Thomson Reuters (TSE:TRI) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$130.43 and traded as low as C$119.17. Thomson Reuters shares last traded at C$120.72, with a volume of 512,276 shares traded.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on TRI shares. Argus raised Thomson Reuters to a “hold” rating in a report on Wednesday, April 22nd. TD increased their price objective on Thomson Reuters from C$175.00 to C$185.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Scotia reduced their target price on shares of Thomson Reuters from C$156.00 to C$138.00 and set a “sector outperform” rating for the company in a research report on Wednesday, May 6th. Finally, National Bank Financial lowered their price target on shares of Thomson Reuters from C$175.00 to C$171.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 15th. Four investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$162.33.

Thomson Reuters Stock Up 5.2%

The company has a market cap of C$55.46 billion, a P/E ratio of 36.79, a PEG ratio of 3.64 and a beta of 0.06. The stock has a 50-day moving average of C$120.40 and a 200 day moving average of C$130.41. The company has a debt-to-equity ratio of 22.71, a current ratio of 0.60 and a quick ratio of 0.52.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its quarterly earnings data on Tuesday, May 5th. The company reported C$1.71 earnings per share (EPS) for the quarter. The firm had revenue of C$2.90 billion for the quarter. Thomson Reuters had a net margin of 19.93% and a return on equity of 12.70%. Research analysts anticipate that Thomson Reuters Co. will post 5.6395803 earnings per share for the current year.

Insider Buying and Selling at Thomson Reuters

In related news, Director Jason Williams sold 2,864 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of C$122.18, for a total value of C$349,923.52. Also, Director Sean Cannizzaro sold 320 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of C$130.70, for a total value of C$41,824.00. Following the completion of the sale, the director directly owned 1,075 shares in the company, valued at C$140,502.50. This trade represents a 22.94% decrease in their ownership of the stock. Insiders have sold 3,497 shares of company stock valued at $432,829 over the last 90 days. Corporate 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.