Thomson Reuters (TSE:TRI) Shares Cross Above 200 Day Moving Average of $224.13

Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI's share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$224.13 and traded as high as C$230.81. Thomson Reuters shares last traded at C$230.69, with a volume of 318,822 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on TRI shares. Scotiabank raised shares of Thomson Reuters from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 27th. National Bankshares boosted their price target on Thomson Reuters from C$219.00 to C$231.00 and gave the company a "sector perform" rating in a research report on Friday, August 2nd. TD Securities increased their price objective on Thomson Reuters from C$230.00 to C$235.00 and gave the stock a "hold" rating in a research report on Thursday, June 20th. Finally, National Bank Financial upgraded Thomson Reuters from a "hold" rating to a "strong-buy" rating in a research note on Sunday, September 8th. Five analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$190.14.

Thomson Reuters Price Performance

The stock has a market cap of C$103.13 billion, a PE ratio of 32.96, a PEG ratio of 3.64 and a beta of 0.40. The company has a 50-day simple moving average of C$226.80 and a 200-day simple moving average of C$224.13. 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 released its quarterly earnings data on Thursday, August 1st. The company reported C$1.16 EPS for the quarter, topping analysts' consensus estimates of C$1.10 by C$0.06. The firm had revenue of C$2.38 billion for the quarter, compared to the consensus estimate of C$2.38 billion. Thomson Reuters had a net margin of 33.65% and a return on equity of 20.41%. Sell-side analysts anticipate that Thomson Reuters Co. will post 5.753 EPS for the current fiscal year.

Thomson Reuters Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date of this dividend was Thursday, August 15th. Thomson Reuters's dividend payout ratio is presently 41.86%.

Insider Activity at Thomson Reuters

In other Thomson Reuters news, Senior Officer David Franklin Wong sold 399 shares of the business's stock in a transaction on Friday, August 2nd. The stock was sold at an average price of C$155.78, for a total value of C$62,156.22. In related news, Director Caroline Rogge sold 339 shares of the business's stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of C$235.35, for a total value of C$79,782.97. Also, Senior Officer David Franklin Wong sold 399 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of C$155.78, for a total transaction of C$62,156.22. In the last quarter, insiders sold 12,110 shares of company stock valued at $2,817,727. 69.79% 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.