Thomson Reuters (TSE:TRI) Shares Pass Above 200 Day Moving Average of $147.83

Thomson Reuters Co. (TSE:TRIGet Rating) (NYSE:TRI) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$147.83 and traded as high as C$159.37. Thomson Reuters shares last traded at C$158.03, with a volume of 443,947 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. BMO Capital Markets boosted their target price on shares of Thomson Reuters from C$160.00 to C$165.00 in a report on Wednesday, November 2nd. Bank of America increased their price objective on shares of Thomson Reuters from C$178.00 to C$190.00 in a report on Thursday, October 13th. Finally, BNP Paribas downgraded Thomson Reuters to a “sell” rating in a research report on Thursday, December 1st.

Thomson Reuters Stock Up 0.6 %

The firm has a market cap of C$75.76 billion and a P/E ratio of 53.39. The company’s 50-day simple moving average is C$155.66 and its 200 day simple moving average is C$147.83. The company has a debt-to-equity ratio of 33.61, a current ratio of 0.69 and a quick ratio of 0.52.

Thomson Reuters (TSE:TRIGet Rating) (NYSE:TRI) last released its quarterly earnings results on Tuesday, November 1st. The company reported C$0.74 EPS for the quarter, topping the consensus estimate of C$0.66 by C$0.08. The company had revenue of C$2.05 billion during the quarter, compared to analysts’ expectations of C$2.13 billion. Research analysts anticipate that Thomson Reuters Co. will post 4.32 EPS for the current fiscal year.

Thomson Reuters Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Thursday, November 17th were issued a dividend of $0.445 per share. The ex-dividend date of this dividend was Wednesday, November 16th. This represents a $1.78 annualized dividend and a yield of 1.13%. Thomson Reuters’s payout ratio is presently 58.78%.

Insider Buying and Selling

In other news, Senior Officer David Franklin Wong sold 600 shares of the firm’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of C$145.41, for a total value of C$87,245.34. Following the completion of the sale, the insider now owns 16,599 shares in the company, valued at approximately C$2,413,642.33. In related news, Senior Officer David Franklin Wong sold 600 shares of the company’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of C$145.41, for a total transaction of C$87,245.34. Following the transaction, the insider now directly owns 16,599 shares in the company, valued at approximately C$2,413,642.33. Also, Senior Officer Kirsty Roth sold 969 shares of the firm’s stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of C$153.10, for a total transaction of C$148,349.06. Following the completion of the sale, the insider now directly owns 4,375 shares of the company’s stock, valued at approximately C$669,790.63. Insiders sold a total of 2,784 shares of company stock worth $414,645 over the last three months.

Thomson Reuters Company Profile

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Thomson Reuters Corporation provides 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.

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