Thomson Reuters (TSE:TRI) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$128.32 and traded as high as C$153.81. Thomson Reuters shares last traded at C$153.12, with a volume of 1,133,355 shares.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on TRI shares. TD boosted 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. National Bank Financial boosted their price target on Thomson Reuters from C$171.00 to C$180.00 and gave the company an “outperform” rating in a research note on Thursday. Scotia lowered their price objective on Thomson Reuters from C$156.00 to C$138.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, May 6th. Finally, Argus upgraded shares of Thomson Reuters to a “hold” rating in a research note on Wednesday, April 22nd. Three analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Thomson Reuters has an average rating of “Buy” and an average target price of C$166.33.

Thomson Reuters Trading Up 1.9%

The firm’s fifty day simple moving average is C$124.88 and its 200 day simple moving average is C$127.84. The stock has a market capitalization of C$61.17 billion, a P/E ratio of 40.58, a price-to-earnings-growth ratio of 3.64 and a beta of 0.08. The company has a debt-to-equity ratio of 22.71, a quick ratio of 0.52 and a current ratio of 0.60.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its quarterly earnings data on Wednesday, August 5th. The company reported C$1.41 earnings per share (EPS) for the quarter. Thomson Reuters had a net margin of 19.93% and a return on equity of 12.70%. The business had revenue of C$2.78 billion for the quarter. As a group, equities research analysts forecast that Thomson Reuters Co. will post 5.6395803 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Jason Williams sold 2,864 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of C$122.18, for a total value of C$349,923.52. Insiders own 69.76% of the company’s stock.

Thomson Reuters Company Profile

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.