Shaers of Thomson Reuters Corporation (NYSE:TRI) have been recommended as a long term growth pick. With the firm’s stock price currently trading around $44.37, the firm has proven a solid track record of growth over the recent years. Investors might consider the stock as a long term growth candidate as the firm has yielded 22.60% earnings per share growth over the past 5 years and -3.90% revenue growth over that same time frame.
Long-term growth (LTG) is an investing strategy where a stock will (hopefully) grow in value for a relatively long period of time. Long-term growth should be considered to be a relative term, due to different styles and goals of investors, but the endgame is the same.
Let’s take a look at how the stock has been performing recently. Over the past twelve months, Thomson Reuters Corporation (NYSE:TRI)’s stock was 1.35%. Over the last week of the month, it was -0.31%, -4.27% over the last quarter, and 3.02% for the past six months.
Over the past 50 days, Thomson Reuters Corporation’s stock is -8.72% off of the high and 2.24% removed from the low. Their 52-Week High and Low are as follows: -8.72% (High), 7.54%, (Low).
Despite the past success, investors want to know where the stock is headed from here. Analysts covering the shares have a consensus short-term price target of $48.88 on the equity. Analysts have a consensus recommendation of 2.80 based on a 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.