Thomson Reuters (TSE:TRI) Shares Pass Above Two Hundred Day Moving Average - Here's What Happened

Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI's share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$229.41 and traded as high as C$236.78. Thomson Reuters shares last traded at C$236.26, with a volume of 316,088 shares traded.

Analyst Ratings Changes

Several brokerages have issued reports on TRI. Wells Fargo & Company upgraded Thomson Reuters to a "hold" rating in a report on Tuesday, November 26th. BMO Capital Markets upped their price objective on shares of Thomson Reuters from C$251.00 to C$256.00 in a report on Wednesday, November 6th. Finally, TD Securities lifted their target price on shares of Thomson Reuters from C$235.00 to C$250.00 in a research note on Wednesday, November 6th. Six investment 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. According to data from MarketBeat, Thomson Reuters presently has a consensus rating of "Moderate Buy" and an average target price of C$197.50.

Thomson Reuters Trading Up 0.2 %

The company has a market cap of C$106.51 billion, a PE ratio of 33.40, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40. The company's 50 day simple moving average is C$231.68 and its two-hundred day simple moving average is C$229.46. The company has a debt-to-equity ratio of 29.05, a current ratio of 0.88 and a quick ratio of 0.52.

Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI last posted its quarterly earnings data on Tuesday, November 5th. The company reported C$1.09 earnings per share for the quarter, topping analysts' consensus estimates of C$1.08 by C$0.01. Thomson Reuters had a net margin of 33.65% and a return on equity of 20.41%. During the same quarter in the previous year, the company posted $1.10 earnings per share. As a group, sell-side analysts anticipate that Thomson Reuters Co. will post 5.6395803 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 21st were issued a $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend was Thursday, November 21st. This is an increase from Thomson Reuters's previous quarterly dividend of $0.20. Thomson Reuters's payout ratio is currently 41.33%.

Insider Buying and Selling

In other news, Senior Officer David Franklin Wong sold 2,417 shares of the company's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of C$165.58, for a total transaction of C$400,206.86. 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.