Analysts Set TMX Group Limited (TSE:X) Target Price at C$46.94

TMX Group Limited (TSE:X) has earned a consensus recommendation of “Hold” from the seven ratings firms that are covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$46.94.

A number of research analysts have recently issued reports on X shares. Barclays raised their price objective on TMX Group from C$45.00 to C$47.00 in a research note on Monday, December 9th. TD Securities upped their price objective on shares of 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 lifted their target price on shares of TMX Group from C$50.00 to C$62.00 in a research note on Thursday, December 5th. National Bankshares increased their price target 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. Finally, CIBC lifted their price objective on TMX Group from C$43.00 to C$46.00 in a research report on Thursday, October 31st.

TMX Group Price Performance

X opened at C$44.48 on Tuesday. The firm’s fifty day moving average price is C$44.06 and its two-hundred day moving average price is C$42.14. The company has a market capitalization of C$12.35 billion, a price-to-earnings ratio of 30.26, a P/E/G 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. TMX Group has a 1 year low of C$31.15 and a 1 year high of C$45.92.

TMX Group (TSE:X) last posted its quarterly earnings data on Wednesday, October 30th. The company reported C$0.41 EPS for the quarter, beating the consensus estimate of C$0.40 by C$0.01. TMX Group had a return on equity of 10.08% and a net margin of 13.39%. The business had revenue of C$353.80 million for the quarter, compared to the consensus estimate of C$356.24 million. As a group, analysts anticipate that TMX Group will post 1.7708421 earnings per share for the current fiscal year.

TMX Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 29th were paid a $0.19 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.71%. TMX Group’s dividend payout ratio (DPR) is currently 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.