Thomson Reuters (TSE:TRI) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$226.05 and traded as high as C$232.43. Thomson Reuters shares last traded at C$231.30, with a volume of 142,548 shares traded.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TRI. National Bankshares increased their price target on shares of Thomson Reuters from C$219.00 to C$231.00 and gave the stock a “sector perform” rating in a research report on Friday, August 2nd. Scotiabank upgraded shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 27th. Finally, National Bank Financial upgraded shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Sunday, September 8th. Five analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Thomson Reuters has a consensus rating of “Moderate Buy” and an average price target of C$190.14.

Thomson Reuters Stock Down 0.7 %

The firm’s fifty day simple moving average is C$229.44 and its 200 day simple moving average is C$226.05. The company has a current ratio of 0.88, a quick ratio of 0.52 and a debt-to-equity ratio of 29.05. The company has a market cap of C$102.99 billion, a price-to-earnings ratio of 32.38, a PEG ratio of 3.64 and a beta of 0.40.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its earnings results on Thursday, August 1st. The company reported C$1.16 EPS for the quarter, beating the consensus estimate of C$1.10 by C$0.06. The firm had revenue of C$2.38 billion for the quarter, compared to analyst estimates of C$2.38 billion. Thomson Reuters had a return on equity of 20.41% and a net margin of 33.65%. Sell-side analysts predict that Thomson Reuters Co. will post 5.6395803 earnings per share for the current year.

Thomson Reuters Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date of this dividend was Thursday, August 15th. Thomson Reuters’s dividend payout ratio (DPR) is 41.33%.

Insider Activity

In related news, Senior Officer David Franklin Wong sold 399 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of C$155.78, for a total value of C$62,156.22. In other news, Director Caroline Rogge sold 339 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of C$235.35, for a total transaction of C$79,782.97. Also, Senior Officer David Franklin Wong sold 399 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of C$155.78, for a total transaction of C$62,156.22. In the last quarter, insiders sold 12,110 shares of company stock worth $2,817,727. Corporate insiders own 69.76% 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.