Thomson Reuters (TRI) Stock Forecast & Price Target

$168.94

-1.60 (-0.94%)

(As of 10/3/2024 ET)

Thomson Reuters - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 12 Analyst Ratings

Sell
0

Hold
7

Buy
5

Based on 12 Wall Street analysts who have issued ratings for Thomson Reuters in the last 12 months, the stock has a consensus rating of "Hold." Out of the 12 analysts, 7 have given a hold rating, and 5 have given a buy rating for TRI.

Consensus Price Target

$173.45
2.67% Upside

According to the 12 analysts' twelve-month price targets for Thomson Reuters, the average price target is $173.45. The highest price target for TRI is $225.00, while the lowest price target for TRI is $130.00. The average price target represents a forecasted upside of 2.67% from the current price of $168.94.

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TRI Analyst Ratings Over Time

Type	Current Forecast 10/4/23 to 10/3/24	1 Month Ago 9/4/23 to 9/3/24	3 Months Ago 7/6/23 to 7/5/24	1 Year Ago 10/4/22 to 10/4/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	5 Buy rating(s)	4 Buy rating(s)	3 Buy rating(s)	2 Buy rating(s)
Hold	7 Hold rating(s)	8 Hold rating(s)	9 Hold rating(s)	11 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$173.45	$173.45	$170.64	$146.83
Forecasted Upside	2.67% Upside	3.15% Upside	0.87% Upside	19.79% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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TRI Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

TRI Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Thomson Reuters Stock vs. The Competition

Type	Thomson Reuters	Business Services Companies	S&P 500
Consensus Rating Score	2.42	2.66	2.50
Consensus Rating	Hold	Moderate Buy	Hold
Predicted Upside	2.75% Upside	270.79% Upside	7.89% Upside
News Sentiment Rating	Positive News See Recent TRI News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/9/2024	National Bank Financial 5 of 5 stars	A. Shine Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sector Perform ➝ Outperform
8/27/2024	Scotiabank 5 of 5 stars	M. Yaghi Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sector Perform ➝ Sector Outperform	$164.00 ➝ $182.00	+8.90%
8/2/2024	Royal Bank of Canada 4 of 5 stars		Lower Target	Sector Perform ➝ Sector Perform	$170.00 ➝ $168.00	+8.00%
8/2/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$163.00 ➝ $164.00	+5.43%
5/3/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$177.00 ➝ $190.00	+15.33%
5/3/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$149.00 ➝ $156.00	-5.31%
Get the Latest News and Ratings for TRI and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Thomson Reuters and its competitors with MarketBeat's FREE daily newsletter.
5/3/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$152.00 ➝ $156.00	-4.97%
3/14/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Equal Weight ➝ Overweight	$150.00 ➝ $180.00	+15.11%
3/13/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$210.00 ➝ $225.00	+43.79%
11/3/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$192.00 ➝ $201.00	+58.34%
11/2/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$135.00 ➝ $130.00	+2.41%
6/27/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$144.00	+4.25%
5/31/2023	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Neutral	$100.00 ➝ $115.00	-9.20%
5/3/2023	51job Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Downgrade
4/4/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$138.00 ➝ $150.00	+14.36%
12/1/2022	Exane BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral ➝ Underperform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 07:23 PM ET.

Should I Buy Thomson Reuters Stock? TRI Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, September 30, 2024. Please send any questions or comments about these Thomson Reuters pros and cons to contact@marketbeat.com.

Thomson Reuters
Bull Case

Here are some ways that investors could benefit from investing in Thomson Reuters Co.:

Thomson Reuters Co. has a strong track record of consistent revenue growth, indicating stability and potential for future earnings.
The company's current stock price of $169.48 presents a potential buying opportunity for investors looking to enter at a reasonable valuation.
Thomson Reuters Co. has a healthy return on equity of 15.22%, showcasing efficient use of shareholder funds to generate profits.
With a dividend yield of 0.34%, investors can benefit from a steady income stream while holding shares of Thomson Reuters Co.
The company's diverse business segments, including Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print, provide a well-rounded portfolio of services that can withstand market fluctuations.

Thomson Reuters
Bear Case

Investors should be bearish about investing in Thomson Reuters Co. for these reasons:

The company's P/E ratio of 32.16 and PEG ratio of 5.82 suggest that the stock may be overvalued compared to its growth prospects, potentially limiting short-term gains.
Thomson Reuters Co.'s beta of 0.73 indicates lower volatility compared to the market, which may result in slower price movements for traders seeking quick profits.
Despite recent positive earnings results, the company's revenue of $1.74 billion in the last quarter fell slightly short of analyst expectations, raising concerns about future growth potential.
Thomson Reuters Co.'s debt-to-equity ratio of 0.16 may signal a reliance on debt financing, which could pose risks in case of economic downturns or rising interest rates.
Analysts have mixed ratings on the stock, with some maintaining a neutral stance, indicating uncertainty in the market regarding the company's future performance.

TRI Forecast - Frequently Asked Questions

: According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Thomson Reuters is $173.45, with a high forecast of $225.00 and a low forecast of $130.00.
: 12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Thomson Reuters in the last twelve months. There are currently 7 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" TRI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TRI, but not buy additional shares or sell existing shares.
: According to analysts, Thomson Reuters's stock has a predicted upside of 2.67% based on their 12-month stock forecasts.
: Over the previous 90 days, Thomson Reuters's stock had 2 upgrades by analysts.
: Thomson Reuters has been rated by research analysts at JPMorgan Chase & Co., National Bank Financial, Royal Bank of Canada, and Scotiabank in the past 90 days.
: Analysts like Thomson Reuters less than other "business services" companies. The consensus rating for Thomson Reuters is Hold while the average consensus rating for "business services" companies is Moderate Buy. Learn more on how TRI compares to other companies.