Thomson Reuters (TSE:TRI) Stock Price Passes Below 200-Day Moving Average – Here’s What Happened

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$188.51 and traded as low as C$148.66. Thomson Reuters shares last traded at C$151.39, with a volume of 1,031,404 shares trading hands.

Analysts Set New Price Targets

A number of research firms have commented on TRI. BMO Capital Markets decreased their target price on shares of Thomson Reuters from C$275.00 to C$165.00 in a research note on Friday, February 6th. TD Securities dropped their price target on shares of Thomson Reuters from C$285.00 to C$175.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Canadian Imperial Bank of Commerce reduced their price objective 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. Royal Bank Of Canada upgraded shares of Thomson Reuters from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, February 10th. Finally, National Bank Financial lowered their target price on shares of Thomson Reuters from C$190.00 to C$175.00 and set an “outperform” rating on the stock in a research note on Sunday, February 8th. Five investment 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 company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$181.83.

Thomson Reuters Price Performance

The firm has a 50 day moving average of C$149.20 and a 200-day moving average of C$188.51. The company has a market cap of C$67.37 billion, a P/E ratio of 45.46, a P/E/G ratio of 3.64 and a beta of -0.02. The company has a current ratio of 0.64, a quick ratio of 0.52 and a debt-to-equity ratio of 17.82.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its quarterly earnings results on Thursday, February 5th. The company reported C$1.47 EPS for the quarter. Thomson Reuters had a return on equity of 12.42% and a net margin of 20.08%.The company had revenue of C$2.76 billion for the quarter. On average, equities research 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.