Thomson Reuters (TSE:TRI) Share Price Passes Above 200 Day Moving Average - Here's What Happened

Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI's stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-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 traded.

Analyst Ratings Changes

A number of analysts recently weighed in on TRI shares. TD Securities upped their target price 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 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 note on Friday, February 7th. Finally, National Bankshares increased 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. Two investment 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 stock. According to data from MarketBeat, Thomson Reuters currently has an average rating of "Buy" and a consensus price target of C$270.33.

Thomson Reuters Stock Performance

The stock has a market capitalization of C$77.30 billion, a price-to-earnings ratio of 36.85, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40. The stock's 50-day simple moving average is C$246.94 and its 200 day simple moving average is C$236.84. The company has a quick ratio of 0.52, a current ratio of 0.94 and a debt-to-equity ratio of 24.28.

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Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI last announced its earnings results on Thursday, February 6th. The company reported C$1.01 EPS for the quarter, topping the consensus estimate 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 in the prior year, the company posted $0.98 EPS. Analysts expect that Thomson Reuters Co. will post 5.6395803 earnings per share for the current fiscal year.

Thomson Reuters Cuts Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 0.97%. Thomson Reuters's dividend payout ratio (DPR) is presently 44.12%.

Insider Buying and Selling

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 shares were sold at an average price of C$251.96, for a total value of C$568,432.59. 69.76% of the stock is owned by corporate 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.