Thomson Reuters (TSE:TRI) Share Price Passes Below 200-Day Moving Average – What’s Next?

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$139.12 and traded as low as C$110.00. Thomson Reuters shares last traded at C$114.84, with a volume of 828,575 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. TD lifted their price objective on shares of Thomson Reuters from C$175.00 to C$185.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Wells Fargo & Company lowered Thomson Reuters from a “strong-buy” rating to a “hold” rating in a report on Monday, March 23rd. Argus upgraded Thomson Reuters to a “hold” rating in a research note on Wednesday, April 22nd. Finally, Scotia decreased their price target on Thomson Reuters from C$156.00 to C$138.00 and set a “sector outperform” rating for the company in a report on Wednesday, May 6th. Four analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Thomson Reuters currently has a consensus rating of “Buy” and an average price target of C$163.00.

Thomson Reuters Price Performance

The stock has a fifty day moving average of C$119.67 and a 200-day moving average of C$139.12. The company has a quick ratio of 0.52, a current ratio of 0.60 and a debt-to-equity ratio of 22.71. The stock has a market capitalization of C$50.13 billion, a price-to-earnings ratio of 33.25, a P/E/G ratio of 3.64 and a beta of 0.08.

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

Insider Buying and Selling at Thomson Reuters

In related news, Director Sean Cannizzaro sold 320 shares of Thomson Reuters stock in a transaction on 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 sale, the director directly owned 1,075 shares in the company, valued at C$140,502.50. This trade represents a 22.94% decrease in their position. Also, Director Jason Williams sold 2,864 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of C$122.18, for a total transaction of C$349,923.52. In the last 90 days, insiders sold 3,497 shares of company stock valued at $432,829. 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.