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New Big Money Means Thomson Reuters Corporation (TRI) Investors Could Reap Benefit

Thomson Reuters Corporation (NYSE: TRI) is 6.48% higher on its value in year-to-date trading and has touched a low of $91.55 and a high of $125.32 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TRI stock was last observed hovering at around $122.82 in the last trading session, with the day’s loss setting it -1.36% off its average median price target of $125.00 for the next 12 months. It is also 33.26% off the consensus price target high of $182.00 offered by 17 analysts, but current levels are -21.46% lower than the price target low of $100.00 for the same period.

Currently trading at $121.46, the stock is -0.47% and 1.68% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.61 million and changing -1.11% at the moment leaves the stock 9.49% off its SMA200. TRI registered 18.46% gain for a year compared to 6-month gain of 8.07%.

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The stock witnessed a -0.98% loss in the last 1 month and extending the period to 3 months gives it a 5.02%, and is -1.00% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.05% over the week and 1.43% over the month.

Thomson Reuters Corporation (TRI) has around 25200 employees, a market worth around $59.14B and $6.63B in sales. Current P/E ratio is 42.53 and Fwd P/E is 32.69. Profit margin for the company is 20.10%. Distance from 52-week low is 32.67% and -3.08% from its 52-week high. The company has generated returns on investments over the last 12 months (9.40%).

Thomson Reuters Corporation (TRI) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Thomson Reuters Corporation (TRI) is a “Overweight”. 17 analysts offering their recommendations for the stock have an average rating of 2.60, where 7 rate it as a Hold and 0 think it is a “Overweight”. 7 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.

Thomson Reuters Corporation is expected to release its quarterly report on 05/11/2023.The EPS is expected to shrink by -75.10% this year

Thomson Reuters Corporation (TRI) Top Institutional Holders

The shares outstanding are 478.69M, and float is at 158.92M with Short Float at 1.26%.

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