Highlights

  • National Bankshares reduced its price target while maintaining an outperform rating.
  • EODHD/Others data shows declines across weekly, monthly, and one-year timeframes.
  • The stock carries an average analyst recommendation score of 2.19.

Thomson Reuters (TSX:TRI) is a global provider of professional information, software, and services, serving legal, tax, accounting, and corporate markets. The company emerged from the 2008 merger of Canada’s Thomson Corporation and the UK-based Reuters Group. Following the 2018 carve-out of EODHD/Others and subsequent asset exchanges, Thomson Reuters has become more focused on its core legal and tax offerings, including the Westlaw legal research platform and the OneSource tax and accounting suite. The company also maintains a significant investment interest in Tradeweb, a publicly listed fixed-income trading platform.

Analyst Coverage: Target Revisions and Ratings

National Bankshares recently reduced its price objective on Thomson Reuters from CAD 300 to CAD 190, while retaining an “outperform” rating, according to BayStreet.CA. Other analysts have issued rating upgrades in recent months, including Canaccord Genuity Group, Goldman Sachs Group, and Huber Research, all of which moved the stock to “strong-buy” ratings. Based on MarketBeat data, the stock currently holds a consensus rating of “Strong Buy,” with a consensus price target of CAD 243.80. EODHD/Others data lists the current target price at CAD 171.27.

Share Price Performance: Broad Declines Across Timeframes

EODHD/Others share price data indicates that Thomson Reuters closed at CAD 149.00. Over the past week, the stock declined 11.87%, while the one-month period showed a drop of 14.20%. Three-month performance reflected a decrease of 31.94%, with losses extending to 46.30% over six months and 41.93% over nine months. On a one-year basis, the shares were down 38.99%. Year-to-date and quarter-to-date returns both stood at a decline of 17.74%, highlighting continued pressure on the share price across multiple reporting periods.

Financial Results: Latest Earnings Snapshot

Thomson Reuters last reported quarterly earnings in early November, posting earnings per share of CAD 0.85 for the quarter. Revenue totaled CAD 2.48 bn during the period. The company reported a return on equity of 20.19% and a net margin of 32.12%. Analysts, on average, expect Thomson Reuters to deliver approximately 5.64 in earnings per share for the current fiscal year, based on compiled estimates.