TMX Group Limited (TSE:X) Receives C$43.44 Average Target Price from Analysts

Shares of TMX Group Limited (TSE:X) have earned an average rating of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$43.69.

A number of equities research analysts have weighed in on X shares. CIBC lifted their price objective on TMX Group from C$40.00 to C$43.00 in a report on Friday, July 19th. Scotiabank boosted their price target on TMX Group from C$39.00 to C$43.50 in a research note on Wednesday, July 24th. Royal Bank of Canada increased their price objective on TMX Group from C$44.00 to C$46.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Barclays boosted their target price on shares of TMX Group from C$40.00 to C$42.00 in a research note on Friday, August 2nd. Finally, BMO Capital Markets increased their target price on shares of TMX Group from C$44.00 to C$46.00 in a research report on Thursday.

TMX Group Trading Down 0.1 %

Shares of TMX Group stock opened at C$42.46 on Thursday. The company’s fifty day simple moving average is C$42.60 and its 200-day simple moving average is C$39.42. The company has a market cap of C$11.79 billion, a price-to-earnings ratio of 28.88, 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 has a 1 year low of C$28.52 and a 1 year high of C$44.28.

TMX Group (TSE:X) last announced its quarterly earnings data on Wednesday, July 31st. The company reported C$0.43 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 net margin of 13.39% and a return on equity of 10.08%. As a group, sell-side analysts expect that TMX Group will post 1.7708421 EPS for the current year.

TMX Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 30th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.76 annualized dividend and a yield of 1.79%. 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 the firm’s stock in a transaction that occurred 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, 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. Also, Senior Officer Jayakumar Rajarathinam sold 38,125 shares of the firm’s stock in a transaction dated 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. Insiders own 1.15% of the company’s stock.

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.