Thomson Reuters (TSE:TRI) Stock Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI's stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$238.26 and traded as high as C$252.84. Thomson Reuters shares last traded at C$249.37, with a volume of 192,125 shares trading hands.

Wall Street Analysts Forecast Growth

TRI has been the topic of several analyst reports. TD Securities lifted their target price on shares of Thomson Reuters from C$250.00 to C$260.00 and gave the company a "hold" rating in a report on Friday, February 7th. BMO Capital Markets boosted their price objective on shares of Thomson Reuters from C$260.00 to C$265.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. National Bankshares boosted their price objective on shares of Thomson Reuters from C$260.00 to C$286.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Finally, Bank of America set a C$255.00 price objective on shares of Thomson Reuters and gave the stock a "neutral" rating in a report on Thursday, April 10th. Three analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Thomson Reuters presently has a consensus rating of "Moderate Buy" and an average target price of C$266.50.

Thomson Reuters Trading Down 0.2 %

The company has a debt-to-equity ratio of 24.28, a current ratio of 0.94 and a quick ratio of 0.52. The company has a market cap of C$79.53 billion, a price-to-earnings ratio of 37.90, a PEG ratio of 3.64 and a beta of 0.40. The business's 50-day simple moving average is C$247.48 and its 200-day simple moving average is C$239.04.

Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI last announced its earnings results on Thursday, February 6th. The company reported C$1.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$0.97 by C$0.04. Thomson Reuters had a net margin of 32.12% and a return on equity of 20.19%. During the same quarter in the previous year, the company earned $0.98 earnings per share. Research analysts predict that Thomson Reuters Co. will post 5.6395803 earnings per share for the current fiscal year.

Thomson Reuters Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Thursday, February 20th were given a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a yield of 0.95%. Thomson Reuters's payout ratio is currently 44.12%.

Insiders Place Their Bets

In other news, Senior Officer David Franklin Wong sold 2,256 shares of the firm's stock in a transaction on Friday, February 14th. The stock was sold at an average price of C$251.96, for a total transaction of C$568,432.59. Also, Director Kerry Hendrikx sold 1,500 shares of the firm's stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of C$247.06, for a total value of C$370,591.65. 69.76% of the stock is currently owned by company insiders.

Thomson Reuters Company Profile

Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.