Thomson Reuters (TSE:TRI) Stock Price Passes Above 200-Day Moving Average - Should You 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 changing hands.

Analysts Set New Price Targets

A number of equities research analysts recently commented on TRI shares. National Bankshares lifted their target price on shares of Thomson Reuters from C$219.00 to C$231.00 and gave the stock a "sector perform" rating in a research report on Friday, August 2nd. Scotiabank raised Thomson Reuters from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 27th. Finally, National Bank Financial raised Thomson Reuters from a "hold" rating to a "strong-buy" rating in a research report on Sunday, September 8th. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of C$190.14.

Thomson Reuters Stock Performance

The business's fifty day moving average price is C$229.44 and its 200-day moving average price is C$226.05. The stock has a market capitalization of C$103.72 billion, a PE ratio of 32.53, a P/E/G ratio of 3.64 and a beta of 0.40. 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 announced its quarterly earnings results on Thursday, August 1st. The company reported C$1.16 EPS for the quarter, beating the consensus estimate of C$1.10 by C$0.06. The firm had revenue of C$2.38 billion during 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%. As a group, equities research analysts expect that Thomson Reuters Co. will post 5.6395803 EPS for the current year.

Thomson Reuters Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date of this dividend was Thursday, August 15th. 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 Thomson Reuters 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 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 shares were 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 firm'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. Insiders sold a total of 12,110 shares of company stock valued at $2,817,727 over the last quarter. 69.76% of the stock is owned by corporate 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.