Thomson Reuters Corp (TRI.TO) saw a significant uptick in its stock price today, driven by strategic business developments.
On the Toronto Stock Exchange, Thomson Reuters Corp's stock rose by 3.63% to close at CA$138.73. This increase follows a major announcement about a joint venture that aims to reshape its Global Print business.
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Thomson Reuters Corp
TRI.TO
TRI.TO
Thomson Reuters Corp
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Market cap
$63.24B
P/E
27.4x
Div. yield
1.75%
Div. / share
$2.54
52W high
$243.88
52W low
$107.10
1W change
+3.90%
Beta
0.17
Analyst Price Targets
Based on analyst covering TRI
Wall Street analysts forecast TRI stock price to rise 24.3% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$177.51
+24.3% Upside
Current Price
C$142.85
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
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Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on TRI's historical volatility
30-Day Vol
74.2%
Annualized
90-Day Vol
58.3%
Annualized
Trend (90d)
+50.0%
Annualized drift
90d Mean
C$170.78
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$151.61 | C$117.35 – C$195.88 |
| 60 trading days | C$160.91 | C$112.01 – C$231.16 |
| 90 trading days | C$170.78 | C$109.58 – C$266.15 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Investor takeaway: The joint venture with KKR not only brings in immediate capital but also allows Thomson Reuters to focus on its core strengths in technology and information services.
Thomson Reuters Market Cap Surges to CA$60.56 Billion
With a market cap of CA$60.56 billion, Thomson Reuters is well-positioned to leverage its resources for growth and innovation in the legal and tax sectors.
Bull case
The partnership with KKR is expected to boost operational capabilities and unlock value in the Global Print business. This could lead to new revenue streams and enhance market competitiveness.
Bear case
Investors should stay cautious, as the success of the joint venture hinges on regulatory approvals and the effective execution of operational strategies, which may present risks.
Strategic Joint Venture with KKR
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Thomson Reuters announced a joint venture with KKR, selling a 51% stake in its Global Print business for about $500 million. This move aims to improve the print division's operations while allowing Thomson Reuters to keep a significant equity interest and maintain editorial control.
Market Reaction and Future Outlook
The market reacted positively to the news, as shown by the 3.63% rise in stock price. Investors are optimistic about the potential for a stronger focus on innovative AI solutions and the operational independence of the Global Print business, which could drive future growth.
Key Financial Metrics
Thomson Reuters boasts a P/E ratio of 28.14 and a profit margin of 19.93%. With a dividend yield of 1.85%, the company remains an attractive option for investors seeking stability and growth in the tech-driven information sector. For more detailed financial insights, visit our Thomson Reuters stock page.
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