TMX Group (TSE:X) Hits New 52-Week High at $42.86

TMX Group Limited (TSE:X) shares reached a new 52-week high on Friday . The company traded as high as C$42.86 and last traded at C$42.81, with a volume of 109251 shares changing hands. The stock had previously closed at C$42.31.

Analysts Set New Price Targets

X has been the topic of several recent research reports. National Bankshares raised their price objective on TMX Group from C$40.00 to C$43.00 and gave the company a “sector perform” rating in a report on Monday, July 29th. Scotiabank boosted their price target on TMX Group from C$39.00 to C$43.50 in a report on Wednesday, July 24th. TD Securities raised their price objective on shares of TMX Group from C$41.00 to C$42.00 and gave the company a “hold” rating in a report on Thursday, August 1st. Royal Bank of Canada boosted their target price on shares of TMX Group from C$44.00 to C$46.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Finally, Barclays raised their price target on shares of TMX Group from C$40.00 to C$42.00 in a research note on Friday, August 2nd. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$43.44.

TMX Group Stock Up 1.6 %

The stock has a market capitalization of C$11.93 billion, a P/E ratio of 29.24, a price-to-earnings-growth ratio of 12.65 and a beta of 0.43. The company has a debt-to-equity ratio of 51.71, a current ratio of 1.00 and a quick ratio of 0.01. The stock has a fifty day moving average price of C$40.86 and a 200 day moving average price of C$37.63.

TMX Group (TSE:X) last issued its quarterly earnings results on Wednesday, July 31st. The company reported C$0.43 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.43. The firm had revenue of C$367.10 million during the quarter, compared to the consensus estimate of C$361.44 million. TMX Group had a return on equity of 10.08% and a net margin of 13.39%. On average, research analysts forecast that TMX Group Limited will post 1.6003781 earnings per share for the current year.

TMX Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 30th were issued a $0.19 dividend. The ex-dividend date was Friday, August 16th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.77%. TMX Group’s payout ratio is 50.34%.

Insider Buying and Selling

In other news, Senior Officer Cheryl Graden sold 146,115 shares of TMX Group stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of C$35.96, for a total value of C$5,254,295.40. In other TMX Group news, Senior Officer Jayakumar Rajarathinam sold 38,125 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of C$41.44, for a total transaction of C$1,579,766.56. Also, Senior Officer Cheryl Graden sold 146,115 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of C$35.96, for a total transaction of C$5,254,295.40. 1.15% of the stock is owned by corporate 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.