Thomson Reuters (TSE:TRI) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$127.13 and traded as high as C$148.24. Thomson Reuters shares last traded at C$143.55, with a volume of 622,577 shares traded.

Analyst Upgrades and Downgrades

TRI has been the topic of a number of research analyst reports. National Bank Financial boosted their price target on Thomson Reuters from C$171.00 to C$180.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Argus upgraded shares of Thomson Reuters to a “hold” rating in a research report on Wednesday, April 22nd. TD boosted their target price on shares of Thomson Reuters from C$185.00 to C$200.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, Scotia dropped their target price on shares of Thomson Reuters from C$156.00 to C$138.00 and set a “sector outperform” rating for the company in a research report on Wednesday, May 6th. Three equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$166.33.

Thomson Reuters Price Performance

The company has a debt-to-equity ratio of 26.44, a quick ratio of 0.52 and a current ratio of 0.51. The firm has a fifty day simple moving average of C$127.74 and a two-hundred day simple moving average of C$127.13. The firm has a market cap of C$62.19 billion, a PE ratio of 38.22, a PEG ratio of 3.64 and a beta of 0.08.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its quarterly earnings data on Wednesday, August 5th. The company reported C$1.41 earnings per share (EPS) for the quarter. Thomson Reuters had a return on equity of 14.27% and a net margin of 21.36%.The business had revenue of C$2.78 billion for the quarter. Equities analysts predict that Thomson Reuters Co. will post 5.6395803 EPS for the current fiscal year.

Insider Transactions at Thomson Reuters

In other Thomson Reuters news, insider David Franklin Wong sold 299 shares of the stock in a transaction on Thursday, August 6th. The shares were sold at an average price of C$139.82, for a total transaction of C$41,806.18. Following the completion of the transaction, the insider owned 21,848 shares in the company, valued at C$3,054,787.36. This trade represents a 1.35% decrease in their ownership of the stock. 69.76% of the stock is currently owned by insiders.

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.