Thomson Reuters (TSE:TRI) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$188.51 and traded as low as C$148.66. Thomson Reuters shares last traded at C$151.39, with a volume of 1,031,404 shares.

Analysts Set New Price Targets

TRI has been the subject of a number of research reports. Canadian Imperial Bank of Commerce dropped their price objective on shares of Thomson Reuters from C$183.00 to C$140.00 and set an “outperform” rating for the company in a report on Friday, February 6th. TD Securities decreased their price target on shares of Thomson Reuters from C$285.00 to C$175.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Royal Bank Of Canada raised shares of Thomson Reuters from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, February 10th. BMO Capital Markets cut their price target on shares of Thomson Reuters from C$275.00 to C$165.00 in a report on Friday, February 6th. Finally, National Bank Financial reduced their price objective on shares of Thomson Reuters from C$190.00 to C$175.00 and set an “outperform” rating on the stock in a research note on Sunday, February 8th. Five research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$181.83.

Thomson Reuters Stock Performance

The company has a debt-to-equity ratio of 17.82, a quick ratio of 0.52 and a current ratio of 0.64. The stock’s 50 day moving average price is C$147.55 and its 200 day moving average price is C$187.43. The company has a market capitalization of C$62.33 billion, a P/E ratio of 42.06, a price-to-earnings-growth ratio of 3.64 and a beta of -0.02.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last released its earnings results on Thursday, February 5th. The company reported C$1.47 earnings per share (EPS) for the quarter. Thomson Reuters had a net margin of 20.09% and a return on equity of 12.37%. The business had revenue of C$2.76 billion for the quarter. As a group, equities analysts expect that Thomson Reuters Co. will post 5.6395803 EPS for the current year.

Thomson Reuters Company Profile

Thomson Reuters is the result of the $17.6 billion megamerger of Canada’s Thomson and the United Kingdom’s Reuters Group in 2008 and the 2018 carve-out of its finance and risk business, Refinitiv, in which it holds a 45% stake. In 2019, the company agreed to exchange its 45% stake in Refinitiv for a 15% stake in LSE. Since the divestiture, the company is more concentrated on selling its flagship legal data and software, WestLaw, and its tax accounting software, OneSource. In addition, the company does hold a significant investment in the publicly traded Tradeweb, which operates a fixed income exchange.