Thomson Reuters (TSE:TRI) Shares Cross Above 200-Day Moving Average of $84.17

Thomson Reuters Corp (TSE:TRI) (NYSE:TRI) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $84.17 and traded as high as $90.23. Thomson Reuters shares last traded at $89.36, with a volume of 125,538 shares traded.

Several equities analysts have recently issued reports on TRI shares. National Bank Financial lifted their price target on Thomson Reuters from C$90.00 to C$93.00 and gave the stock a “sector perform” rating in a research report on Sunday, August 4th. TD Securities lowered Thomson Reuters from a “buy” rating to a “hold” rating and lifted their price target for the stock from C$92.00 to C$94.00 in a research report on Wednesday, August 21st. Finally, BMO Capital Markets lifted their price target on Thomson Reuters from C$94.00 to C$95.00 in a research report on Friday, August 2nd.

The firm has a 50-day moving average price of C$89.89 and a 200-day moving average price of C$84.27. The company has a debt-to-equity ratio of 38.60, a quick ratio of 1.67 and a current ratio of 1.93. The stock has a market cap of $46.74 billion and a PE ratio of 13.36.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its quarterly earnings results on Thursday, August 1st. The company reported C$0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.21 by C$0.18. The company had revenue of C$1.90 billion during the quarter, compared to analysts’ expectations of C$1.93 billion. As a group, sell-side analysts anticipate that Thomson Reuters Corp will post 1.94 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Thursday, August 22nd will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Wednesday, August 21st. Thomson Reuters’s dividend payout ratio is presently 22.34%.

In other Thomson Reuters news, Director Brian S. Peccarelli sold 16,354 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of C$88.97, for a total value of C$1,454,982.67. Also, Director Richard Harrison King sold 25,135 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of C$87.86, for a total value of C$2,208,433.89. Following the completion of the transaction, the director now directly owns 34,838 shares of the company’s stock, valued at approximately C$3,060,967.57.

About Thomson Reuters (TSE:TRI)

Thomson Reuters Corporation provides news and information-based tools to professionals worldwide. It operates through five segments: Legal Professionals, Corporates, Tax 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.

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