TMX Group (TSE:X) Share Price Passes Above 200 Day Moving Average of $34.96

Shares of TMX Group Limited (TSE:X) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$34.96 and traded as high as C$38.58. TMX Group shares last traded at C$38.08, with a volume of 327,819 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Royal Bank of Canada cut their price objective on TMX Group from C$40.00 to C$39.00 and set a “sector perform” rating for the company in a research report on Sunday, May 5th. Scotiabank boosted their price target on TMX Group from C$38.00 to C$39.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 30th. Barclays increased their price objective on TMX Group from C$35.00 to C$38.00 in a research note on Monday, April 8th. National Bankshares boosted their target price on shares of TMX Group from C$37.00 to C$40.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 30th. Finally, CIBC raised their price target on shares of TMX Group from C$38.00 to C$40.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, TMX Group currently has a consensus rating of “Hold” and a consensus price target of C$39.88.

TMX Group Stock Performance

The company’s fifty day moving average price is C$36.86 and its two-hundred day moving average price is C$34.96. The firm has a market capitalization of C$10.55 billion, a PE ratio of 26.08, a price-to-earnings-growth ratio of 12.65 and a beta of 0.39. The company has a debt-to-equity ratio of 54.91, a quick ratio of 0.01 and a current ratio of 1.00.

TMX Group (TSE:X) last posted its quarterly earnings results on Thursday, May 2nd. The company reported C$0.38 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.37 by C$0.01. TMX Group had a net margin of 13.67% and a return on equity of 10.16%. The company had revenue of C$345.90 million for the quarter, compared to the consensus estimate of C$338.61 million. As a group, equities analysts expect that TMX Group Limited will post 1.6098304 earnings per share for the current year.

TMX Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date was Thursday, May 16th. This is an increase from TMX Group’s previous quarterly dividend of $0.18. TMX Group’s payout ratio is 50.00%.

Insiders Place Their Bets

In related news, Senior Officer Cheryl Graden sold 146,115 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of C$35.96, for a total value of C$5,254,295.40. In related news, Senior Officer Cheryl Graden sold 146,115 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of C$35.96, for a total transaction of C$5,254,295.40. Also, Director Peter Alexander Conroy sold 13,965 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of C$36.19, for a total value of C$505,347.27. 1.15% of the stock is currently owned by insiders.

TMX Group Company Profile

TMX Group Limited operates exchanges, markets, and clearinghouses primarily for capital markets in Canada, the United States, the United Kingdom, Germany, and internationally. It operates through four segments: Global Solutions, Insights & Analytics; Capital Formation; Derivatives Trading & Clearing; and Equities and Fixed Income Trading & Clearing.