Thomson Reuters (TSE:TRI) Share Price Passes Above 200 Day Moving Average – What’s Next?

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$231.43 and traded as high as C$255.11. Thomson Reuters shares last traded at C$246.24, with a volume of 325,436 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TRI. Wells Fargo & Company upgraded Thomson Reuters to a “hold” rating in a research note on Tuesday, November 26th. TD Securities increased their price objective on Thomson Reuters from C$250.00 to C$260.00 and gave the stock a “hold” rating in a research report on Friday, February 7th. National Bankshares increased their price objective on Thomson Reuters from C$260.00 to C$286.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Finally, BMO Capital Markets increased their price objective on Thomson Reuters from C$260.00 to C$265.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$270.33.

Thomson Reuters Stock Performance

The firm has a market cap of C$77.79 billion, a PE ratio of 37.08, a P/E/G ratio of 3.64 and a beta of 0.40. The company has a debt-to-equity ratio of 24.28, a current ratio of 0.94 and a quick ratio of 0.52. The stock has a 50-day moving average price of C$237.03 and a 200 day moving average price of C$231.60.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its quarterly earnings results on Thursday, February 6th. The company reported C$1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.97 by C$0.04. Thomson Reuters had a return on equity of 20.19% and a net margin of 32.12%. During the same quarter in the prior year, the firm earned $0.98 earnings per share. Research analysts forecast that Thomson Reuters Co. will post 5.6395803 earnings per share for the current year.

Thomson Reuters Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Thursday, February 20th will be paid a $0.595 dividend. This represents a $2.38 annualized dividend and a dividend yield of 0.97%. Thomson Reuters’s dividend payout ratio (DPR) is 44.12%.

About Thomson Reuters

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.