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

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI)’s stock price 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.

Analyst Ratings Changes

TRI has been the subject of several research reports. CIBC lifted their price objective on shares of Thomson Reuters from C$138.00 to C$146.00 and gave the stock a “neutral” rating in a research note on Friday, February 9th. BMO Capital Markets boosted their target price on shares of Thomson Reuters from C$211.00 to C$222.00 and gave the company an “outperform” rating in a research report on Friday, February 9th. TD Securities boosted their target price on shares of Thomson Reuters from C$210.00 to C$225.00 and gave the company a “hold” rating in a research report on Wednesday, March 13th. National Bank Financial downgraded shares of Thomson Reuters from a “sector perform under weight” rating to an “underperform underweight” rating in a research report on Tuesday, February 20th. Finally, Royal Bank of Canada boosted their target price on shares of Thomson Reuters from C$149.00 to C$153.00 and gave the company a “sector perform” rating in a research report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Thomson Reuters currently has a consensus rating of “Hold” and a consensus price target of C$181.78.

Thomson Reuters Stock Performance

The business’s 50-day simple moving average is C$211.66 and its two-hundred day simple moving average is C$195.21. The firm has a market cap of C$93.80 billion, a price-to-earnings ratio of 27.03, a P/E/G ratio of 3.64 and a beta of 0.38. 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 issued its quarterly earnings data on Thursday, February 8th. The company reported C$1.34 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.25 by C$0.09. The business had revenue of C$2.47 billion during the quarter, compared to the consensus estimate of C$2.52 billion. Thomson Reuters had a net margin of 39.67% and a return on equity of 23.06%. As a group, sell-side analysts expect that Thomson Reuters Co. will post 4.9537409 earnings per share for the current fiscal year.

Thomson Reuters Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Wednesday, February 21st were paid 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 1.04%. Thomson Reuters’s dividend payout ratio is currently 37.36%.

Insider Transactions at Thomson Reuters

In other news, Director Linda Walker sold 4,750 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of C$156.75, for a total transaction of C$744,562.50. In related news, Senior Officer David Franklin Wong sold 600 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of C$158.99, for a total transaction of C$95,392.80. Also, Director Linda Walker sold 4,750 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of C$156.75, for a total transaction of C$744,562.50. Corporate insiders own 69.49% of the company’s stock.

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.