Thomson Reuters (TSE:TRI) Stock Price Passes Above 200-Day Moving Average of $195.11

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$195.11 and traded as high as C$211.68. Thomson Reuters shares last traded at C$210.45, with a volume of 261,255 shares.

Analyst Ratings Changes

Several analysts have recently commented on TRI shares. BMO Capital Markets upped their target price on Thomson Reuters from C$211.00 to C$222.00 and gave the company an “outperform” rating in a report on Friday, February 9th. TD Securities increased their target price on Thomson Reuters from C$210.00 to C$225.00 and gave the stock a “hold” rating in a research report on Wednesday, March 13th. Canaccord Genuity Group increased their target price on Thomson Reuters from C$147.00 to C$149.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. Royal Bank of Canada increased their target price on Thomson Reuters from C$149.00 to C$153.00 and gave the stock a “sector perform” rating in a research report on Friday, February 9th. Finally, National Bankshares downgraded Thomson Reuters from a “sector perform” rating to an “underperform” rating and set a C$210.00 target price on the stock. in a research report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$181.78.

Thomson Reuters Stock Down 1.3 %

The stock has a 50 day moving average price of C$211.66 and a 200-day moving average price of C$195.21. The stock has a market capitalization of C$93.80 billion, a P/E ratio of 27.03, a PEG ratio of 3.64 and a beta of 0.38. The company has a debt-to-equity ratio of 32.01, a current ratio of 0.90 and a quick ratio of 0.52.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its earnings results on Thursday, February 8th. The company reported C$1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.25 by C$0.09. The company had revenue of C$2.47 billion for the quarter, compared to analysts’ expectations of C$2.52 billion. Thomson Reuters had a return on equity of 23.06% and a net margin of 39.67%. As a group, research analysts expect that Thomson Reuters Co. will post 4.9537409 EPS for the current fiscal year.

Thomson Reuters Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Wednesday, February 21st were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $2.16 annualized dividend and a yield of 1.04%. Thomson Reuters’s payout ratio is 37.36%.

Insider Buying and Selling at Thomson Reuters

In other news, Director Linda Walker sold 4,750 shares of Thomson Reuters stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of C$156.75, for a total transaction of C$744,562.50. In other news, Director Linda Walker sold 4,750 shares of Thomson Reuters stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of C$156.75, for a total transaction of C$744,562.50. Also, Senior Officer David Franklin Wong sold 600 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of C$158.99, for a total transaction of C$95,392.80. Insiders own 69.49% of the company’s stock.

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.