Thomson Reuters (TSE:TRI) Stock Passes Below 200 Day Moving Average - Here's What Happened

Key Points

• Thomson Reuters' share price dropped below its 200‑day moving average (C$169.07), trading as low as C$115.52 and last at C$120.61 on Monday with volume of 572,371 shares.
• Several analysts cut price targets (TD, BMO, CIBC, National Bank) while RBC upgraded to a "moderate buy"; the consensus remains a Buy with an average target of C$167.20.
• The company reported quarterly EPS of C$1.47 on C$2.76 billion in revenue, has a market cap of C$53.53 billion and a PE of 36.22, suggesting a relatively high valuation alongside low liquidity ratios (quick 0.52, current 0.64).

Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI's share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$169.07 and traded as low as C$115.52. Thomson Reuters shares last traded at C$120.61, with a volume of 572,371 shares traded.

Analyst Upgrades and Downgrades

TRI has been the topic of a number of recent research reports. TD Securities dropped their target price on Thomson Reuters from C$285.00 to C$175.00 and set a "buy" rating on the stock in a report on Friday, February 6th. National Bank Financial decreased their price target on Thomson Reuters from C$190.00 to C$175.00 and set an "outperform" rating for the company in a report on Sunday, February 8th. Royal Bank Of Canada upgraded shares of Thomson Reuters from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, February 10th. BMO Capital Markets dropped their price objective on shares of Thomson Reuters from C$275.00 to C$165.00 in a research note on Friday, February 6th. Finally, Canadian Imperial Bank of Commerce cut their price objective on shares of Thomson Reuters from C$183.00 to C$140.00 and set an "outperform" rating for the company in a research report on Friday, February 6th. Four research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of C$167.20.

Thomson Reuters Stock Performance

The stock's fifty day simple moving average is C$126.96 and its 200-day simple moving average is C$169.07. The company has a quick ratio of 0.52, a current ratio of 0.64 and a debt-to-equity ratio of 17.82. The company has a market capitalization of C$53.53 billion, a PE ratio of 36.22, a PEG ratio of 3.64 and a beta of 0.11.

Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI last announced its quarterly earnings results on Thursday, February 5th. The company reported C$1.47 EPS for the quarter. The business had revenue of C$2.76 billion for the quarter. Thomson Reuters had a return on equity of 12.37% and a net margin of 20.09%. On average, research analysts predict that Thomson Reuters Co. will post 5.6395803 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Thomson Reuters news, insider The Woodbridge Company Limited sold 65,000 shares of the business's stock in a transaction on Friday, March 20th. The stock was sold at an average price of C$127.34, for a total transaction of C$8,277,100.00. Following the sale, the insider directly owned 312,653,088 shares in the company, valued at approximately C$39,813,244,225.92. The trade was a 0.02% decrease in their ownership of the stock. Insiders own 69.76% of the company's stock.

Thomson Reuters Company Profile

Thomson Reuters is the result of the $17.6 billion megamerger of Canada's Thomson and the United Kingdom's Reuters Group in 2008 and the 2018 carve-out of its finance and risk business, Refinitiv, in which it holds a 45% stake. In 2019, the company agreed to exchange its 45% stake in Refinitiv for a 15% stake in LSE. Since the divestiture, the company is more concentrated on selling its flagship legal data and software, WestLaw, and its tax accounting software, OneSource. In addition, the company does hold a significant investment in the publicly traded Tradeweb, which operates a fixed income exchange.

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.