BMO Capital analyst Tim Casey maintained a Buy rating on Thomson Reuters (TRI – Research Report) yesterday and set a price target of C$265.00.
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Tim Casey has given his Buy rating due to a combination of factors that highlight Thomson Reuters’ strong market position and future growth potential. The company’s recent performance showed revenue in line with expectations and EBITDA slightly exceeding forecasts, despite some margin pressures due to strategic investments and acquisitions. Notably, the company is seeing significant adoption of its GenAI products, contributing to a steady increase in recurring revenue, which is expected to grow further as product offerings expand.
Moreover, Thomson Reuters continues to demonstrate strong capital management, with a 10% dividend increase and plans for substantial capital deployment through 2027. The company’s focus on AI-driven innovation, especially in its Tax & Accounting segment, positions it well for continued growth, capitalizing on increasing demand for automation and efficiency amid regulatory changes. These factors, combined with the company’s robust financial health and strategic acquisitions, support the positive outlook and Buy rating assigned by Tim Casey.
In another report released today, National Bank also maintained a Buy rating on the stock with a C$286.00 price target.
Based on the recent corporate insider activity of 76 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TRI in relation to earlier this year.