Thomson Reuters (TSE:TRI) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$146.51 and traded as low as C$115.23. Thomson Reuters shares last traded at C$115.91, with a volume of 438,456 shares.

Analysts Set New Price Targets

Several research firms have recently commented on TRI. BMO Capital Markets reduced their target price on Thomson Reuters from C$275.00 to C$165.00 in a research note on Friday, February 6th. Canadian Imperial Bank of Commerce cut their target price on Thomson Reuters from C$183.00 to C$140.00 and set an “outperform” rating on the stock in a research note on Friday, February 6th. National Bank Financial cut their target price on Thomson Reuters from C$190.00 to C$175.00 and set an “outperform” rating on the stock in a research note on Sunday, February 8th. Royal Bank Of Canada raised Thomson Reuters from a “hold” rating to a “moderate buy” rating in a report on Tuesday, February 10th. Finally, Wells Fargo & Company cut shares of Thomson Reuters from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 23rd. Four equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$163.00.

Thomson Reuters Trading Down 2.9%

The company has a fifty day moving average of C$122.07 and a two-hundred day moving average of C$146.51. 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 stock has a market capitalization of C$50.60 billion, a price-to-earnings ratio of 33.56, a price-to-earnings-growth ratio of 3.64 and a beta of 0.08.

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

Insider Activity

In other news, Director Sean Cannizzaro sold 320 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of C$130.70, for a total transaction of C$41,824.00. Following the sale, the director directly owned 1,075 shares in the company, valued at approximately C$140,502.50. The trade was a 22.94% decrease in their ownership of the stock. Also, Director Jason Williams sold 2,864 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of C$122.18, for a total value of C$349,923.52. Over the last ninety days, insiders have sold 203,497 shares of company stock worth $25,834,679. Company insiders own 69.76% of the company’s stock.

About Thomson Reuters

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.