Royal Bank Of Canada Increases Thomson Reuters (NASDAQ:TRI) Price Target to $124.00

Key Points

• Royal Bank of Canada raised Thomson Reuters’ price target to $124 from $121 and maintained an “outperform” rating, implying 24.84% upside from the prior close.
• Thomson Reuters beat quarterly expectations with EPS of $0.99 versus $0.96 expected and revenue of $1.93 billion versus $1.89 billion, while revenue increased 9.5% year over year.
• The analyst consensus remains “Moderate Buy,” with an average price target of $143.39, although ratings range from Strong Buy to Sell and recent targets have been mixed.

Thomson Reuters (NASDAQ:TRI - Get Free Report) had its target price boosted by stock analysts at Royal Bank Of Canada from $121.00 to $124.00 in a report released on Thursday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Royal Bank Of Canada's target price indicates a potential upside of 24.84% from the stock's previous close.

Several other brokerages have also recently issued reports on TRI. Bank of America decreased their price objective on Thomson Reuters from $115.00 to $98.00 and set a "neutral" rating for the company in a research note on Tuesday, May 19th. Weiss Ratings downgraded shares of Thomson Reuters from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, June 23rd. Barclays reissued an "overweight" rating and issued a $130.00 price objective (down from $170.00) on shares of Thomson Reuters in a research report on Friday, May 8th. Argus began coverage on Thomson Reuters in a research report on Wednesday, April 22nd. They set a "hold" rating for the company. Finally, Wells Fargo & Company set a $85.00 price objective on shares of Thomson Reuters and gave the stock an "equal weight" rating in a report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Thomson Reuters currently has a consensus rating of "Moderate Buy" and an average target price of $143.39.

Thomson Reuters Stock Up 0.7%

Shares of TRI traded up $0.72 during mid-day trading on Thursday, hitting $99.33. 1,344,747 shares of the company's stock were exchanged, compared to its average volume of 2,365,572. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.60 and a current ratio of 0.60. The company has a market cap of $43.27 billion, a price-to-earnings ratio of 28.97, a P/E/G ratio of 1.62 and a beta of 0.75. The stock's 50-day moving average is $88.60 and its 200-day moving average is $93.46. Thomson Reuters has a fifty-two week low of $76.28 and a fifty-two week high of $182.98.

Thomson Reuters (NASDAQ:TRI - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.96 by $0.03. The company had revenue of $1.93 billion during the quarter, compared to analysts' expectations of $1.89 billion. Thomson Reuters had a net margin of 19.93% and a return on equity of 14.99%. The firm's revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.87 EPS. On average, sell-side analysts anticipate that Thomson Reuters will post 4.44 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Thomson Reuters

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Thomson Reuters by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 5,776,640 shares of the company's stock valued at $762,320,000 after purchasing an additional 85,684 shares during the last quarter. TD Asset Management Inc lifted its stake in shares of Thomson Reuters by 0.7% during the fourth quarter. TD Asset Management Inc now owns 4,664,372 shares of the company's stock valued at $616,342,000 after buying an additional 33,418 shares during the period. TLT Family Holdco ULC acquired a new stake in Thomson Reuters during the second quarter worth approximately $865,442,000. SEG Family Corp. purchased a new position in shares of Thomson Reuters during the 2nd quarter worth $659,930,000. Finally, Morgan Stanley boosted its holdings in shares of Thomson Reuters by 31.2% during the fourth quarter. Morgan Stanley now owns 2,802,312 shares of the company's stock worth $369,597,000 after purchasing an additional 665,743 shares during the last quarter. 17.31% of the stock is owned by institutional investors and hedge funds.

Thomson Reuters News Roundup

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

• Positive Sentiment: Thomson Reuters reported second-quarter adjusted earnings of $0.99 per share, above the $0.96 consensus estimate and up from $0.87 a year earlier. Revenue rose 9.5% to $1.93 billion, topping expectations of $1.89 billion. Thomson Reuters Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: The company raised its 2026 revenue-growth outlook to approximately 8% for total revenue and 9.5%–10% for its “Big 3” segments: Legal Professionals, Corporates, and Tax, Audit & Accounting Professionals. Those segments delivered 10% organic growth in the quarter. Thomson Reuters Reports Higher Second-Quarter Revenue and Raises Full-Year Forecast
• Positive Sentiment: Management highlighted the rollout of “Fiduciary-Grade AI” solutions as a key second-half priority, suggesting AI adoption could support longer-term growth, customer retention and productivity. Thomson Reuters Raises Full-Year Revenue Outlook With Focus on AI Rollout
• Positive Sentiment: Thomson Reuters declared a quarterly dividend of $0.655 per share, equivalent to an indicated 2.7% yield, reinforcing the stock’s appeal to income-oriented investors. Thomson Reuters Dividend Announcement
• Neutral Sentiment: The company agreed to sell a 51% stake in its Global Print business to KKR, expecting approximately $500 million in gross proceeds. The transaction may sharpen focus on higher-growth digital operations, although it also reduces ownership of the print business. Thomson Reuters Reports Second-Quarter 2026 Results
• Negative Sentiment: Despite the earnings beat, commentary noting the shares had recently sold off suggests investors remain sensitive to valuation and the execution risk associated with the AI investment cycle. A bullish analyst view argues the dividend-focused stock is attractive after that pullback, but valuation concerns could limit further gains. Thomson Reuters Buy This Dividend Aristocrat While It Is on Sale

Thomson Reuters Company Profile

Thomson Reuters is a global provider of information and technology solutions for professional markets, including financial services, legal, tax and accounting, and media industries. The company delivers a range of data, analytics and software tools designed to help customers make informed decisions, manage risk and stay compliant with evolving regulations. Its key offerings include the Eikon financial data platform, Westlaw legal research service, Checkpoint tax and accounting solution, and Reuters News, which supplies real‐time journalism to media organizations worldwide.

Formed in 2008 through the merger of Canada's Thomson Corporation (founded in 1934) and the UK's Reuters Group (established in 1851), Thomson Reuters has built on a legacy of journalistic integrity and information innovation.

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