Thomson Reuters (TSE:TRI) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$139.12 and traded as low as C$110.00. Thomson Reuters shares last traded at C$114.84, with a volume of 828,575 shares.

Analyst Ratings Changes

TRI has been the topic of several analyst reports. TD boosted their price target on shares of Thomson Reuters from C$175.00 to C$185.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Argus raised shares of Thomson Reuters to a “hold” rating in a report on Wednesday, April 22nd. Scotia decreased their target price on shares of Thomson Reuters from C$156.00 to C$138.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, May 6th. Finally, Wells Fargo & Company cut shares of Thomson Reuters from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 23rd. Four equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$163.00.

Thomson Reuters Price Performance

The company has a debt-to-equity ratio of 22.71, a quick ratio of 0.52 and a current ratio of 0.60. The firm has a market cap of C$50.21 billion, a P/E ratio of 33.31, a P/E/G ratio of 3.64 and a beta of 0.08. The company has a 50-day moving average of C$119.56 and a 200 day moving average of C$138.61.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its quarterly earnings results on Tuesday, May 5th. The company reported C$1.71 EPS for the quarter. Thomson Reuters had a return on equity of 12.64% and a net margin of 19.83%.The business had revenue of C$2.90 billion for the quarter. On average, sell-side analysts anticipate 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 stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of C$130.70, for a total transaction of C$41,824.00. Following the completion of the sale, the director owned 1,075 shares in the company, valued at C$140,502.50. This trade represents a 22.94% decrease in their position. Also, Director Jason Williams sold 2,864 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of C$122.18, for a total transaction of C$349,923.52. Insiders sold a total of 3,497 shares of company stock worth $432,829 in the last 90 days. 69.76% of the stock is owned by corporate 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.