Thomson Reuters (TSE:TRI) Stock Price Passes Below Two Hundred Day Moving Average - What's Next?

Key Points

• Thomson Reuters Co. (TSE:TRI) stock is currently trading below its 200-day moving average of C$256.13, with the latest trading price at C$222.52.
• Despite recent fluctuations, numerous analysts have upgraded their ratings on the stock, with forecasts showing target prices ranging from C$265.80 to C$308.00.
• The company announced a quarterly dividend of $0.595, reflecting a 1.1% dividend yield and a payout ratio of 62.71%.

Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$256.13 and traded as low as C$221.60. Thomson Reuters shares last traded at C$222.52, with a volume of 368,230 shares traded.

Wall Street Analysts Forecast Growth

TRI has been the subject of several recent analyst reports. BMO Capital Markets boosted their price objective on shares of Thomson Reuters from C$280.00 to C$308.00 in a research note on Wednesday, July 16th. Cibc World Mkts raised shares of Thomson Reuters from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 19th. National Bankshares upped their target price on Thomson Reuters from C$286.00 to C$300.00 and gave the company an "outperform" rating in a research report on Thursday, July 10th. TD Securities raised Thomson Reuters from a "hold" rating to a "buy" rating and upped their target price for the company from C$275.00 to C$285.00 in a research report on Thursday, August 28th. Finally, Wells Fargo & Company raised Thomson Reuters from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, September 9th. Three investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Thomson Reuters has an average rating of "Buy" and a consensus price target of C$265.80.

Thomson Reuters Trading Down 1.3%

The company's fifty day simple moving average is C$251.25 and its 200-day simple moving average is C$256.13. The firm has a market capitalization of C$100.29 billion, a PE ratio of 61.47, a P/E/G ratio of 3.64 and a beta of 0.48. The company has a debt-to-equity ratio of 24.28, a current ratio of 0.94 and a quick ratio of 0.52.

Thomson Reuters Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 19th were given a $0.595 dividend. This represents a $2.38 annualized dividend and a dividend yield of 1.1%. Thomson Reuters's dividend payout ratio (DPR) is 62.71%.

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.

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