Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Thomson Reuters Corp (NYSE: TRI) weakened of late. TRI’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
Thomson Reuters Corp (NYSE: TRI) stock rose slightly by 0.2% on 7/29/24. The stock closed at $162.09. Moreover, trading volume in this advance was unusually high at 153% of normal. The stock has been strong relative to the market over the last nine months but is unchanged during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, TRI is expected to continue to be a major Value Builder.
Thomson Reuters has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Thomson Reuters has a very low Appreciation Score of 9 but a good Power Rating of 75, producing the Negative Value Trend Rating.
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