Thomson Reuters (TSE:TRI) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 trading hands.

Wall Street Analyst Weigh In

TRI has been the subject of several recent research reports. BMO Capital Markets lifted their price objective on Thomson Reuters from C$260.00 to C$265.00 and gave the company an “outperform” rating in a report on Friday, February 7th. TD Securities boosted 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 report on Friday, February 7th. National Bankshares increased their price objective on shares of Thomson Reuters from C$260.00 to C$286.00 and gave the company 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 investment analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$270.33.

Thomson Reuters Price Performance

The firm has a market capitalization of C$77.81 billion, a P/E ratio of 37.09, a P/E/G ratio of 3.64 and a beta of 0.40. The company has a debt-to-equity ratio of 24.28, a current ratio of 0.94 and a quick ratio of 0.52. The stock’s fifty day simple moving average is C$245.87 and its 200 day simple moving average is C$236.49.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its 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 net margin of 32.12% and a return on equity of 20.19%. During the same quarter in the previous year, the business earned $0.98 earnings per share. On average, equities research analysts predict that Thomson Reuters Co. will post 5.6395803 EPS for the current year.

Thomson Reuters Cuts Dividend

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

Insider Buying and Selling

In other news, Senior Officer David Franklin Wong sold 2,256 shares of Thomson Reuters stock in a transaction on Friday, February 14th. The shares were sold at an average price of C$251.96, for a total transaction 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.