TMX Group (TSE:X) Stock Passes Above 200-Day Moving Average of $38.62

TMX Group Limited (TSE:X)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$38.62 and traded as high as C$43.58. TMX Group shares last traded at C$43.56, with a volume of 1,044,222 shares.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on X. National Bankshares raised their price objective on shares of TMX Group from C$40.00 to C$43.00 and gave the company a “sector perform” rating in a research report on Monday, July 29th. Scotiabank raised their target price on shares of TMX Group from C$39.00 to C$43.50 in a report on Wednesday, July 24th. TD Securities upped their price target on TMX Group from C$41.00 to C$42.00 and gave the company a “hold” rating in a report on Thursday, August 1st. CIBC raised their price objective on TMX Group from C$40.00 to C$43.00 in a research note on Friday, July 19th. Finally, BMO Capital Markets lifted their target price on TMX Group from C$42.00 to C$44.00 in a report on Wednesday, July 10th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$43.44.

TMX Group Stock Performance

The firm’s 50-day simple moving average is C$42.27 and its two-hundred day simple moving average is C$38.62. The stock has a market capitalization of C$12.09 billion, a PE ratio of 29.63, a PEG ratio of 12.65 and a beta of 0.43. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 51.71.

TMX Group (TSE:X) last issued its quarterly earnings results on Wednesday, July 31st. The company reported C$0.43 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.43. The business had revenue of C$367.10 million for 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, equities research analysts expect that TMX Group Limited will post 1.7915137 earnings per share for the current fiscal year.

TMX Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 30th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend was Friday, August 16th. TMX Group’s dividend payout ratio (DPR) is 50.34%.

Insider Activity at TMX Group

In other news, Director Elias Anastasopoulos sold 20,850 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of C$42.50, for a total value of C$886,125.00. In other news, Senior Officer Jayakumar Rajarathinam sold 38,125 shares of the firm’s 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, Director Elias Anastasopoulos sold 20,850 shares of the company’s 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. 1.15% of the stock is currently owned by insiders.

About TMX Group

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.