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Thomson Reuters Corporation
TRI.NISIN: CA8849031056SEDOL: 2126067 |
Rating: HOLD |
Target Price: 27.80 USD |
Investment Horizon: 6 to 24 months |
Company News Alert
Thomson Reuters Corporation (Thomson Reuters) has announced a plan to unify its dual-listed company structure, indicating that unification will consolidate and improve the trading volumes of the company's shares. Post unification, Thomson Reuters shares will no longer be listed on the London Stock Exchange or NASDAQ. At current levels, we maintain our HOLD rating for the common stock. We will reassess our rating for the common stock after the company announces…
1Q 09 News Alert
Thomson Reuters Corporation's (Thomson Reuters) 1Q 09 pro-forma revenues declined y-o-y as marginal growth in the Professional division was offset by a decline in revenues from the Markets division. Overall results fell short of our expectations as the weaker-than-expected performance from the Markets division was augmented by the impact of higher-than-expected cost of operations at the operating and net levels. Despite the anticipated positive impact of the…
Company News Alert
Thomson Reuters Corporation’s (Thomson Reuters) NYSE common stock achieved our target price of US$27.80 on 03 April 2009, reflecting improved market sentiments and the fundamental factors outlined in our update report. At current levels, we believe that the NYSE common stock is fairly valued, and hence, we are downgrading our rating for the common stock from a BUY to a HOLD. We will reassess our rating for the common stock after the company announces its 1Q 09 results....
4Q 08 Update Report
Despite the challenging operating environment, Thomson Reuters has guided for revenue growth in FY 2009, reflecting its strong business models across markets and geographies. The company plans to increase its focus on expansion outside North America in order to cater to high growth regions including Asia and the Gulf. In the Markets division, the company plans to invest in developing a common platform, which it expects…
4Q 08 & FY 2008 News Alert
Thomson Reuters Corporation’s (Thomson Reuters) 4Q 08 pro-forma revenues remained almost flat as growth in the Professional division was offset by a decline in revenues from the Markets division. Overall results were significantly above our expectations, with the lower cost of operations boosting performance. However, despite higher-than-anticipated results, as we expect the Markets division to continue to be affected by the challenging economic environment…
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