Thomson Reuters (TSE:TRI) Stock Price Passes Above 200 Day Moving Average of $195.11

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$195.11 and traded as high as C$211.68. Thomson Reuters shares last traded at C$210.45, with a volume of 261,255 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. National Bank Financial lowered Thomson Reuters from a “sector perform under weight” rating to an “underperform underweight” rating in a research note on Tuesday, February 20th. Canaccord Genuity Group increased their target price on shares of Thomson Reuters from C$147.00 to C$149.00 and gave the company a “hold” rating in a report on Friday, February 9th. Royal Bank of Canada boosted their price target on shares of Thomson Reuters from C$149.00 to C$153.00 and gave the stock a “sector perform” rating in a research note on Friday, February 9th. BMO Capital Markets raised their price objective on Thomson Reuters from C$211.00 to C$222.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. Finally, TD Securities lifted their price objective on Thomson Reuters from C$210.00 to C$225.00 and gave the stock a “hold” rating in a report on Wednesday, March 13th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$181.78.

Thomson Reuters Price Performance

The stock has a market cap of C$94.99 billion, a PE ratio of 27.02, a PEG ratio of 3.64 and a beta of 0.38. The business’s 50-day simple moving average is C$211.47 and its 200-day simple moving average is C$195.11. The company has a quick ratio of 0.52, a current ratio of 0.90 and a debt-to-equity ratio of 32.01.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its earnings results on Thursday, February 8th. The company reported C$1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.25 by C$0.09. The company had revenue of C$2.47 billion for the quarter, compared to analysts’ expectations of C$2.52 billion. Thomson Reuters had a return on equity of 23.06% and a net margin of 39.67%. On average, research analysts expect that Thomson Reuters Co. will post 4.9537409 EPS for the current fiscal year.

Thomson Reuters Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Wednesday, February 21st were issued a dividend of $0.54 per share. The ex-dividend date was Tuesday, February 20th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.03%. Thomson Reuters’s dividend payout ratio is presently 37.36%.

Insider Activity at Thomson Reuters

In other Thomson Reuters news, Director Linda Walker sold 4,750 shares of the company’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of C$156.75, for a total value of C$744,562.50. In other Thomson Reuters news, Director Linda Walker sold 4,750 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of C$156.75, for a total transaction of C$744,562.50. Also, Senior Officer David Franklin Wong sold 600 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of C$158.99, for a total value of C$95,392.80. 69.49% of the stock is currently owned by company insiders.

Thomson Reuters Company Profile

Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.