Thomson Reuters Corporation provides business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments. The Corporates segment provides a suite of content-enabled technology solutions for legal, tax, regulatory, compliance, and IT professionals. The Tax & Accounting Professionals segment offers research and workflow products focusing on tax offerings and automating tax workflows to tax, accounting, and audit professionals in accounting firms. The Reuters News segment provides business, financial, national, and international news to professionals through desktop terminals, media organizations, and industry events, as well as directly to consumers. The Global Print segment offers legal and tax information primarily in print format to legal and tax professionals, governments, law schools, and corporations. The company was formerly known as The Thomson Corporation and changed its name to Thomson Reuters Corporation in April 2008. The company was founded in 1851 and is headquartered in Toronto, Canada. Thomson Reuters Corporation is a subsidiary of The Woodbridge Company Limited.
IPO Year:
Exchange: NYSE
Website: thomsonreuters.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
9/9/2024 | Sector Perform → Outperform | National Bank Financial | |
8/27/2024 | $164.00 → $182.00 | Sector Perform → Sector Outperform | Scotiabank |
4/23/2024 | Underperform → Sector Perform | National Bank Financial | |
3/14/2024 | $150.00 → $180.00 | Equal Weight → Overweight | Barclays |
11/7/2023 | $153.00 | Buy | UBS |
8/3/2023 | Outperform → Sector Perform | National Bank Financial | |
8/3/2023 | $140.00 | Sector Outperform → Neutral | CIBC |
8/3/2023 | $135.00 → $139.00 | Outperform → Sector Perform | RBC Capital Mkts |
5/31/2023 | $100.00 → $115.00 | Underperform → Neutral | Exane BNP Paribas |
5/8/2023 | Sector Perform → Outperform | National Bank Financial |
National Bank Financial upgraded Thomson Reuters from Sector Perform to Outperform
Scotiabank upgraded Thomson Reuters from Sector Perform to Sector Outperform and set a new price target of $182.00 from $164.00 previously
National Bank Financial upgraded Thomson Reuters from Underperform to Sector Perform
Barclays upgraded Thomson Reuters from Equal Weight to Overweight and set a new price target of $180.00 from $150.00 previously
UBS initiated coverage of Thomson Reuters with a rating of Buy and set a new price target of $153.00
National Bank Financial downgraded Thomson Reuters from Outperform to Sector Perform
CIBC downgraded Thomson Reuters from Sector Outperform to Neutral and set a new price target of $140.00
RBC Capital Mkts downgraded Thomson Reuters from Outperform to Sector Perform and set a new price target of $139.00 from $135.00 previously
Exane BNP Paribas upgraded Thomson Reuters from Underperform to Neutral and set a new price target of $115.00 from $100.00 previously
National Bank Financial upgraded Thomson Reuters from Sector Perform to Outperform
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Thomson Reuters (NYSE:TRI) has outperformed the market over the past 10 years by 4.74% on an annualized basis producing an average annual return of 15.37%. Currently, Thomson Reuters has a market capitalization of $76.92 billion. Buying $1000 In TRI: If an investor had bought $1000 of TRI stock 10 years ago, it would be worth $4,202.77 today based on a price of $170.74 for TRI at the time of writing. Thomson Reuters's Performance Over Last 10 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated con
Thomson Reuters (NYSE:TRI) announced today that it and certain investment funds affiliated with Blackstone collectively sold 17.3 million London Stock Exchange Group PLC (LSEG) shares that they co-own for a price of £91.50 per share. The sale was conducted through a placement to institutional investors and an offer to retail investors. Following the settlement of the transaction, Thomson Reuters will no longer hold any interest in LSEG.Of the shares sold, approximately 4.3 million shares were indirectly owned by Thomson Reuters. Upon the closing of the transaction, Thomson Reuters expects to receive pre-tax net proceeds of approximately $0.5 billion.
UBS analyst Kevin Mcveigh maintains Thomson Reuters (NYSE:TRI) with a Buy and raises the price target from $177 to $190.
Canaccord Genuity analyst Aravinda Galappatthige maintains Thomson Reuters (NYSE:TRI) with a Hold and raises the price target from $149 to $156.
Scotiabank analyst Maher Yaghi maintains Thomson Reuters (NYSE:TRI) with a Sector Perform and raises the price target from $159 to $164.
JP Morgan analyst Andrew Steinerman maintains Thomson Reuters (NYSE:TRI) with a Neutral and raises the price target from $152 to $163.
Thomson Reuters Corp (NYSE: TRI) reported fiscal first-quarter 2024 revenue growth of 8% year-on-year to $1.89 billion, beating the analyst consensus of $1.86 billion. The business information services provider’s adjusted EPS of $1.11 beat the analyst consensus of $0.95. The stock price gained after the print. Organic revenues increased by 9%, driven by 9% growth in recurring revenues (76% of total revenues). The “Big 3” segments (Legal Professionals, Corporates, and Tax & Accounting Professionals) collectively comprised 83% of total revenues and reported organic revenue growth of 10%. Legal Professionals’ revenue grew by 1% Y/Y to $721 million, Corporates’ revenue rose 17% Y/
TORONTO, Oct. 22, 2024 /PRNewswire/ -- Thomson Reuters Corporation ("Thomson Reuters") (NYSE:TRI), a global content and technology company, today announced it has acquired Materia, a US-based startup that specializes in the development of an agentic AI assistant for the tax, audit and accounting profession. This transaction, which is complementary to Thomson Reuters AI roadmap, accelerates Thomson Reuters vision for the provision of generative AI tools to the professions it serves. Founded in 2022, Materia is purpose built for tax, audit and accounting use cases. Its agentic A
WASHINGTON, Jan. 17, 2024 /PRNewswire/ -- ACAMS, a leading global membership organization dedicated to supporting anti-financial crime professionals in the fight against illicit activities, today announced the appointment of Neil Sternthal as Chief Executive Officer, effective January 15, 2024. In addition, Mr. Sternthal will join Mariah Gause, Chief Operating Officer, as the two executive officers to the company's Board of Directors. Mr. Sternthal joins ACAMS after nearly 22 years with Thomson Reuters (NYSE:TRI), a leading global information and news media organization. A la
Group Believes Board Has Disregarded Shareholders' Concerns by Appointing Solomon Trujillo as "Independent" Chairman Highlights Conflicting Financial Arrangements and Interlocks Among Board Members, Including Mr. Trujillo and Chief Executive Officer Marlow Hernandez Reiterates Demand that the Board Respect the Wishes of Shareholders by Making Necessary Leadership Changes or Reopening the Window to Nominate Director Candidates and Submit Proposals at 2023 Annual Meeting Elliot Cooperstone, Lewis Gold and Barry Sternlicht (collectively with certain of their affiliates, the "Group" or "we"), who recently resigned as members of the Board of Directors (the "Board") of Cano Health, Inc. ("C
TORONTO, Jan. 12, 2022 /PRNewswire/ -- Thomson Reuters (NYSE:TRI) today announced the appointment of LaVerne Council to the company's Board of Directors, effective immediately. "We are privileged to have a board that consists of a strong cadre of leaders with a breadth of perspectives and backgrounds. I am pleased to have LaVerne join our boardroom. Her expertise in information technology, business operations and transformational change will prove invaluable as we continue to transition from a holding company to an operating company," said David Thomson, chairman of Thomson Re
TORONTO, Nov. 7, 2024 /PRNewswire/ -- Steve Hasker, president and chief executive officer and Mike Eastwood, chief financial officer of Thomson Reuters (TSX/NYSE:TRI) will both present at the JP Morgan Ultimate Services Investor Conference on Thursday, November 14, 2024, at 3:10 p.m. ET. The presentation may include forward-looking information. A live audio webcast will be available in the Investor Relations section of tr.com 24 hours prior to the start of the program. Additionally, an archive of the webcast will be available following the presentation. Thomson Reuters Thomson
TORONTO, Nov. 5, 2024 /PRNewswire/ -- Thomson Reuters (TSX/NYSE:TRI) today reported results for the third quarter ended September 30, 2024: Good revenue momentum continued in the third quarterTotal company revenues up 8%, organic revenues up 7%Organic revenues up 9% for the "Big 3" segments (Legal Professionals, Corporates and Tax & Accounting Professionals)Raised total company full-year organic revenue growth outlook to approximately 7%Raised organic revenue growth outlook for "Big 3" to approximately 8.5%Announced agreement to sell its FindLaw business"We saw good momentum c
Six-Member Slate Possesses Necessary Software, Legal Technology, Operations and Capital Allocation Experience to Oversee a Value-Enhancing Turnaround Believes Significant Boardroom Change is Warranted Following Years of Disappointing Shareholder Returns, Value-Destructive M&A, High Employee Turnover, Inappropriate Executive Compensation and Anti-Shareholder Actions Upcoming Annual Meeting Provides Opportunity for Shareholders to Elect Leaders Who Will Hold Management Accountable, Close Dye & Durham's Valuation Gap and Restore Trust with Company Stakeholders Engine Capital LP (together with its affiliates, "Engine" or "we"), which owns approximately 7.1% of the issued and outstanding comm
AI for Justice Legal Aid - Thomson Reuters announces first Legal Innovators Incubator class and subsidized CoCounsel pricing for legal aid organizations (LSOs).AI Policy Consortium - New initiatives bolster ongoing efforts such as the recently launched AI Policy Consortium for Law and Courts, a joint effort from Thomson Reuters Institute and the National Center for State Courts (NCSC).TORONTO, Oct. 24, 2024 /PRNewswire/ -- Thomson Reuters (NYSE:TRI), a global content and technology company, today launched its AI for Justice Legal Aid program, including both the Legal Innovators Incubator and subsidized pricing for legal nonprofits.
TORONTO, Oct. 22, 2024 /PRNewswire/ -- Thomson Reuters Corporation ("Thomson Reuters") (NYSE:TRI), a global content and technology company, today announced it has acquired Materia, a US-based startup that specializes in the development of an agentic AI assistant for the tax, audit and accounting profession. This transaction, which is complementary to Thomson Reuters AI roadmap, accelerates Thomson Reuters vision for the provision of generative AI tools to the professions it serves. Founded in 2022, Materia is purpose built for tax, audit and accounting use cases. Its agentic A
TORONTO, Oct. 3, 2024 /PRNewswire/ -- Thomson Reuters (NYSE:TRI), a global content and technology company, today announced it has entered into a definitive agreement to sell its FindLaw business to Internet Brands. Internet Brands is a fully integrated online media and software services company that is a leading operator of digital platforms in high-value vertical categories, including Health and Legal. Over the last 20 years, FindLaw has established itself as a premier destination for legal assistance and a key marketing platform for law firms. Internet Brands' proprietary op
Conference call and webcast scheduled for 8:30 a.m. EST TORONTO, ON, Oct. 1, 2024 /PRNewswire/ -- Thomson Reuters (NYSE:TRI) announced today its third-quarter 2024 earnings will be issued via news release on Tuesday, November 5, 2024. Steve Hasker, president and chief executive officer, and Mike Eastwood, chief financial officer, will host a conference call and simultaneous webcast that morning at 8:30 a.m. EST. Discussions may include forward-looking information. You can access the webcast by visiting the Investor Relations section of the Thomson Reuters website. Registration
GOTHENBURG, Sweden, Sept. 25, 2024 /PRNewswire/ -- Pagero, a provider of e-invoicing and continuous transaction controls compliance solutions for the global market and part of Thomson Reuters, has been recognized as a Leader in the IDC MarketScape: European Compliant e-Invoicing 2024 Vendor Assessment (doc #EUR151806424, September 2024). We believe this prestigious recognition underscores Pagero's position as a trusted partner for companies seeking comprehensive, compliant and innovative e-invoicing solutions across Europe, and beyond. "We're honored to be recognized by the I
Next-gen CoCounsel AI assistant marks significant milestone in company's vision for a single GenAI assistant enabling professionals across industries to accelerate and streamline entire workflows. CoCounsel 2.0 generates answers three times faster than the current version, operates more intuitively, and delivers more thorough, nuanced results.CoCounsel 2.0 tests combining the unique capabilities and strengths from OpenAI, Google, and Thomson Reuters such as its industry-leading content and legal technology.TORONTO, Aug. 12, 2024 /PRNewswire/ -- Thomson Reuters (NYSE:TRI), a global content and technology company, today announced CoCounsel 2.0, the professional-grade GenAI assistant. CoCounsel
TORONTO, Aug. 1, 2024 /PRNewswire/ -- Thomson Reuters (NYSE:TRI) today reported results for the second quarter ended June 30, 2024: Good revenue momentum continued in the second quarterTotal company and organic revenues both up 6%Organic revenues up 8% for the "Big 3" segments (Legal Professionals, Corporates and Tax & Accounting Professionals)Based on Q2 performance, raised full-year 2024 outlook for total and organic revenue growth to the high end of the prior rangesCompleted monetization of interest in London Stock Exchange Group (LSEG) in the second quarterCompleted $1.0 b
TORONTO, Nov. 5, 2024 /PRNewswire/ -- Thomson Reuters (TSX/NYSE:TRI) today reported results for the third quarter ended September 30, 2024: Good revenue momentum continued in the third quarterTotal company revenues up 8%, organic revenues up 7%Organic revenues up 9% for the "Big 3" segments (Legal Professionals, Corporates and Tax & Accounting Professionals)Raised total company full-year organic revenue growth outlook to approximately 7%Raised organic revenue growth outlook for "Big 3" to approximately 8.5%Announced agreement to sell its FindLaw business"We saw good momentum c
Conference call and webcast scheduled for 8:30 a.m. EST TORONTO, ON, Oct. 1, 2024 /PRNewswire/ -- Thomson Reuters (NYSE:TRI) announced today its third-quarter 2024 earnings will be issued via news release on Tuesday, November 5, 2024. Steve Hasker, president and chief executive officer, and Mike Eastwood, chief financial officer, will host a conference call and simultaneous webcast that morning at 8:30 a.m. EST. Discussions may include forward-looking information. You can access the webcast by visiting the Investor Relations section of the Thomson Reuters website. Registration
TORONTO, Aug. 1, 2024 /PRNewswire/ -- Thomson Reuters (NYSE:TRI) today reported results for the second quarter ended June 30, 2024: Good revenue momentum continued in the second quarterTotal company and organic revenues both up 6%Organic revenues up 8% for the "Big 3" segments (Legal Professionals, Corporates and Tax & Accounting Professionals)Based on Q2 performance, raised full-year 2024 outlook for total and organic revenue growth to the high end of the prior rangesCompleted monetization of interest in London Stock Exchange Group (LSEG) in the second quarterCompleted $1.0 b
Conference call and webcast scheduled for 8:30 a.m. EDT TORONTO, June 27, 2024 /PRNewswire/ -- Thomson Reuters (NYSE:TRI) announced today its second-quarter 2024 earnings will be issued via news release on Thursday, August 1, 2024. Steve Hasker, president and chief executive officer, and Mike Eastwood, chief financial officer, will host a conference call and simultaneous webcast that morning at 8:30 a.m. EDT. Discussions may include forward-looking information. You can access the webcast by visiting the Investor Relations section of the Thomson Reuters website. Registration fo
TORONTO, May 2, 2024 /PRNewswire/ -- Thomson Reuters (NYSE:TRI) today reported results for the first quarter ended March 31, 2024: Revenue momentum continued in the first quarterTotal company revenues up 8% / organic revenues up 9%Organic revenues up 10% for the "Big 3" segments (Legal Professionals, Corporates and Tax & Accounting Professionals)Based on Q1 performance, moderately raised 2024 outlook for total and organic revenue growthMaintained guidance on all other metricsSold 10.1 million shares of London Stock Exchange Group (LSEG) in the first quarter for gross proceeds
Conference call and webcast scheduled for 9:00 a.m. EDT TORONTO, March 27, 2024 /PRNewswire/ -- Thomson Reuters (NYSE:TRI) announced today its first-quarter 2024 earnings will be issued via news release on Thursday, May 2, 2024. Steve Hasker, president and chief executive officer, and Mike Eastwood, chief financial officer, will host a conference call and simultaneous webcast that morning at 9:00 a.m. EDT. Discussions may include forward-looking information. You can access the webcast by visiting the "Investor Relations" section of the Thomson Reuters website. Registration fo
TORONTO, Feb. 8, 2024 /PRNewswire/ -- Thomson Reuters (NYSE:TRI) today reported results for the fourth quarter and full year ended December 31, 2023: Good revenue momentum continued in the fourth quarter and full yearFull-year total company revenue up 3% / organic revenue up 6%Fourth-quarter total company revenue up 3% / organic revenue up 7%Organic revenue up 8% for the "Big 3" segments (Legal Professionals, Corporates and Tax & Accounting Professionals)Met or exceeded full-year 2023 outlook for organic revenue, adjusted EBITDA margin and free cash flowFull-year 2024 outlook
TORONTO, Feb. 8, 2024 /CNW/ -- Thomson Reuters (NYSE:TRI) today reported results for the fourth quarter and full year ended December 31, 2023: Good revenue momentum continued in the fourth quarter and full yearFull-year total company revenue up 3% / organic revenue up 6%Fourth-quarter total company revenue up 3% / organic revenue up 7%Organic revenue up 8% for the "Big 3" segments (Legal Professionals, Corporates and Tax & Accounting Professionals)Met or exceeded full-year 2023 outlook for organic revenue, adjusted EBITDA margin and free cash flowFull-year 2024 outlook anticip
TORONTO, Jan. 16, 2024 /PRNewswire/ -- Thomson Reuters Corporation ("Thomson Reuters") (TSX:TRI), a global content and technology company, announced today that it has acquired World Business Media Limited, a cross-platform, subscription-based provider of editorial coverage for the (re)insurance industry. This acquisition is in line with Reuters strategic priority to provide must-have news and insight for new customer markets and professional verticals. Based in London and with an additional editorial hub in New York, World Business Media Limited's editorial team provides must-
TORONTO, Jan. 15, 2024 /PRNewswire/ -- Thomson Reuters Corporation (TSX:TRI) ("Thomson Reuters") a global content and technology company, has today announced the acquisition of approximately 53.81 per cent of the shares in Pagero Group AB (publ) (Nasdaq First North Growth Market: PAGERO) ("Pagero" or the "Company") from key shareholders, including Summa Equity, Pagero's CEO Bengt Nilsson, as well as several members of the management team and employees, making Thomson Reuters the majority shareholder in Pagero. On January 11, 2024 Thomson Reuters announced a recommended public