Thomson Reuters (TSE:TRI) Shares Cross Above 200 Day Moving Average - Should You Sell?

Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$237.42 and traded as high as C$237.46. Thomson Reuters shares last traded at C$231.61, with a volume of 877,384 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TRI. BMO Capital Markets boosted their price objective on Thomson Reuters from C$260.00 to C$265.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. TD Securities upped their price target on shares of Thomson Reuters from C$250.00 to C$260.00 and gave the company a "hold" rating in a report on Friday, February 7th. National Bankshares lifted their price objective on shares of Thomson Reuters from C$260.00 to C$286.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Finally, Bank of America set a C$255.00 target price on shares of Thomson Reuters and gave the company a "neutral" rating in a research note on Thursday. Three analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$266.50.

Thomson Reuters Stock Up 2.6 %

The business's 50 day moving average is C$247.25 and its 200 day moving average is C$237.52. The company has a debt-to-equity ratio of 24.28, a quick ratio of 0.52 and a current ratio of 0.94. The stock has a market cap of C$75.80 billion, a price-to-earnings ratio of 36.13, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40.

Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI last issued 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 previous year, the firm earned $0.98 earnings per share. Equities analysts expect that Thomson Reuters Co. will post 5.6395803 earnings per share for the current year.

Thomson Reuters Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Thursday, February 20th were paid a dividend of $0.595 per share. This represents a $2.38 annualized dividend and a yield of 0.99%. Thomson Reuters's dividend payout ratio (DPR) is presently 44.12%.

Insider Transactions at Thomson Reuters

In other Thomson Reuters news, Senior Officer David Franklin Wong sold 2,256 shares of the business's 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. Also, Director Kerry Hendrikx sold 1,500 shares of the firm's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of C$247.06, for a total value of C$370,591.65. 69.76% of the stock is owned by insiders.

About Thomson Reuters

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.