Thomson Reuters Corp's stock has seen significant declines this week due to important company news.
Thomson Reuters Corp (TRI.TO) has dropped 3.85% today and 8.13% over the past week, reflecting broader investor sentiment and recent developments. This week, the announcement of a joint venture with KKR for its global print business has contributed to the stock's narrative.
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Thomson Reuters Corp
TRI.TO
TRI.TO
Thomson Reuters Corp
WealthAwesomeMarket cap
$55.84B
P/E
25.9x
Div. yield
1.85%
Div. / share
$2.48
52W high
$276.53
52W low
$107.10
1W change
-8.13%
Beta
0.17
Analyst Price Targets
Based on analyst covering TRI
Wall Street analysts forecast TRI stock price to rise 41.2% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$173.65
+41.2% Upside
Current Price
C$122.99
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on TRI's historical volatility
30-Day Vol
50.9%
Annualized
90-Day Vol
48.0%
Annualized
Trend (90d)
-1.3%
Annualized drift
90d Mean
C$122.40
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$122.79 | C$103.03 โ C$146.35 |
| 60 trading days | C$122.60 | C$95.65 โ C$157.13 |
| 90 trading days | C$122.40 | C$90.32 โ C$165.88 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Investor takeaway: Investors should think about how the joint venture might affect Thomson Reuters' operations and profitability, while also considering the stock's technical indicators and market performance.
Thomson Reuters Corp's stock down 3.85% today; 8.13% this week.
With a market cap of about C$55.84 billion and a profit margin of 19.9%, the company remains a key player in the industrial sector despite recent stock fluctuations.
Bull case
The joint venture with KKR could improve the efficiency and reach of Thomson Reuters' global print business, potentially boosting profitability and market share.
Bear case
The recent drop in stock price may signal investor concerns about the company's future performance and how the joint venture will fit into its overall strategy.
Company News
This week, Thomson Reuters announced a joint venture with KKR focused on its global print business, aiming to streamline operations and enhance service offerings. This strategic move could help the company leverage KKR's expertise and resources, but it has also raised questions among investors about potential impacts on profitability and market positioning.
Technical Picture
As of the latest close, Thomson Reuters' stock is trading at C$120.72, slightly above its 50-day moving average of C$119.93, indicating some short-term stability. However, it is significantly below its 200-day moving average of C$151.68, suggesting a bearish long-term trend. The stock has a 52-week range of C$107.10 to C$276.53, currently sitting at just 8% of this range. With a beta of 0.17, the stock shows low volatility compared to the market.
Insider Activity
No significant insider activity has been reported recently, which may suggest that current stakeholders are holding their positions amid the recent market movements.
Price Action
Thomson Reuters Corp closed at C$120.72 today, reflecting a decline of 3.85% in a single day and an 8.13% drop over the week.
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