Thomson Reuters (TSE:TRI) Stock Price Breaks Above Two Hundred Day Moving Average – Should You Sell?

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI)’s share price passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of C$129.13 and traded as high as C$141.88. Thomson Reuters shares last traded at C$140.11, with a volume of 454,123 shares trading hands.

Wall Street Analysts Forecast Growth

TRI has been the topic of a number of recent analyst reports. TD set a C$200.00 price target on shares of Thomson Reuters and gave the stock a “buy” rating in a research note on Thursday, September 10th. National Bank Financial raised their price objective on shares of Thomson Reuters from C$171.00 to C$180.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$166.33.

Thomson Reuters Stock Down 1.3%

The company has a quick ratio of 0.52, a current ratio of 0.51 and a debt-to-equity ratio of 28.56. The firm has a market cap of C$60.70 billion, a PE ratio of 37.30, a P/E/G ratio of 3.64 and a beta of 0.07. The firm’s 50 day moving average is C$140.79 and its 200-day moving average is C$129.13.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its quarterly earnings data on Wednesday, August 5th. The company reported C$1.41 EPS for the quarter. The business had revenue of C$2.78 billion during the quarter. Thomson Reuters had a return on equity of 14.27% and a net margin of 21.22%. As a group, equities research analysts expect that Thomson Reuters Co. will post 5.6395803 earnings per share for the current fiscal year.

Insider Buying and Selling at Thomson Reuters

In related news, insider Elizabeth Florence Zimick sold 1,950 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of C$149.61, for a total transaction of C$291,739.50. Following the sale, the insider directly owned 2,210 shares in the company, valued at approximately C$330,638.10. This trade represents a 46.88% decrease in their position. Also, insider David Franklin Wong sold 2,701 shares of Thomson Reuters stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of C$139.79, for a total transaction of C$377,572.79. Following the sale, the insider owned 19,147 shares in the company, valued at C$2,676,559.13. This represents a 12.36% decrease in their position. Insiders have sold 269,950 shares of company stock valued at $39,594,818 over the last three months. 69.76% of the stock is owned by company insiders.

Thomson Reuters Company Profile

Thomson Reuters (TSX/Nasdaq: TRI) powers business-critical professions with trusted AI technology built for high-stakes work. The company serves professionals across legal, tax, audit, accounting, compliance, government, and media with products that combine highly specialized software, authoritative content, and deep domain expertise. Reuters, part of Thomson Reuters, is a world-leading provider of trusted journalism and news.