Thomson Reuters (TSE:TRI) Shares Pass Below 200 Day Moving Average – What’s Next?

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$149.67 and traded as low as C$115.31. Thomson Reuters shares last traded at C$115.59, with a volume of 603,004 shares changing hands.

Analysts Set New Price Targets

TRI has been the topic of a number of recent research reports. TD lifted their target price on Thomson Reuters from C$175.00 to C$185.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Canadian Imperial Bank of Commerce decreased their price target on Thomson Reuters from C$183.00 to C$140.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. TD Securities lowered their price target on Thomson Reuters from C$285.00 to C$175.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Royal Bank Of Canada upgraded Thomson Reuters from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, February 10th. Finally, Argus raised Thomson Reuters to a “hold” rating in a report on Wednesday, April 22nd. Four investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$163.00.

Thomson Reuters Price Performance

The company has a current ratio of 0.60, a quick ratio of 0.52 and a debt-to-equity ratio of 20.72. The firm has a market capitalization of C$50.46 billion, a price-to-earnings ratio of 33.47, a P/E/G ratio of 3.64 and a beta of 0.11. The company’s 50 day moving average is C$123.22 and its 200-day moving average is C$149.67.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last released its quarterly earnings data on Tuesday, May 5th. The company reported C$1.71 earnings per share (EPS) for the quarter. Thomson Reuters had a return on equity of 12.64% and a net margin of 19.83%.The firm had revenue of C$2.90 billion for the quarter. Equities research analysts anticipate that Thomson Reuters Co. will post 5.6395803 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Sean Cannizzaro sold 320 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of C$130.70, for a total transaction of C$41,824.00. Following the completion of the sale, the director owned 1,075 shares in the company, valued at approximately C$140,502.50. This trade represents a 22.94% decrease in their position. Also, Director Jason Williams sold 2,864 shares of Thomson Reuters stock in a transaction dated Monday, May 11th. The stock was sold at an average price of C$122.18, for a total transaction of C$349,923.52. Insiders sold a total of 203,497 shares of company stock valued at $25,834,679 over the last ninety days. 69.76% of the stock is currently owned by company insiders.

Thomson Reuters Company Profile

Thomson Reuters (TSX/Nasdaq: TRI) powers business-critical professions with trusted AI technology built for high-stakes work. The company serves professionals across legal, tax, audit, accounting, compliance, government, and media with products that combine highly specialized software, authoritative content, and deep domain expertise. Reuters, part of Thomson Reuters, is a world-leading provider of trusted journalism and news.