Thomson Reuters (TSE:TRI) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$183.91 and traded as low as C$130.36. Thomson Reuters shares last traded at C$130.92, with a volume of 584,159 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. National Bank Financial decreased their target price on Thomson Reuters from C$190.00 to C$175.00 and set an “outperform” rating for the company in a research report on Sunday, February 8th. Canadian Imperial Bank of Commerce lowered their target price on shares of Thomson Reuters from C$183.00 to C$140.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. TD Securities dropped their price objective on Thomson Reuters from C$285.00 to C$175.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Royal Bank Of Canada raised Thomson Reuters from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, February 10th. Finally, BMO Capital Markets cut their price objective on Thomson Reuters from C$275.00 to C$165.00 in a report on Friday, February 6th. Five research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$181.83.

Thomson Reuters Stock Down 0.4%

The company has a market cap of C$58.23 billion, a P/E ratio of 39.32, a price-to-earnings-growth ratio of 3.64 and a beta of -0.02. The company has a debt-to-equity ratio of 17.82, a quick ratio of 0.52 and a current ratio of 0.64. The business’s fifty day moving average is C$143.88 and its two-hundred day moving average is C$183.91.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its earnings results on Thursday, February 5th. The company reported C$1.47 EPS for the quarter. The business had revenue of C$2.76 billion for the quarter. Thomson Reuters had a net margin of 20.09% and a return on equity of 12.37%. Equities analysts predict that Thomson Reuters Co. will post 5.6395803 EPS for the current year.

Thomson Reuters Company Profile

Thomson Reuters is the result of the $17.6 billion megamerger of Canada’s Thomson and the United Kingdom’s Reuters Group in 2008 and the 2018 carve-out of its finance and risk business, Refinitiv, in which it holds a 45% stake. In 2019, the company agreed to exchange its 45% stake in Refinitiv for a 15% stake in LSE. Since the divestiture, the company is more concentrated on selling its flagship legal data and software, WestLaw, and its tax accounting software, OneSource. In addition, the company does hold a significant investment in the publicly traded Tradeweb, which operates a fixed income exchange.