Thomson Reuters (TSE:TRI) Stock Price Passes Above 200 Day Moving Average - Time to Sell?

Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$226.05 and traded as high as C$232.43. Thomson Reuters shares last traded at C$231.30, with a volume of 142,548 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TRI. Scotiabank raised Thomson Reuters from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 27th. National Bank Financial raised Thomson Reuters from a "hold" rating to a "strong-buy" rating in a research report on Sunday, September 8th. Finally, National Bankshares upped 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. 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$190.14.

Thomson Reuters Price Performance

The business has a fifty day moving average of C$229.44 and a 200-day moving average of C$226.05. The firm has a market cap of C$104.02 billion, a PE ratio of 32.62, a PEG ratio of 3.64 and a beta of 0.40. The company has a current ratio of 0.88, a quick ratio of 0.52 and a debt-to-equity ratio of 29.05.

Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI last issued its quarterly earnings data on Thursday, August 1st. The company reported C$1.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$1.10 by C$0.06. The business had revenue of C$2.38 billion for the quarter, compared to analysts' expectations of C$2.38 billion. Thomson Reuters had a return on equity of 20.41% and a net margin of 33.65%. As a group, research analysts predict 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 Tuesday, September 10th. Shareholders of record on Thursday, August 15th were paid a $0.20 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.80 dividend on an annualized basis and a yield of 0.35%. Thomson Reuters's dividend payout ratio is currently 41.33%.

Insiders Place Their Bets

In other Thomson Reuters news, Senior Officer David Franklin Wong sold 399 shares of the company's stock in a transaction dated 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 other news, Senior Officer Kirsty Roth sold 5,310 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of C$234.93, for a total transaction of C$1,247,459.18. Also, Senior Officer David Franklin Wong sold 399 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of C$155.78, for a total value of C$62,156.22. Insiders have sold 12,110 shares of company stock worth $2,817,727 in the last ninety days. 69.76% of the stock is currently owned by 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.