday . The company traded as high as $105.55 and last traded at $105.46. Approximately 2,327,360 shares changed hands during mid-day trading, a decline of 18% from the average daily volume of 2,823,139 shares. The stock had previously closed at $99.49.

Analysts Set New Price Targets

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

Thomson Reuters Stock Up 6.1%

The company has a market cap of $46.96 billion, a P/E ratio of 31.69, a price-to-earnings-growth ratio of 1.44 and a beta of 0.81. 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 fifty day moving average of $111.26 and a 200 day moving average of $138.38.

Thomson Reuters (NASDAQ:TRI) last posted its quarterly earnings data on Thursday, February 5th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.06 by $0.01. The firm had revenue of $2.01 billion during 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%.

About Thomson Reuters

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.