Thomson Reuters (TSE:TRI) Shares Cross Above 200-Day Moving Average – Here’s Why

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$236.49 and traded as high as C$247.74. Thomson Reuters shares last traded at C$246.29, with a volume of 220,967 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. TD Securities raised their price objective on shares of Thomson Reuters from C$250.00 to C$260.00 and gave the stock a “hold” rating in a report on Friday, February 7th. BMO Capital Markets lifted their price target on Thomson Reuters from C$260.00 to C$265.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Finally, National Bankshares upped their price objective on Thomson Reuters from C$260.00 to C$286.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$270.33.

Thomson Reuters Stock Performance

The stock’s 50-day moving average price is C$246.66 and its 200-day moving average price is C$236.67. The company has a current ratio of 0.94, a quick ratio of 0.52 and a debt-to-equity ratio of 24.28. The company has a market capitalization of C$78.05 billion, a P/E ratio of 37.20, a P/E/G ratio of 3.64 and a beta of 0.40.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last released its quarterly earnings data on Thursday, February 6th. The company reported C$1.01 earnings per share for the quarter, topping the consensus estimate of C$0.97 by C$0.04. Thomson Reuters had a net margin of 32.12% and a return on equity of 20.19%. During the same quarter last year, the business earned $0.98 EPS. As a group, equities 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 Monday, March 10th. Investors of record on Thursday, February 20th were given a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a yield of 0.96%. Thomson Reuters’s dividend payout ratio is currently 44.12%.

Insiders Place Their Bets

In other Thomson Reuters news, Senior Officer David Franklin Wong sold 2,256 shares of the business’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of C$251.96, for a total transaction of C$568,432.59. 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.