Thomson Reuters (TSE:TRI) Share Price Passes Above 200-Day Moving Average of $195.11

Shares of Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$195.11 and traded as high as C$211.68. Thomson Reuters shares last traded at C$210.45, with a volume of 261,255 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on TRI shares. Canaccord Genuity Group upped their price target on Thomson Reuters from C$147.00 to C$149.00 and gave the stock a “hold” rating in a report on Friday, February 9th. BMO Capital Markets lifted their price target on Thomson Reuters from C$211.00 to C$222.00 and gave the stock an “outperform” rating in a research note on Friday, February 9th. CIBC boosted their price objective on shares of Thomson Reuters from C$138.00 to C$146.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. National Bankshares downgraded shares of Thomson Reuters from a “sector perform” rating to an “underperform” rating and set a C$210.00 target price for the company. in a report on Tuesday, February 20th. Finally, Royal Bank of Canada upped their price target on shares of Thomson Reuters from C$149.00 to C$153.00 and gave the company a “sector perform” rating in a report on Friday, February 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$181.78.

Thomson Reuters Price Performance

The company’s 50-day moving average is C$211.47 and its 200-day moving average is C$195.11. The firm has a market capitalization of C$94.99 billion, a price-to-earnings ratio of 27.02, a PEG ratio of 3.64 and a beta of 0.38. The company has a debt-to-equity ratio of 32.01, a current ratio of 0.90 and a quick ratio of 0.52.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its quarterly earnings results on Thursday, February 8th. The company reported C$1.34 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.25 by C$0.09. Thomson Reuters had a net margin of 39.67% and a return on equity of 23.06%. The company had revenue of C$2.47 billion for the quarter, compared to the consensus estimate of C$2.52 billion. On average, research analysts expect that Thomson Reuters Co. will post 4.9537409 earnings per share for the current year.

Thomson Reuters Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Wednesday, February 21st were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date was Tuesday, February 20th. Thomson Reuters’s dividend payout ratio (DPR) is presently 37.36%.

Insiders Place Their Bets

In other Thomson Reuters news, Senior Officer David Franklin Wong sold 600 shares of Thomson Reuters stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of C$158.99, for a total transaction of C$95,392.80. In other news, Director Linda Walker sold 4,750 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of C$156.75, for a total value of C$744,562.50. Also, Senior Officer David Franklin Wong sold 600 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of C$158.99, for a total value of C$95,392.80. 69.49% 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.