Thomson Reuters (TSE:TRI) Stock Crosses Above Two Hundred Day Moving Average of $221.93

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$221.93 and traded as high as C$229.26. Thomson Reuters shares last traded at C$228.99, with a volume of 270,859 shares trading hands.

Analysts Set New Price Targets

TRI has been the subject of several recent analyst reports. National Bankshares upped their target price on Thomson Reuters from C$219.00 to C$231.00 and gave the stock a “sector perform” rating in a research note on Friday, August 2nd. TD Securities upped their price objective on Thomson Reuters from C$230.00 to C$235.00 and gave the stock a “hold” rating in a research report on Thursday, June 20th. Finally, Scotiabank upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 27th. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Thomson Reuters currently has a consensus rating of “Hold” and a consensus target price of C$189.63.

Thomson Reuters Stock Performance

The company has a fifty day moving average price of C$225.70 and a two-hundred day moving average price of C$221.93. The company has a debt-to-equity ratio of 29.05, a current ratio of 0.88 and a quick ratio of 0.52. The company has a market capitalization of C$102.98 billion, a P/E ratio of 33.04, a PEG ratio of 3.64 and a beta of 0.40.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its earnings results on Thursday, August 1st. The company reported C$1.16 EPS for the quarter, topping the consensus estimate of C$1.10 by C$0.06. The business had revenue of C$2.38 billion for the quarter, compared to the consensus estimate of C$2.38 billion. Thomson Reuters had a net margin of 33.65% and a return on equity of 20.41%. Equities analysts forecast that Thomson Reuters Co. will post 5.1893785 earnings per share for the current fiscal year.

Thomson Reuters Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Thursday, August 15th will be issued a $0.20 dividend. The ex-dividend date is Thursday, August 15th. This represents a $0.80 dividend on an annualized basis and a yield of 0.35%. Thomson Reuters’s payout ratio is 42.86%.

Insider Buying and Selling

In other Thomson Reuters news, Senior Officer David Franklin Wong sold 399 shares of Thomson Reuters stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of C$155.78, for a total transaction of C$62,156.22. In other news, Director Ryan Kessler sold 372 shares of the stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of C$171.46, for a total transaction of C$63,783.12. Following the completion of the sale, the director now directly owns 196 shares in the company, valued at C$33,606.16. Also, Senior Officer David Franklin Wong sold 399 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of C$155.78, for a total transaction of C$62,156.22. Insiders sold a total of 1,497 shares of company stock valued at $246,818 in the last three months. Insiders own 69.78% of the company’s stock.

About Thomson Reuters

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.