Thomson Reuters (TSE:TRI) Shares Cross Above 200-Day Moving Average of $224.13

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$224.13 and traded as high as C$230.81. Thomson Reuters shares last traded at C$230.69, with a volume of 318,822 shares trading hands.

Analyst Ratings Changes

A number of analysts have issued reports on the company. National Bankshares upped their price objective on Thomson Reuters from C$219.00 to C$231.00 and gave the stock a “sector perform” rating in a research report on Friday, August 2nd. National Bank Financial raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Sunday, September 8th. TD Securities increased their price target on shares of Thomson Reuters from C$230.00 to C$235.00 and gave the company a “hold” rating in a research note on Thursday, June 20th. Finally, Scotiabank upgraded shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 27th. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$190.14.

Thomson Reuters Stock Up 0.5 %

The company has a current ratio of 0.88, a quick ratio of 0.52 and a debt-to-equity ratio of 29.05. The business has a 50 day moving average of C$226.80 and a 200-day moving average of C$224.13. The stock has a market cap of C$103.74 billion, a PE ratio of 32.96, a P/E/G ratio of 3.64 and a beta of 0.40.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its earnings results on Thursday, August 1st. The company reported C$1.16 EPS for the quarter, beating analysts’ consensus estimates of C$1.10 by C$0.06. The business had revenue of C$2.38 billion for the quarter, compared to analysts’ expectations of C$2.38 billion. Thomson Reuters had a net margin of 33.65% and a return on equity of 20.41%. Equities research analysts predict that Thomson Reuters Co. will post 5.753 EPS for the current fiscal year.

Thomson Reuters Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.80 annualized dividend and a dividend yield of 0.35%. Thomson Reuters’s dividend payout ratio (DPR) is 41.86%.

Insider Activity at Thomson Reuters

In other Thomson Reuters news, Senior Officer David Franklin Wong sold 399 shares of the stock in a transaction that occurred on 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, Senior Officer David Franklin Wong sold 399 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of C$155.78, for a total value of C$62,156.22. Also, Senior Officer Kirsty Roth sold 5,310 shares of Thomson Reuters stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of C$234.93, for a total transaction of C$1,247,459.18. Insiders have sold 12,110 shares of company stock worth $2,817,727 in the last quarter. Company insiders own 69.79% 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.