TMX Group (TSE:X) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

TMX Group Limited (TSE:X)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$40.77 and traded as high as C$43.81. TMX Group shares last traded at C$43.47, with a volume of 335,186 shares trading hands.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Barclays lifted their target price on shares of TMX Group from C$40.00 to C$42.00 in a report on Friday, August 2nd. TD Securities lifted their target price on shares of TMX Group from C$42.00 to C$43.00 and gave the company a “hold” rating in a report on Monday, October 28th. Scotiabank lifted their target price on shares of TMX Group from C$39.00 to C$43.50 in a report on Wednesday, July 24th. Royal Bank of Canada boosted their price objective 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, CIBC boosted their price objective on shares of TMX Group from C$43.00 to C$46.00 in a report on Thursday, October 31st. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of C$44.81.

TMX Group Price Performance

The stock has a market cap of C$12.07 billion, a price-to-earnings ratio of 29.57, a price-to-earnings-growth ratio of 12.65 and a beta of 0.43. The business’s fifty day simple moving average is C$43.47 and its 200 day simple moving average is C$40.77. The company has a debt-to-equity ratio of 51.71, a quick ratio of 0.01 and a current ratio of 1.00.

TMX Group (TSE:X) last issued its earnings results on Wednesday, October 30th. The company reported C$0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.40 by C$0.01. The business had revenue of C$353.80 million for 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%. Research analysts predict that TMX Group Limited will post 1.7708421 EPS for the current fiscal year.

TMX Group Dividend Announcement

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

Insider Activity

In related news, Director Elias Anastasopoulos sold 20,850 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of C$42.50, for a total transaction of C$886,125.00. Company 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.