Thomson Reuters (TSE:TRI) Stock Price Passes Above Two Hundred Day Moving Average of $95.28

Thomson Reuters Corp (TSE:TRI) (NYSE:TRI) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $95.28 and traded as high as $102.46. Thomson Reuters shares last traded at $102.37, with a volume of 659,476 shares traded.

Separately, TD Securities upgraded Thomson Reuters from a “hold” rating to a “buy” rating and raised their price target for the stock from C$100.00 to C$105.00 in a research report on Thursday, August 6th.

The firm has a 50-day moving average of C$99.32 and a 200-day moving average of C$95.26. The company has a debt-to-equity ratio of 44.51, a quick ratio of 1.17 and a current ratio of 1.41. The firm has a market capitalization of $50.88 billion and a P/E ratio of 32.06.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its quarterly earnings data on Wednesday, August 5th. The company reported C$0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.54 by C$0.07. The business had revenue of C$1.95 billion during the quarter, compared to the consensus estimate of C$1.98 billion. Equities analysts anticipate that Thomson Reuters Corp will post 1.9811806 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Thursday, August 20th were given a $0.38 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.48%. Thomson Reuters’s dividend payout ratio is currently 46.31%.

In other news, Director Brian S. Peccarelli sold 7,132 shares of Thomson Reuters stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of C$103.34, for a total value of C$737,040.85. Following the sale, the director now directly owns 30 shares in the company, valued at approximately C$3,100.28.

Thomson Reuters Company Profile (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.

Featured Story: What is a price target?

Receive News & Ratings for Thomson Reuters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thomson Reuters and related companies with MarketBeat.com's FREE daily email newsletter.