TMX Group Limited (TSE:X) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of TMX Group Limited (TSE:X) have been given a consensus rating of “Hold” by the seven ratings firms that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$44.81.

A number of brokerages have weighed in on X. 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. National Bankshares raised their price objective on TMX Group from C$43.00 to C$44.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. BMO Capital Markets lifted their price objective on TMX Group from C$46.00 to C$50.00 in a research note on Friday, November 1st. Barclays increased their target price on TMX Group from C$40.00 to C$42.00 in a research note on Friday, August 2nd. Finally, Scotiabank lifted their price target on TMX Group from C$39.00 to C$43.50 in a research report on Wednesday, July 24th.

Insider Activity

In other news, Director Elias Anastasopoulos sold 20,850 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of C$42.50, for a total value of C$886,125.00. Insiders own 1.15% of the company’s stock.

TMX Group Price Performance

Shares of X stock opened at C$45.04 on Monday. 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 has a fifty-two week low of C$28.52 and a fifty-two week high of C$45.92. The firm has a market cap of C$12.50 billion, a P/E ratio of 30.64, a P/E/G ratio of 12.65 and a beta of 0.43. The business’s 50 day moving average price is C$43.28 and its 200-day moving average price is C$40.39.

TMX Group (TSE:X) last posted its quarterly earnings data 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 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 analysts’ expectations of C$356.24 million. On average, equities research analysts anticipate that TMX Group will post 1.7708421 earnings per share for the current year.

TMX Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a $0.19 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.76 annualized dividend and a yield of 1.69%. TMX Group’s payout ratio is presently 50.34%.

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.