TMX Group (TSE:X) Shares Cross Above 200-Day Moving Average – Here’s Why

Shares of TMX Group Limited (TSE:X) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$41.72 and traded as high as C$44.53. TMX Group shares last traded at C$44.38, with a volume of 229,771 shares trading hands.

Analyst Ratings Changes

Several equities research analysts have issued reports on X shares. TD Securities raised their price target on shares of TMX Group from C$42.00 to C$43.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. National Bankshares lifted their target price on shares of TMX Group from C$43.00 to C$44.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. CIBC increased their price target on TMX Group from C$43.00 to C$46.00 in a research note on Thursday, October 31st. BMO Capital Markets lifted their price objective on TMX Group from C$50.00 to C$62.00 in a research report on Thursday, December 5th. Finally, Barclays increased their target price on TMX Group from C$45.00 to C$47.00 in a research report on Monday, December 9th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of C$46.94.

TMX Group Stock Up 0.8 %

The firm has a market cap of C$12.32 billion, a P/E ratio of 30.19, a PEG ratio of 12.65 and a beta of 0.43. The firm’s 50-day moving average price is C$43.81 and its 200 day moving average price is C$41.72. The company has a debt-to-equity ratio of 51.71, a current ratio of 1.00 and a quick ratio of 0.01.

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

TMX Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 29th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date was Friday, November 15th. TMX Group’s payout ratio is 50.34%.

About TMX Group

TMX Group Ltd is a company that operates several global markets to provide investment opportunities for its clients. TMX Group’s key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, and Trayport, which provides listing markets, trading markets, clearing facilities, depository services, technology solutions, data products, and other services to the global financial community.