Thomson Reuters (TSE:TRI) Share Price Crosses Above Two Hundred Day Moving Average of $212.19

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$212.19 and traded as high as C$234.15. Thomson Reuters shares last traded at C$233.48, with a volume of 399,422 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TRI. TD Securities lifted their target price on shares of Thomson Reuters from C$230.00 to C$235.00 and gave the company a “hold” rating in a report on Thursday, June 20th. National Bankshares lifted their target price on shares of Thomson Reuters from C$217.00 to C$219.00 in a report on Friday, May 3rd. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of C$183.89.

Thomson Reuters Price Performance

The company has a debt-to-equity ratio of 37.11, a quick ratio of 0.52 and a current ratio of 0.97. The company has a market cap of C$105.19 billion, a PE ratio of 33.31, a PEG ratio of 3.64 and a beta of 0.38. The company’s 50-day simple moving average is C$226.98 and its 200 day simple moving average is C$212.19.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last released its quarterly earnings data on Thursday, May 2nd. The company reported C$1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.27 by C$0.23. The business had revenue of C$2.54 billion during the quarter, compared to analysts’ expectations of C$2.50 billion. Thomson Reuters had a net margin of 34.87% and a return on equity of 20.18%. On average, sell-side analysts predict that Thomson Reuters Co. will post 5.0831533 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Thursday, May 16th were given a dividend of $0.73 per share. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.54. This represents a $2.92 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend was Wednesday, May 15th. Thomson Reuters’s payout ratio is 41.94%.

Insider Transactions at Thomson Reuters

In other news, Senior Officer David Franklin Wong sold 600 shares of Thomson Reuters stock in a transaction on Friday, May 3rd. The shares were sold at an average price of C$163.82, for a total transaction of C$98,292.00. In related news, Director Ryan Kessler sold 372 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of C$171.46, for a total value of C$63,783.12. Following the completion of the sale, the director now directly owns 196 shares of the company’s stock, valued at C$33,606.16. Also, Senior Officer David Franklin Wong sold 600 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of C$163.82, for a total transaction of C$98,292.00. In the last three months, insiders sold 1,117 shares of company stock valued at $186,397. Insiders own 69.64% of the company’s stock.

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.