TMX Group (TSE:X) Stock Price Expected to Rise, CIBC Analyst Says

TMX Group (TSE:X) had its price objective lifted by CIBC from C$43.00 to C$46.00 in a research report released on Thursday morning, BayStreet.CA reports.

X has been the subject of a number of other research reports. Scotiabank increased their target price on shares of TMX Group from C$39.00 to C$43.50 in a research report on Wednesday, July 24th. Barclays increased their price objective on shares of TMX Group from C$40.00 to C$42.00 in a report on Friday, August 2nd. TD Securities boosted their target price on TMX Group from C$42.00 to C$43.00 and gave the stock a “hold” rating in a report on Monday, October 28th. BMO Capital Markets upped their target price on TMX Group from C$44.00 to C$46.00 in a research report on Thursday, October 10th. Finally, Royal Bank of Canada lifted their price target on TMX Group from C$44.00 to C$46.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of C$44.81.

TMX Group Stock Up 0.1 %

Shares of TMX Group stock opened at C$43.52 on Thursday. The stock has a market capitalization of C$12.08 billion, a price-to-earnings ratio of 29.61, a PEG ratio of 12.65 and a beta of 0.43. TMX Group has a twelve month low of C$28.52 and a twelve month high of C$45.92. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 51.71. The business’s 50 day simple moving average is C$43.06 and its 200-day simple moving average is C$40.10.

TMX Group (TSE:X) last released its quarterly earnings results on Wednesday, October 30th. The company reported C$0.41 EPS for the quarter, topping the consensus estimate of C$0.40 by C$0.01. The business had revenue of C$353.80 million during the quarter, compared to analyst estimates of C$356.24 million. TMX Group had a net margin of 13.39% and a return on equity of 10.08%. Equities research analysts forecast that TMX Group will post 1.7708421 earnings per share for the current year.

TMX Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date is Friday, November 15th. TMX Group’s dividend payout ratio (DPR) is 50.34%.

Insiders Place Their Bets

In related news, Director Elias Anastasopoulos sold 20,850 shares of TMX Group stock in a transaction on Thursday, August 29th. The stock was sold at an average price of C$42.50, for a total transaction of C$886,125.00. In other TMX Group news, Senior Officer Jayakumar Rajarathinam sold 38,125 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of C$41.44, for a total value of C$1,579,766.56. Also, Director Elias Anastasopoulos sold 20,850 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of C$42.50, for a total transaction of C$886,125.00. Insiders own 1.15% of the company’s stock.

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.