Last Updated: 10 Nov 2024
Executive Summary
Thomson Reuters Corp (TRI) is a leading provider of business information services with a market capitalization of $75.92 billion. The company has a strong financial position with an EBITDA of $2.07 billion and a profit margin of 32.1%. TRI's stock price currently trades at $168.23, slightly below its 52-week high of $175.88. The company has a trailing P/E ratio of 34.12 and a forward P/E ratio of 41.15. Analysts have a consensus rating of "Hold" on the stock, with a target price of $170.91.
Company Overview
Thomson Reuters Corp provides business information services to clients in the Americas, Europe, the Middle East, Africa, and Asia Pacific. The company's products and services include news, data, analytics, and software solutions. TRI's customers include financial institutions, corporations, governments, and individuals. The company has a global workforce of over 45,000 employees.
Fundamental Analysis
TRI's financial performance has been solid in recent years. The company's revenue has grown at a compound annual growth rate (CAGR) of 3.5% over the past five years. TRI's EBITDA has also grown at a CAGR of 4.2% over the same period. The company's profit margin has remained relatively stable at around 32%.
TRI's balance sheet is also strong. The company has a low level of debt and a high level of cash and equivalents. TRI's return on assets (ROA) and return on equity (ROE) are both above industry averages.
Technical Analysis
TRI's stock price has been trending higher in recent months. The stock broke out of a consolidation pattern in early 2023 and has since made a series of higher highs and higher lows. The stock's 50-day moving average and 200-day moving average are both trending higher, which is a bullish sign.
TRI's relative strength index (RSI) is currently at 62, which is in the overbought range. This suggests that the stock may be due for a pullback in the near term. However, the stock's overall trend is still bullish, and a pullback could provide an opportunity to buy the stock at a lower price.
Short Term Outlook
In the short term, TRI's stock price is likely to continue to trend higher. The stock's technical indicators are bullish, and the company's fundamentals are strong. However, the stock's RSI is in the overbought range, which suggests that a pullback could be possible in the near term.
Long Term Outlook
In the long term, TRI's stock price is likely to continue to grow. The company's business is well-positioned to benefit from the growing demand for business information services. TRI's strong financial position and commitment to innovation should allow the company to continue to grow its market share and generate shareholder value.
Analyst Recommendations
Analysts have a consensus rating of "Hold" on TRI's stock. The average analyst target price is $170.91, which represents a potential upside of 1.6% from the current price. Five analysts have a "Buy" rating on the stock, nine have a "Hold" rating, and two have a "Sell" rating.
