Thomson Reuters (TSE:TRI) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Shares of Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$128.06 and traded as high as C$155.50. Thomson Reuters shares last traded at C$153.97, with a volume of 872,688 shares.

Wall Street Analyst Weigh In

TRI has been the topic of several research reports. TD upped their target price on Thomson Reuters from C$185.00 to C$200.00 and gave the company a “buy” rating in a report on Thursday, August 6th. National Bank Financial boosted their price objective on shares of Thomson Reuters from C$171.00 to C$180.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. Three 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 stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$166.33.

Thomson Reuters Price Performance

The company has a debt-to-equity ratio of 28.56, a quick ratio of 0.52 and a current ratio of 0.51. The company has a 50-day moving average of C$137.31 and a 200-day moving average of C$128.19. The stock has a market capitalization of C$63.35 billion, a price-to-earnings ratio of 38.93, a P/E/G ratio of 3.64 and a beta of 0.07.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its earnings results on Wednesday, August 5th. The company reported C$1.41 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 for the quarter. As a group, equities research analysts expect that Thomson Reuters Co. will post 5.6395803 earnings per share for the current fiscal year.

Insider Activity at Thomson Reuters

In related news, insider Elizabeth Florence Zimick sold 1,950 shares of Thomson Reuters stock in a transaction dated Friday, August 14th. The stock was sold at an average price of C$149.61, for a total transaction of C$291,739.50. Following the completion of the sale, the insider owned 2,210 shares in the company, valued at approximately C$330,638.10. This trade represents a 46.88% decrease in their position. Also, insider The Woodbridge Company Limited sold 65,000 shares of the business’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of C$145.38, for a total transaction of C$9,449,700.00. Following the completion of the transaction, the insider directly owned 306,093,126 shares of the company’s stock, valued at C$44,499,818,657.88. The trade was a 0.02% decrease in their position. Insiders have sold a total of 269,950 shares of company stock valued at $39,594,818 over the last quarter. Insiders own 69.76% of the company’s stock.

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.