Thomson Reuters (TSE:TRI) Shares Pass Below 200 Day Moving Average – What’s Next?

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$149.67 and traded as low as C$115.31. Thomson Reuters shares last traded at C$115.59, with a volume of 603,004 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. TD lifted their price target on Thomson Reuters from C$175.00 to C$185.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. National Bank Financial decreased their price objective on Thomson Reuters from C$190.00 to C$175.00 and set an “outperform” rating on the stock in a report on Sunday, February 8th. TD Securities lowered their price objective on Thomson Reuters from C$285.00 to C$175.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. BMO Capital Markets dropped their target price on Thomson Reuters from C$275.00 to C$165.00 in a report on Friday, February 6th. Finally, Canadian Imperial Bank of Commerce reduced their target price on shares of Thomson Reuters from C$183.00 to C$140.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. Four research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Thomson Reuters presently has an average rating of “Buy” and an average price target of C$163.00.

Thomson Reuters Price Performance

The company has a quick ratio of 0.52, a current ratio of 0.60 and a debt-to-equity ratio of 20.72. The company’s fifty day moving average price is C$123.22 and its 200 day moving average price is C$149.67. The company has a market capitalization of C$50.46 billion, a P/E ratio of 33.47, a PEG ratio of 3.64 and a beta of 0.11.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its quarterly earnings results on Tuesday, May 5th. The company reported C$1.71 earnings per share (EPS) for the quarter. The business 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%. As a group, sell-side analysts forecast that Thomson Reuters Co. will post 5.6395803 EPS for the current year.

Insider Buying and Selling at Thomson Reuters

In related news, Director Sean Cannizzaro sold 320 shares of the firm’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of C$130.70, for a total value of C$41,824.00. Following the transaction, the director owned 1,075 shares in the company, valued at approximately C$140,502.50. This trade represents a 22.94% decrease in their ownership of the stock. Also, Director Jason Williams sold 2,864 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of C$122.18, for a total value of C$349,923.52. Insiders sold 203,497 shares of company stock valued at $25,834,679 in the last three months. Corporate 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.