Thomson Reuters (TRI) Stock Forecast, Price Target & Predictions
TRI Stock Forecast
Thomson Reuters stock forecast is as follows: an average price target of $148.10 (represents a -8.13% downside from TRI’s last price of $161.20) and a rating consensus of 'Hold', based on 13 wall street analysts offering a 1-year stock forecast.
TRI Price Target
The average price target for Thomson Reuters (TRI) is $148.10 based on 1-year price targets from 13 Wall Street analysts in the past 3 months, with a price target range of $182.00 to $115.11. This represents a potential -8.13% downside from TRI's last price of $161.20.
TRI Analyst Ratings
According to 13 Wall Street analysts, Thomson Reuters's rating consensus is 'Hold'. The analyst rating breakdown for TRI stock is 0 'Strong Buy' (0.00%), 6 'Buy' (46.15%), 7 'Hold' (53.85%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Thomson Reuters Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 27, 2024 | Maher Yaghi | Scotiabank | - | - | 8.86% | 12.90% |
| Aug 02, 2024 | Drew McReynolds | RBC Capital | - | - | 5.75% | 4.22% |
| May 03, 2024 | Aravinda Galappatthige | Canaccord Genuity | - | - | -4.27% | -3.23% |
| Mar 13, 2024 | Manav Patnaik | Barclays | - | - | 15.09% | 11.66% |
| Jan 10, 2023 | Goldman Sachs | - | - | 6.36% | -20.87% | |
| Jan 04, 2023 | Morgan Stanley | - | - | -5.80% | -28.59% | |
| Dec 19, 2022 | Scotiabank | - | - | 12.74% | -18.94% | |
| Sep 27, 2022 | Morgan Stanley | - | - | 7.13% | -27.95% | |
| Aug 05, 2022 | Canaccord Genuity | - | - | 8.37% | -21.52% | |
| Jul 01, 2022 | Barclays | - | - | 10.35% | -26.02% |
The latest Thomson Reuters stock forecast, released on Aug 27, 2024 by Maher Yaghi from Scotiabank, set a price target of $182.00, which represents a 8.86% increase from the stock price at the time of the forecast ($167.18), and a 12.90% increase from TRI last price ($161.20).
Thomson Reuters Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 4 |
| Avg Price Target | - | $182.00 | $171.50 |
| Last Closing Price | $161.20 | $161.20 | $161.20 |
| Upside/Downside | -100.00% | 12.90% | 6.39% |
In the current month, the average price target of Thomson Reuters stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Thomson Reuters's last price of $161.20. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 08, 2024 | National Bank | Sector Perform | Outperform | Upgrade |
| Aug 27, 2024 | Scotiabank | Sector Perform | Outperform | Upgrade |
| Aug 02, 2024 | RBC Capital | Sector Perform | Sector Perform | Hold |
| May 03, 2024 | National Bank | Sector Perform | Sector Perform | Hold |
| May 03, 2024 | CIBC | Neutral | Neutral | Hold |
| May 03, 2024 | Scotiabank | Sector Perform | Sector Perform | Hold |
| May 03, 2024 | UBS | Buy | Buy | Hold |
| May 03, 2024 | Canaccord Genuity | Hold | Hold | Hold |
| Apr 22, 2024 | National Bank | Sector Perform | Upgrade | |
| Mar 13, 2024 | Barclays | Equal-Weight | Overweight | Upgrade |
Thomson Reuters's last stock rating was published by National Bank on Sep 08, 2024. The company Upgrade its TRI rating from "Sector Perform" to "Outperform".
Thomson Reuters Financial Forecast
Thomson Reuters Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.74B | $1.76B | $1.57B | $1.61B | $1.67B | $1.71B | $1.53B | $1.53B | $1.58B | $1.62B | $1.44B | $1.41B | $1.52B | $1.58B | $1.41B |
| Avg Forecast | $2.16B | $1.95B | $1.97B | $2.12B | $1.99B | $1.78B | $1.80B | $1.93B | $1.89B | $1.74B | $1.76B | $1.86B | $1.87B | $1.60B | $1.66B | $1.74B | $1.74B | $1.55B | $1.61B | $1.69B | $1.66B | $1.48B | $1.49B | $1.55B | $1.62B | $1.43B | $1.44B | $1.48B | $1.62B | $1.43B |
| High Forecast | $2.20B | $1.98B | $2.00B | $2.15B | $2.02B | $1.80B | $1.83B | $1.96B | $1.91B | $1.77B | $1.78B | $1.89B | $1.89B | $1.62B | $1.68B | $1.76B | $1.77B | $1.55B | $1.61B | $1.69B | $1.66B | $1.48B | $1.49B | $1.55B | $1.62B | $1.43B | $1.44B | $1.48B | $1.62B | $1.43B |
| Low Forecast | $2.14B | $1.93B | $1.95B | $2.09B | $1.97B | $1.76B | $1.78B | $1.90B | $1.88B | $1.72B | $1.74B | $1.84B | $1.85B | $1.58B | $1.64B | $1.72B | $1.72B | $1.55B | $1.61B | $1.69B | $1.66B | $1.48B | $1.49B | $1.55B | $1.62B | $1.43B | $1.44B | $1.48B | $1.62B | $1.43B |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 6 | 3 | 1 | 1 | 3 | 9 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 4 | 7 | 7 | 9 | 8 | 6 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 1.01% | 1.02% | 1.00% | 0.99% | 1.03% | 1.03% | 1.03% | 1.02% | 1.00% | 1.01% | 0.98% | 1.03% | 0.98% | 0.99% |
Thomson Reuters's average Quarter revenue forecast for Jun 23 based on 6 analysts is $1.66B, with a low forecast of $1.64B, and a high forecast of $1.68B. TRI's average Quarter revenue forecast represents a -4.75% decrease compared to the company's last Quarter revenue of $1.74B (Mar 23).
Thomson Reuters EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 6 | 3 | 1 | 1 | 3 | 9 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 4 | 7 | 7 | 9 | 8 | 6 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $591.00M | $397.00M | $1.02B | $895.00M | $601.00M | $-39.00M | $-167.00M | $1.60B | $6.87B | $962.00M | $370.00M | $385.00M | $468.00M | $347.00M | $175.00M |
| Avg Forecast | $858.87M | $773.83M | $781.72M | $840.92M | $789.54M | $704.66M | $713.87M | $764.99M | $750.55M | $691.17M | $697.01M | $737.51M | $743.68M | $635.78M | $656.73M | $689.00M | $-59.29M | $599.82M | $622.44M | $655.02M | $642.86M | $572.02M | $577.92M | $600.70M | $626.28M | $552.10M | $557.12M | $439.80M | $627.39M | $553.79M |
| High Forecast | $871.25M | $784.99M | $792.99M | $853.04M | $800.92M | $714.81M | $724.16M | $776.70M | $758.41M | $701.14M | $707.06M | $748.14M | $751.76M | $640.78M | $666.19M | $698.93M | $-47.43M | $599.82M | $622.44M | $655.02M | $642.86M | $572.02M | $577.92M | $600.70M | $626.28M | $552.10M | $557.12M | $527.76M | $627.39M | $553.79M |
| Low Forecast | $848.65M | $764.62M | $772.42M | $830.92M | $780.14M | $696.27M | $705.37M | $753.28M | $746.62M | $682.95M | $688.72M | $728.73M | $735.59M | $625.34M | $648.91M | $680.80M | $-71.15M | $599.82M | $622.44M | $655.02M | $642.86M | $572.02M | $577.92M | $600.70M | $626.28M | $552.10M | $557.12M | $351.84M | $627.39M | $553.79M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.86% | -6.70% | 1.71% | 1.44% | 0.92% | -0.06% | -0.29% | 2.77% | 11.44% | 1.54% | 0.67% | 0.69% | 1.06% | 0.55% | 0.32% |
6 analysts predict TRI's average Quarter EBITDA for Jun 23 to be $656.73M, with a high of $666.19M and a low of $648.91M. This is 11.12% upper than Thomson Reuters's previous annual EBITDA (Mar 23) of $591.00M.
Thomson Reuters Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 6 | 3 | 1 | 1 | 3 | 9 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 4 | 7 | 7 | 9 | 8 | 6 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $167.00M | $123.00M | $790.00M | $754.00M | $220.00M | $300.00M | $431.00M | $-20.00M | $-1.26B | $562.00M | $418.00M | $284.00M | $193.00M | $1.32B | $232.00M |
| Avg Forecast | $534.14M | $471.50M | $469.00M | $513.16M | $488.26M | $392.58M | $413.85M | $504.41M | $434.47M | $354.24M | $371.93M | $5.49B | $419.49M | $317.94M | $341.32M | $4.34B | $-235.81M | $219.30M | $239.33M | $3.43B | $204.00M | $170.85M | $193.63M | $3.12B | $208.67M | $169.57M | $174.29M | $196.94M | $152.10M | $87.99M |
| High Forecast | $544.15M | $480.34M | $477.79M | $522.78M | $497.41M | $399.94M | $421.61M | $535.66M | $456.86M | $356.65M | $373.66M | $6.59B | $428.61M | $398.55M | $347.72M | $5.21B | $-188.65M | $219.30M | $239.33M | $4.12B | $204.00M | $170.85M | $193.63M | $3.74B | $208.67M | $169.57M | $174.29M | $236.33M | $152.10M | $87.99M |
| Low Forecast | $525.87M | $464.21M | $461.75M | $505.22M | $480.71M | $386.51M | $407.45M | $468.70M | $421.03M | $351.83M | $370.20M | $4.39B | $401.26M | $300.03M | $336.04M | $3.47B | $-282.97M | $219.30M | $239.33M | $2.74B | $204.00M | $170.85M | $193.63M | $2.49B | $208.67M | $169.57M | $174.29M | $157.55M | $152.10M | $87.99M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.04% | -0.52% | 3.60% | 3.15% | 0.06% | 1.47% | 2.52% | -0.10% | -0.41% | 2.69% | 2.47% | 1.63% | 0.98% | 8.70% | 2.64% |
Thomson Reuters's average Quarter net income forecast for Jun 23 is $341.32M, with a range of $336.04M to $347.72M. TRI's average Quarter net income forecast represents a 104.38% increase compared to the company's last Quarter net income of $167.00M (Mar 23).
Thomson Reuters SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 6 | 3 | 1 | 1 | 3 | 9 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 4 | 7 | 7 | 9 | 8 | 6 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $414.00M | - | $1.06B | $355.00M | $1.02B | $545.00M | $281.00M | $929.00M | $361.00M | $280.00M | $419.00M |
| Avg Forecast | $833.63M | $751.10M | $758.75M | $816.21M | $766.34M | $683.95M | $692.89M | $742.52M | $728.50M | $670.86M | $676.53M | $1.11B | $721.83M | $617.10M | $637.43M | $876.91M | $671.81M | $604.21M | $627.00M | $693.21M | $647.57M | $576.20M | $582.15M | $630.19M | $630.86M | $556.14M | $561.20M | $368.37M | $631.98M | $557.84M |
| High Forecast | $845.65M | $761.92M | $769.69M | $827.98M | $777.39M | $693.81M | $702.88M | $753.88M | $736.12M | $680.53M | $686.29M | $1.33B | $729.67M | $621.95M | $646.62M | $1.05B | $681.49M | $604.21M | $627.00M | $831.85M | $647.57M | $576.20M | $582.15M | $756.23M | $630.86M | $556.14M | $561.20M | $442.04M | $631.98M | $557.84M |
| Low Forecast | $823.71M | $742.16M | $749.72M | $806.50M | $757.22M | $675.81M | $684.64M | $731.15M | $724.68M | $662.88M | $668.48M | $887.43M | $713.98M | $606.97M | $629.84M | $701.53M | $663.81M | $604.21M | $627.00M | $554.57M | $647.57M | $576.20M | $582.15M | $504.15M | $630.86M | $556.14M | $561.20M | $294.69M | $631.98M | $557.84M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.60% | - | 1.84% | 0.61% | 1.62% | 0.86% | 0.51% | 1.66% | 0.98% | 0.44% | 0.75% |
Thomson Reuters's average Quarter SG&A projection for Jun 22 is $627.00M, based on 4 Wall Street analysts, with a range of $627.00M to $627.00M. The forecast indicates a 51.45% rise compared to TRI last annual SG&A of $414.00M (Mar 22).
Thomson Reuters EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 6 | 3 | 1 | 1 | 3 | 9 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 4 | 7 | 7 | 9 | 8 | 6 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.35 | $0.26 | $1.64 | $1.55 | $0.45 | $0.62 | $0.83 | $2.15 | $-2.55 | $1.13 | $0.84 | $0.57 | $0.39 | $2.65 | $0.46 |
| Avg Forecast | $1.19 | $1.05 | $1.04 | $1.14 | $1.08 | $0.87 | $0.92 | $1.12 | $0.96 | $0.79 | $0.83 | $0.95 | $0.93 | $0.71 | $0.76 | $0.79 | $0.65 | $0.49 | $0.53 | $0.62 | $0.45 | $0.38 | $0.43 | $0.42 | $0.46 | $0.38 | $0.39 | $0.48 | $0.34 | $0.20 |
| High Forecast | $1.21 | $1.07 | $1.06 | $1.16 | $1.10 | $0.89 | $0.94 | $1.19 | $1.01 | $0.79 | $0.83 | $0.96 | $0.95 | $0.88 | $0.77 | $0.81 | $0.66 | $0.49 | $0.53 | $0.62 | $0.45 | $0.38 | $0.43 | $0.42 | $0.46 | $0.38 | $0.39 | $0.48 | $0.34 | $0.20 |
| Low Forecast | $1.17 | $1.03 | $1.03 | $1.12 | $1.07 | $0.86 | $0.90 | $1.04 | $0.93 | $0.78 | $0.82 | $0.95 | $0.89 | $0.67 | $0.75 | $0.78 | $0.64 | $0.49 | $0.53 | $0.62 | $0.45 | $0.38 | $0.43 | $0.42 | $0.46 | $0.38 | $0.39 | $0.48 | $0.34 | $0.20 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.44% | 0.40% | 3.37% | 2.92% | 0.72% | 1.37% | 2.19% | 5.01% | -6.06% | 2.44% | 2.23% | 1.47% | 0.81% | 7.86% | 2.36% |
According to 6 Wall Street analysts, Thomson Reuters's projected average Quarter EPS for Jun 23 is $0.76, with a low estimate of $0.75 and a high estimate of $0.77. This represents a 116.49% increase compared to TRI previous annual EPS of $0.35 (Mar 23).
Thomson Reuters Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| PFMT | Performant Financial | - | - | 152.37% | Buy |
| CTAS | Cintas | - | - | 77.25% | Buy |
| MMS | Maximus | - | - | 50.50% | |
| GPN | Global Payments | - | - | 34.66% | Buy |
| FA | First Advantage | - | - | 9.95% | Hold |
| CASS | Cass Information Systems | - | - | 0.09% | Buy |
| ARMK | Aramark | - | - | -3.45% | Buy |
| TRI | Thomson Reuters | - | - | -8.13% | Hold |
| AZZ | AZZ | - | - | -8.76% | Buy |
| ABM | ABM Industries | - | - | -17.24% | Buy |
| CPRT | Copart | - | - | -43.38% | Buy |
| RELX | RELX | - | - | -44.39% | Hold |