Is Thomson-Reuters Corp (NYSE: TRI) Proving The Doubters Wrong?

Thomson-Reuters Corp (TRI) concluded trading on Thursday at a closing price of $155.83, with 0.45 million shares of worth about $70.08 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 26.23% during that period and on March 28, 2024 the price saw a loss of about -0.08%. Currently the company’s common shares owned by public are about 452.96M shares, out of which, 138.13M shares are available for trading.

However, the stock later moved at a day high price of 157.68, or with a loss of -0.08%. Stock saw a price change of -0.31% in past 5 days and over the past one month there was a price change of -0.62%. Year-to-date (YTD), TRI shares are showing a performance of 6.57% which increased to 21.73% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $117.46 but also hit the highest price of $161.57 during that period. The average intraday trading volume for Thomson-Reuters Corp shares is 306.80K. The stock is currently trading -0.81% below its 20-day simple moving average (SMA20), while that difference is up 0.66% for SMA50 and it goes to 13.01% higher than SMA200.

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Thomson-Reuters Corp (NYSE: TRI) currently have 452.96M outstanding shares and institutions hold larger chunk of about 22.94% of that.

The stock has a current market capitalization of $70.34B and its 3Y-monthly beta is at 0.66. PE ratio of stock for trailing 12 months is 26.97, while it has posted earnings per share of $5.78 in the same period. Its PEG reads 2.67 and has Quick Ratio of 0.90 while making debt-to-equity ratio of 0.32. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TRI, volatility over the week remained 1.21% while standing at 1.42% over the month.

Analysts are in expectations that Thomson-Reuters Corp (TRI) stock would likely to be making an EPS of $0.95 in the current quarter, while forecast for next quarter EPS is $0.86 and it is $4.03 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.9 which is $1 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.85 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 2.34% while it is estimated to increase by 12.49% in next year. EPS is likely to shrink at an annualized rate of 10.10% for next 5-years, compared to annual growth of 50.27% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Barclays on March 14, 2024 offering an Overweight rating for the stock and assigned a target price range of between $150 and $180 to it. Coverage by UBS stated Thomson-Reuters Corp (TRI) stock as a Buy in their note to investors on November 07, 2023, suggesting a price target of $153 for the stock. Stock get a Neutral rating from CIBC on August 03, 2023.

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