TRI Stock Summary and Trading Ideas (Thomson Reuters Common Shares | NYSE:TRI)

Thomson Reuters is the result of the $17.6 billion megamerger of Canada's Thomson and the United Kingdom's Reuters Group in 2008. In 2021, Thomson Reuters completed the sale of Refinitiv to LSE Group. Thomson Reuters' three largest segments are its legal professionals, Tax and accounting, and corporates segments. Legal professionals is about 42% of the firm's revenue and 47% of the firm's adjusted EBITDA. Tax and accounting makes up about 20%-25% of the firm's revenue and EBITDA. Corporates, which consists of legal professionals and tax and accounting products sold to corporations, also makes up about 20%-25% of the firm's revenue and EBITDA. Thomson Reuters' smaller segments include its Reuters news business and global print business.

Thomson Reuters Common Shares trades on the NYSE stock market under the symbol TRI.

As of May 6, 2024, TRI stock price climbed to $167.07 with 399,280 million shares trading.

TRI has a beta of 0.83, meaning it tends to be less sensitive to market movements. TRI has a correlation of 0.25 to the broad based SPY ETF.

TRI has a market cap of $75.41 billion. This is considered a Large Cap stock.

Last quarter Thomson Reuters Common Shares reported $2 billion in Revenue and $1.11 earnings per share. This beat revenue expectation by $25 million and exceeded earnings estimates by $.16.

In the last 3 years, TRI stock traded as high as $168.28 and as low as $91.55.

The top ETF exchange traded funds that TRI belongs to (by Net Assets): FVD, AIQ, DFAI, QINT, IDLV.

TRI has outperformed the market in the last year with a price return of +35.6% while the SPY ETF gained +28.3%. TRI has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +11.0% and +11.2%, respectively, while the SPY returned +4.8% and +4.3%, respectively.

TRI support price is $162.93 and resistance is $166.55 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TRI stock will trade within this expected range on the day.