Thomson Reuters (TSE:TRI) Stock Passes Above Two Hundred Day Moving Average - What's Next?

Thomson Reuters Co. (TSE:TRI - Get Free Report) 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.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. 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 report on Friday, February 7th. BMO Capital Markets lifted 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. TD Securities increased their target price on Thomson Reuters from C$250.00 to C$260.00 and gave the stock a "hold" rating in a report on Friday, February 7th. Finally, Wells Fargo & Company raised Thomson Reuters to a "hold" rating in a report on Tuesday, November 26th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of C$270.33.

Thomson Reuters Price Performance

The company has a market capitalization of C$78.18 billion, a price-to-earnings ratio of 37.26, a PEG 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 company has a 50 day moving average price of C$242.10 and a 200 day moving average price of C$235.08.

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Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI last announced its quarterly earnings data on Thursday, February 6th. The company reported C$1.01 EPS for the quarter, topping 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 period last year, the business earned $0.98 earnings per share. As a group, equities research analysts forecast that Thomson Reuters Co. will post 5.6395803 earnings per share for the current year.

Thomson Reuters Cuts Dividend

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

Insider Buying and Selling at Thomson Reuters

In other Thomson Reuters 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. 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.