Thomson Reuters (TSE:TRI) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$235.08 and traded as high as C$254.81. Thomson Reuters shares last traded at C$250.80, with a volume of 329,921 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TRI. TD Securities boosted their target price on shares of Thomson Reuters from C$250.00 to C$260.00 and gave the stock a “hold” rating in a research note on Friday, February 7th. BMO Capital Markets boosted their target price on shares of Thomson Reuters from C$260.00 to C$265.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. National Bankshares boosted their target price on shares of Thomson Reuters from C$260.00 to C$286.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Finally, Wells Fargo & Company raised shares of Thomson Reuters to a “hold” rating in a research note on Tuesday, November 26th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Thomson Reuters currently has an average rating of “Buy” and an average price target of C$270.33.

Thomson Reuters Trading Down 1.8 %

The company has a market cap of C$79.23 billion, a price-to-earnings ratio of 37.76, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40. The business’s fifty day moving average price is C$242.10 and its 200 day moving average price is C$235.08. The company has a debt-to-equity ratio of 24.28, a current ratio of 0.94 and a quick ratio of 0.52.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its quarterly earnings results on Thursday, February 6th. The company reported C$1.01 EPS for the quarter, topping analysts’ consensus estimates of C$0.97 by C$0.04. Thomson Reuters had a net margin of 32.12% and a return on equity of 20.19%. During the same quarter last year, the firm earned $0.98 EPS. Research analysts anticipate that Thomson Reuters Co. will post 5.6395803 earnings per share for the current fiscal year.

Thomson Reuters Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Thursday, February 20th were issued a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a dividend yield of 0.95%. Thomson Reuters’s dividend payout ratio (DPR) is presently 44.12%.

Insider Transactions at Thomson Reuters

In related news, Senior Officer David Franklin Wong sold 2,256 shares of the business’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of C$251.96, for a total value of C$568,432.59. 69.76% of the stock is 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.