Thomson Reuters (TSE:TRI) Stock Price Passes Above 200 Day Moving Average of $212.19

Shares of Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$212.19 and traded as high as C$234.15. Thomson Reuters shares last traded at C$233.48, with a volume of 399,422 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. National Bankshares increased their target price on shares of Thomson Reuters from C$217.00 to C$219.00 in a report on Friday, May 3rd. TD Securities raised their price target on shares of Thomson Reuters from C$230.00 to C$235.00 and gave the stock a "hold" rating in a report on Thursday, June 20th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of C$183.89.

Thomson Reuters Price Performance

The business's 50 day moving average price is C$226.98 and its two-hundred day moving average price is C$212.19. The stock has a market cap of C$103.90 billion, a P/E ratio of 33.00, a price-to-earnings-growth ratio of 3.64 and a beta of 0.38. The company has a current ratio of 0.97, a quick ratio of 0.52 and a debt-to-equity ratio of 37.11.

Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI last announced its earnings results on Thursday, May 2nd. The company reported C$1.50 earnings per share for the quarter, beating analysts' consensus estimates of C$1.27 by C$0.23. The firm had revenue of C$2.54 billion for the quarter, compared to analyst estimates of C$2.50 billion. Thomson Reuters had a net margin of 34.87% and a return on equity of 20.18%. As a group, sell-side analysts expect that Thomson Reuters Co. will post 5.0831533 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Thursday, May 16th were paid a dividend of $0.73 per share. This is a positive change from Thomson Reuters's previous quarterly dividend of $0.54. The ex-dividend date was Wednesday, May 15th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.27%. Thomson Reuters's payout ratio is presently 41.94%.

Insider Activity at Thomson Reuters

In related news, Senior Officer David Franklin Wong sold 600 shares of Thomson Reuters stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of C$163.82, for a total transaction of C$98,292.00. In related news, Director Ryan Kessler sold 372 shares of Thomson Reuters stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of C$171.46, for a total transaction of C$63,783.12. Following the completion of the transaction, the director now directly owns 196 shares of the company's stock, valued at approximately C$33,606.16. Also, Senior Officer David Franklin Wong sold 600 shares of Thomson Reuters stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of C$163.82, for a total transaction of C$98,292.00. Insiders sold a total of 1,117 shares of company stock valued at $186,397 in the last three months. Company insiders own 69.64% 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.