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

Key Points

• Thomson Reuters shares moved above their 200-day moving average, reaching C$141.88 before closing at C$140.11, up from the C$129.13 long-term average.
• Analyst sentiment remains positive: the stock has a consensus “Buy” rating and a C$166.33 price target, with recent targets raised as high as C$200.
• The company reported quarterly EPS of C$1.41 on C$2.78 billion in revenue, while insiders sold approximately C$39.6 million of shares over the past three months.

Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI's share price passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of C$129.13 and traded as high as C$141.88. Thomson Reuters shares last traded at C$140.11, with a volume of 454,123 shares traded.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TRI. National Bank Financial boosted their target price 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. TD set a C$200.00 price target on shares of Thomson Reuters and gave the company a "buy" rating in a report on Thursday, September 10th. Three equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of C$166.33.

Thomson Reuters Stock Down 1.3%

The stock has a market capitalization of C$60.70 billion, a price-to-earnings ratio of 37.30, a price-to-earnings-growth ratio of 3.64 and a beta of 0.07. The firm has a 50-day moving average of C$140.79 and a 200 day moving average of C$129.13. The company has a current ratio of 0.51, a quick ratio of 0.52 and a debt-to-equity ratio of 28.56.

Thomson Reuters (TSE:TRI - Get Free Report) 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. The company had revenue of C$2.78 billion during the quarter. Thomson Reuters had a net margin of 21.22% and a return on equity of 14.27%. On average, sell-side analysts anticipate that Thomson Reuters Co. will post 5.6395803 earnings per share for the current year.

Insider Activity at Thomson Reuters

In other Thomson Reuters news, insider The Woodbridge Company Limited sold 65,000 shares of the company's stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of C$145.38, for a total value of C$9,449,700.00. Following the completion of the transaction, the insider directly owned 306,093,126 shares of the company's stock, valued at C$44,499,818,657.88. This represents a 0.02% decrease in their position. Also, insider David Franklin Wong sold 299 shares of the firm's stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of C$139.82, for a total value of C$41,806.18. Following the sale, the insider owned 21,848 shares of the company's stock, valued at C$3,054,787.36. This represents a 1.35% decrease in their ownership of the stock. In the last three months, insiders sold 269,950 shares of company stock valued at $39,594,818. 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.

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