Thomson Reuters (TSE:TRI) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$235.08 and traded as high as C$254.81. Thomson Reuters shares last traded at C$250.80, with a volume of 329,921 shares.

Analyst Ratings Changes

Several brokerages have issued reports on TRI. TD Securities boosted their price objective on shares of Thomson Reuters from C$250.00 to C$260.00 and gave the company a “hold” rating in a research note on Friday, February 7th. BMO Capital Markets boosted their price target on shares of Thomson Reuters from C$260.00 to C$265.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Wells Fargo & Company upgraded shares of Thomson Reuters to a “hold” rating in a research report on Tuesday, November 26th. Finally, National Bankshares boosted their target price on Thomson Reuters from C$260.00 to C$286.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$270.33.

Thomson Reuters Stock Performance

The stock has a market cap of C$77.67 billion, a price-to-earnings ratio of 37.02, a price-to-earnings-growth 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 50-day moving average is C$242.73 and its 200-day moving average is C$235.24.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its quarterly earnings results on Thursday, February 6th. The company reported C$1.01 earnings per share (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 prior year, the firm earned $0.98 earnings per share. Analysts anticipate that Thomson Reuters Co. will post 5.6395803 EPS for the current fiscal year.

Thomson Reuters Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Thursday, February 20th were paid a dividend of $0.595 per share. This represents a $2.38 annualized dividend and a yield of 0.97%. Thomson Reuters’s dividend payout ratio is currently 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 dated Friday, February 14th. The stock was sold at an average price of C$251.96, for a total value of C$568,432.59. Company insiders own 69.76% of the company’s stock.

About Thomson Reuters

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.