BMO Capital Markets Boosts TMX Group (TSE:X) Price Target to C$44.00

TMX Group (TSE:X) had its target price upped by research analysts at BMO Capital Markets from C$42.00 to C$44.00 in a research note issued on Wednesday, BayStreet.CA reports. BMO Capital Markets’ price objective would indicate a potential upside of 9.13% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on X. Canaccord Genuity Group set a C$44.00 price objective on shares of TMX Group and gave the stock a “buy” rating in a research report on Friday, April 26th. Royal Bank of Canada decreased their price objective on TMX Group from C$40.00 to C$39.00 and set a “sector perform” rating on the stock in a report on Sunday, May 5th. National Bankshares raised their target price on TMX Group from C$37.00 to C$40.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 30th. TD Securities upped their price target on TMX Group from C$35.00 to C$37.00 and gave the company a “hold” rating in a research note on Monday, May 6th. Finally, Barclays raised their price objective on TMX Group from C$35.00 to C$38.00 in a research report on Monday, April 8th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of C$40.38.

TMX Group Price Performance

TSE X traded up C$1.44 during trading hours on Wednesday, hitting C$40.32. 146,369 shares of the company’s stock traded hands, compared to its average volume of 361,361. The company has a market capitalization of C$11.17 billion, a PE ratio of 27.58, a PEG ratio of 12.65 and a beta of 0.39. The company has a debt-to-equity ratio of 54.91, a current ratio of 1.00 and a quick ratio of 0.01. TMX Group has a 52-week low of C$28.32 and a 52-week high of C$40.44. The firm’s 50-day moving average is C$37.14 and its 200-day moving average is C$35.28.

TMX Group (TSE:X) last announced its quarterly earnings data on Thursday, May 2nd. The company reported C$0.38 EPS for the quarter, topping analysts’ consensus estimates of C$0.37 by C$0.01. TMX Group had a return on equity of 10.16% and a net margin of 13.67%. The firm had revenue of C$345.90 million for the quarter, compared to the consensus estimate of C$338.61 million. Equities analysts forecast that TMX Group will post 1.6098304 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Senior Officer Cheryl Graden sold 146,115 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of C$35.96, for a total value of C$5,254,295.40. In other news, Senior Officer Cheryl Graden sold 146,115 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of C$35.96, for a total value of C$5,254,295.40. Also, Director Peter Alexander Conroy sold 13,965 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of C$36.19, for a total transaction of C$505,347.27. 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.