Thomson Reuters (TSE:TRI) Stock Price Passes Above 200-Day Moving Average - What's Next?

Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$238.26 and traded as high as C$252.84. Thomson Reuters shares last traded at C$249.37, with a volume of 192,125 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on TRI shares. National Bankshares upped their price objective on Thomson Reuters from C$260.00 to C$286.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. TD Securities raised their price objective on shares of Thomson Reuters from C$250.00 to C$260.00 and gave the stock a "hold" rating in a report on Friday, February 7th. BMO Capital Markets increased their price target on shares of Thomson Reuters from C$260.00 to C$265.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Finally, Bank of America set a C$255.00 price objective on Thomson Reuters and gave the stock a "neutral" rating in a research note on Thursday, April 10th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of C$266.50.

Thomson Reuters Trading Down 0.2 %

The company has a market capitalization of C$79.70 billion, a PE ratio of 37.99, a PEG ratio of 3.64 and a beta of 0.40. 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 fifty day moving average of C$247.37 and a 200 day moving average of C$238.72.

Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI last announced its quarterly earnings results on Thursday, February 6th. The company reported C$1.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.97 by C$0.04. Thomson Reuters had a net margin of 32.12% and a return on equity of 20.19%. During the same period in the prior year, the company posted $0.98 EPS. As a group, sell-side analysts predict that Thomson Reuters Co. will post 5.6395803 earnings per share for the current fiscal year.

Thomson Reuters Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Thursday, February 20th were paid a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a yield of 0.94%. Thomson Reuters's payout ratio is 44.12%.

Insiders Place Their Bets

In other news, Director Kerry Hendrikx sold 1,500 shares of the business's stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of C$247.06, for a total transaction of C$370,591.65. Also, Senior Officer David Franklin Wong sold 2,256 shares of the firm's stock in a transaction on Friday, February 14th. The stock was sold at an average price of C$251.96, for a total value of C$568,432.59. Corporate insiders own 69.76% of the company's stock.

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.