Thomson Reuters (TSE:TRI) Stock Crosses Above 200 Day Moving Average - Should You Sell?

Key Points

• Thomson Reuters shares crossed above their 200-day moving average, reaching C$155.50 and last trading at C$153.97, compared with a 200-day average of C$128.06.
• Analysts maintain a positive outlook, with an overall “Buy” rating and a consensus price target of C$166.33; TD raised its target to C$200 and National Bank Financial to C$180.
• The company reported C$1.41 in quarterly EPS and C$2.78 billion in revenue, while insiders sold roughly 269,950 shares worth C$39.6 million over the past 90 days.

Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$128.06 and traded as high as C$155.50. Thomson Reuters shares last traded at C$153.97, with a volume of 872,688 shares traded.

Wall Street Analyst Weigh In

Several brokerages have commented on TRI. TD increased their target price on Thomson Reuters from C$185.00 to C$200.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. 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 research note on Thursday, August 6th. Three 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. Based on data from MarketBeat, Thomson Reuters currently has an average rating of "Buy" and a consensus target price of C$166.33.

Thomson Reuters Price Performance

The company has a quick ratio of 0.52, a current ratio of 0.51 and a debt-to-equity ratio of 28.56. The firm's fifty day moving average price is C$136.77 and its two-hundred day moving average price is C$128.06. The stock has a market capitalization of C$66.70 billion, a PE ratio of 40.99, a PEG ratio of 3.64 and a beta of 0.07.

Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI last issued its earnings results on Wednesday, August 5th. The company reported C$1.41 earnings per share (EPS) for the quarter. Thomson Reuters had a net margin of 21.22% and a return on equity of 14.27%. The company had revenue of C$2.78 billion for the quarter. On average, equities analysts predict that Thomson Reuters Co. will post 5.6395803 earnings per share for the current year.

Insider Transactions at Thomson Reuters

In other Thomson Reuters news, insider David Franklin Wong sold 2,701 shares of the stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of C$139.79, for a total value of C$377,572.79. Following the transaction, the insider owned 19,147 shares of the company's stock, valued at approximately C$2,676,559.13. This represents a 12.36% decrease in their ownership of the stock. Also, insider The Woodbridge Company Limited sold 120,000 shares of the firm's stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of C$148.19, for a total value of C$17,782,800.00. Following the completion of the transaction, the insider directly owned 306,223,126 shares in the company, valued at C$45,379,205,041.94. The trade was a 0.04% decrease in their ownership of the stock. Insiders have sold a total of 269,950 shares of company stock worth $39,594,818 in the last ninety days. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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