Thomson Reuters (TSE:TRI) Shares Cross Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Thomson Reuters shares rose above their 200-day moving average, reaching C$148.24 before closing at C$143.55, compared with a 200-day average of C$127.13.
• Analysts maintain a generally positive outlook, with the stock carrying a consensus “Buy” rating and an average price target of C$166.33. Recent targets range from C$138 to C$200.
• The company reported quarterly EPS of C$1.41 and revenue of C$2.78 billion, while an insider sold 2,701 shares for approximately C$377,573.

Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI's stock price passed 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 changing hands.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Scotia reduced 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 note on Wednesday, May 6th. Argus raised Thomson Reuters to a "hold" rating in a report on Wednesday, April 22nd. TD increased their price objective on 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, National Bank Financial lifted their target price on Thomson Reuters from C$171.00 to C$180.00 and gave the company an "outperform" rating in a research note on Thursday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of C$166.33.

Thomson Reuters Stock Performance

The stock has a market cap of C$62.19 billion, a P/E ratio of 38.22, a PEG ratio of 3.64 and a beta of 0.08. The company has a debt-to-equity ratio of 26.44, a current ratio of 0.51 and a quick ratio of 0.52. The company has a fifty day moving average of C$127.74 and a 200 day moving average of C$127.13.

Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI last issued its quarterly earnings results 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 21.22%.The firm had revenue of C$2.78 billion during the quarter. On average, equities analysts predict that Thomson Reuters Co. will post 5.6395803 earnings per share for the current fiscal year.

Insider Transactions at Thomson Reuters

In related news, insider David Franklin Wong sold 2,701 shares of Thomson Reuters stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of C$139.79, for a total transaction of C$377,572.79. Following the transaction, the insider directly owned 19,147 shares of the company's stock, valued at C$2,676,559.13. The trade was a 12.36% 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.

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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