Thomson Reuters (TSE:TRI) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$236.49 and traded as high as C$247.74. Thomson Reuters shares last traded at C$246.29, with a volume of 220,967 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TRI. TD Securities increased their target price on Thomson Reuters from C$250.00 to C$260.00 and gave the company a “hold” rating in a report on Friday, February 7th. BMO Capital Markets upped their price objective on Thomson Reuters from C$260.00 to C$265.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Finally, National Bankshares lifted their price objective 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 equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$270.33.

Thomson Reuters Stock Performance

The company has a market cap of C$78.05 billion, a price-to-earnings ratio of 37.20, a P/E/G ratio of 3.64 and a beta of 0.40. The company has a current ratio of 0.94, a quick ratio of 0.52 and a debt-to-equity ratio of 24.28. The stock’s 50 day moving average price is C$246.66 and its 200 day moving average price is C$236.67.

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 for the quarter, topping analysts’ consensus estimates of C$0.97 by C$0.04. Thomson Reuters had a net margin of 32.12% and a return on equity of 20.19%. During the same quarter in the prior year, the company earned $0.98 EPS. On average, analysts expect that Thomson Reuters Co. will post 5.6395803 EPS for the current fiscal year.

Thomson Reuters Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Thursday, February 20th were paid a $0.595 dividend. This represents a $2.38 annualized dividend and a dividend yield of 0.96%. Thomson Reuters’s dividend payout ratio is currently 44.12%.

Insider Activity at Thomson Reuters

In related news, Senior Officer David Franklin Wong sold 2,256 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of C$251.96, for a total transaction of C$568,432.59. 69.76% of the stock is currently owned by insiders.

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.