Thomson Reuters (TSE:TRI) Shares Cross Above 200-Day Moving Average – Should You Sell?

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$236.49 and traded as high as C$247.74. Thomson Reuters shares last traded at C$246.29, with a volume of 220,967 shares traded.

Analyst Upgrades and Downgrades

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

Thomson Reuters Stock Up 0.2 %

The company has a debt-to-equity ratio of 24.28, a quick ratio of 0.52 and a current ratio of 0.94. The company has a market capitalization of C$77.81 billion, a PE ratio of 37.09, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40. The company’s fifty day moving average is C$245.87 and its 200-day moving average is C$236.49.

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

Thomson Reuters Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Thursday, February 20th were paid a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a yield of 0.97%. Thomson Reuters’s payout ratio is presently 44.12%.

Insider Activity at Thomson Reuters

In other news, Senior Officer David Franklin Wong sold 2,256 shares of the 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 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.