Thomson Reuters (TSE:TRI) Shares Pass Below 200 Day Moving Average – What’s Next?

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$130.43 and traded as low as C$119.17. Thomson Reuters shares last traded at C$120.72, with a volume of 512,276 shares traded.

Analyst Ratings Changes

Several brokerages recently issued reports on TRI. Argus upgraded shares of Thomson Reuters to a “hold” rating in a research note on Wednesday, April 22nd. National Bank Financial dropped their price objective on shares of Thomson Reuters from C$175.00 to C$171.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 15th. Scotia cut their price objective on shares of Thomson Reuters from C$156.00 to C$138.00 and set a “sector outperform” rating on the stock in a report on Wednesday, May 6th. Finally, TD raised their target price on shares of Thomson Reuters from C$175.00 to C$185.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Four research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$162.33.

Thomson Reuters Price Performance

The company has a quick ratio of 0.52, a current ratio of 0.60 and a debt-to-equity ratio of 22.71. The firm has a fifty day moving average price of C$120.14 and a two-hundred day moving average price of C$130.43. The stock has a market capitalization of C$52.70 billion, a P/E ratio of 34.96, a P/E/G ratio of 3.64 and a beta of 0.06.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its quarterly earnings results on Tuesday, May 5th. The company reported C$1.71 earnings per share (EPS) for the quarter. Thomson Reuters had a net margin of 19.93% and a return on equity of 12.70%. The company had revenue of C$2.90 billion for the quarter. On average, analysts expect that Thomson Reuters Co. will post 5.6395803 EPS for the current year.

Insider Activity

In related news, Director Jason Williams sold 2,864 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of C$122.18, for a total transaction of C$349,923.52. Also, Director Sean Cannizzaro sold 320 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of C$130.70, for a total transaction of C$41,824.00. Following the completion of the transaction, the director owned 1,075 shares of the company’s stock, valued at approximately C$140,502.50. The trade was a 22.94% decrease in their ownership of the stock. Insiders sold 3,497 shares of company stock valued at $432,829 over the last ninety days. Corporate insiders own 69.76% of the company’s stock.

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.