Thomson Reuters (NASDAQ:TRI) Price Target Raised to $130.50

Thomson Reuters (NASDAQ:TRI) had its price objective raised by Canaccord Genuity Group from $129.50 to $130.50 in a research report issued to clients and investors on Wednesday, BayStreet reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group‘s target price would suggest a potential upside of 10.56% from the stock’s previous close.

TRI has been the topic of a number of other reports. Morgan Stanley set a $110.00 price target on Thomson Reuters and gave the stock an “equal weight” rating in a research note on Tuesday, October 13th. Weiss Ratings upgraded shares of Thomson Reuters from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 15th. Royal Bank Of Canada raised their target price on shares of Thomson Reuters from $124.00 to $130.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 28th. Scotiabank restated a “sector outperform” rating and issued a $135.00 target price on shares of Thomson Reuters in a report on Thursday, August 6th. Finally, Barclays dropped their price target on shares of Thomson Reuters from $140.00 to $130.00 and set an “overweight” rating for the company in a research report on Tuesday, September 8th. Twelve equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $128.06.

Thomson Reuters Trading Up 7.1%

Shares of Thomson Reuters stock traded up $7.86 during trading hours on Wednesday, reaching $118.03. 1,123,389 shares of the company’s stock were exchanged, compared to its average volume of 2,145,972. Thomson Reuters has a 52-week low of $76.28 and a 52-week high of $149.71. The firm has a market capitalization of $51.15 billion, a price-to-earnings ratio of 31.46, a price-to-earnings-growth ratio of 2.35 and a beta of 0.69. The company has a fifty day moving average of $105.18 and a 200-day moving average of $97.23. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.12.

Thomson Reuters (NASDAQ:TRI) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.08). The business had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Thomson Reuters had a net margin of 21.22% and a return on equity of 15.82%. Thomson Reuters’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 EPS. Sell-side analysts forecast that Thomson Reuters will post 4.46 EPS for the current fiscal year.

Institutional Trading of Thomson Reuters

A number of institutional investors have recently modified their holdings of TRI. Bank of America Corp DE boosted its holdings in Thomson Reuters by 48.7% in the first quarter. Bank of America Corp DE now owns 1,627,069 shares of the company’s stock valued at $146,404,000 after purchasing an additional 532,803 shares during the last quarter. First Trust Advisors LP grew its stake in Thomson Reuters by 33.3% during the 1st quarter. First Trust Advisors LP now owns 1,588,756 shares of the company’s stock valued at $142,956,000 after purchasing an additional 397,150 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Thomson Reuters by 65.1% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,500,365 shares of the company’s stock worth $135,297,000 after purchasing an additional 591,642 shares during the last quarter. TD Waterhouse Canada Inc. increased its holdings in Thomson Reuters by 13.2% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 1,468,484 shares of the company’s stock worth $143,304,000 after purchasing an additional 171,375 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Thomson Reuters in the 2nd quarter valued at approximately $107,223,000. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Key Stories Impacting Thomson Reuters

Here are the key news stories impacting Thomson Reuters this week:

• Positive Sentiment: Third-quarter organic revenue increased 10%, including 10% growth across the Legal Professionals, Corporates, and Tax, Audit & Accounting segments. The company also cited encouraging customer engagement with newer CoCounsel products. Thomson Reuters Reports Third-Quarter 2026 Results
• Positive Sentiment: Generative AI products reached 34% of annualized contract value, a sign of growing uptake that could support longer-term growth. Thomson Reuters: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Thomson Reuters updated its 2026 company outlook to exclude the Global Print business, which it sold a 51% stake in for about $500 million. It now expects roughly 9.5% total revenue growth, 8.5%–9.0% organic revenue growth, and an adjusted EBITDA margin of about 39%; guidance for its “Big 3” segments was unchanged. Thomson Reuters Reports Third-Quarter 2026 Results
• Neutral Sentiment: The company declared a quarterly dividend of $0.655 per share, payable December 10 to shareholders of record November 18. Quarterly Dividend Announcement
• Negative Sentiment: Adjusted earnings were $0.81 per share, below the $0.89 analyst consensus. Although revenue was about $1.8 billion and organic growth was strong, reports said revenue also disappointed expectations. Higher software amortization and margin pressure weighed on profitability, while weak cash flow added to investor concerns. TRI Q3 Earnings & Revenues Miss Estimates

About Thomson Reuters

Thomson Reuters is a global provider of information, software and technology solutions for professionals and institutions. The company serves customers in the legal, tax, accounting, audit, corporate, government, risk and compliance sectors, as well as the media industry. Its offerings combine authoritative content with workflow tools, data analytics and artificial intelligence.

Key products and services include Westlaw and Practical Law for legal research and practice management; Checkpoint and ONESOURCE for tax and accounting professionals; Confirmation for audit-related workflows; and CoCounsel, an AI-assisted legal technology platform.