Thomson Reuters (TSE:TRI – Free Report) (NYSE:TRI) had its price target trimmed by CIBC World Markets from C$183.00 to C$140.00 in a research note issued to investors on Saturday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.
A number of other brokerages also recently commented on TRI. BMO Capital Markets decreased their price target on Thomson Reuters from C$275.00 to C$165.00 in a research report on Friday. Canaccord Genuity Group upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 5th. National Bankshares lowered their target price on Thomson Reuters from C$300.00 to C$190.00 and set an “outperform” rating on the stock in a research note on Monday, February 2nd. Canadian Imperial Bank of Commerce cut their price target on shares of Thomson Reuters from C$183.00 to C$140.00 and set an “outperform” rating on the stock in a report on Friday. Finally, The Goldman Sachs Group upgraded shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. Five analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$178.00.
Thomson Reuters Trading Down 0.6%
Thomson Reuters (TSE:TRI – Get Free Report) (NYSE:TRI) last released its quarterly earnings results on Thursday, February 5th. The company reported C$1.47 earnings per share for the quarter. The business had revenue of C$2.76 billion for the quarter. Thomson Reuters had a net margin of 32.12% and a return on equity of 20.19%. On average, sell-side analysts anticipate that Thomson Reuters will post 5.6395803 earnings per share for the current fiscal year.
Trending Headlines about Thomson Reuters
Here are the key news stories impacting Thomson Reuters this week:
- Positive Sentiment: Q4 results showed underlying strength — TRI reported C$1.47 EPS and C$2.76B revenue with a 32% net margin, reinforcing profitability and supporting the company’s AI-related growth narrative. Q4 Earnings Highlights
- Positive Sentiment: Management framed recent weakness in software/AI stocks as sentiment-driven rather than fundamental, a message aimed at calming investors and defending valuation. CEO Comments on Software Stocks
- Neutral Sentiment: Market coverage includes full Q4 earnings call transcripts and writeups highlighting revenue growth and AI initiatives — useful for investors wanting detail but not a clear immediate catalyst. Earnings Call Transcript
- Negative Sentiment: Multiple major banks cut price targets today — TD lowered its target to C$175 (from C$285), BMO to C$165 (from C$275), and CIBC to C$140 (from C$183). Though several firms kept buy/outperform ratings, the across‑the‑board target reductions are putting downward pressure on the share price. BayStreet.CA Analyst Ratings
- Negative Sentiment: National Bank also trimmed its target on adjusted valuation assumptions, adding to the negative analyst tone and raising questions about near‑term valuation multiples. National Bank Cuts Target
Thomson Reuters Company Profile
Thomson Reuters is the result of the $17.6 billion megamerger of Canada’s Thomson and the United Kingdom’s Reuters Group in 2008 and the 2018 carve-out of its finance and risk business, Refinitiv, in which it holds a 45% stake. In 2019, the company agreed to exchange its 45% stake in Refinitiv for a 15% stake in LSE. Since the divestiture, the company is more concentrated on selling its flagship legal data and software, WestLaw, and its tax accounting software, OneSource. In addition, the company does hold a significant investment in the publicly traded Tradeweb, which operates a fixed income exchange.
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