Thomson Reuters (TSE:TRI) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$226.05 and traded as high as C$232.43. Thomson Reuters shares last traded at C$231.30, with a volume of 142,548 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on TRI shares. National Bank Financial raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Sunday, September 8th. National Bankshares boosted their price target on Thomson Reuters from C$219.00 to C$231.00 and gave the company a “sector perform” rating in a research note on Friday, August 2nd. Finally, Scotiabank upgraded shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 27th. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$190.14.

Thomson Reuters Stock Performance

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 fifty day moving average price of C$229.44 and a 200 day moving average price of C$226.05. The stock has a market cap of C$104.02 billion, a P/E ratio of 32.62, 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, August 1st. The company reported C$1.16 earnings per share for the quarter, topping the consensus estimate of C$1.10 by C$0.06. The firm 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%. On average, equities analysts expect that Thomson Reuters Co. will post 5.6395803 EPS for the current year.

Thomson Reuters Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders 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 dividend on an annualized basis and a yield of 0.35%. Thomson Reuters’s dividend payout ratio (DPR) is currently 41.33%.

Insider Transactions at Thomson Reuters

In related news, Director Caroline Rogge sold 339 shares of Thomson Reuters stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of C$235.35, for a total transaction of C$79,782.97. In related news, Director Caroline Rogge sold 339 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of C$235.35, for a total transaction of C$79,782.97. Also, Senior Officer David Franklin Wong sold 399 shares of the business’s 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. Insiders sold a total of 12,110 shares of company stock valued at $2,817,727 over the last ninety days. 69.76% of the stock is currently owned by 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.