TMX Group (TSE:X) PT Raised to C$42.00 at TD Securities

TMX Group (TSE:X) had its price objective raised by equities research analysts at TD Securities from C$41.00 to C$42.00 in a research note issued to investors on Thursday, BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD Securities’ price target points to a potential upside of 1.50% from the stock’s previous close.

A number of other brokerages also recently commented on X. Scotiabank raised their price objective on shares of TMX Group from C$39.00 to C$43.50 in a research report on Wednesday, July 24th. CIBC lifted their price target on TMX Group from C$40.00 to C$43.00 in a research note on Friday, July 19th. National Bankshares upped their price objective on TMX Group from C$40.00 to C$43.00 and gave the stock a “sector perform” rating in a report on Monday. Barclays raised their target price on TMX Group from C$38.00 to C$40.00 in a report on Wednesday, July 10th. Finally, Canaccord Genuity Group set a C$44.00 price target on shares of TMX Group and gave the stock a “buy” rating in a research note on Friday, April 26th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, TMX Group presently has an average rating of “Hold” and an average target price of C$43.19.

TMX Group Stock Performance

Shares of X stock traded down C$0.58 during mid-day trading on Thursday, hitting C$41.38. 118,442 shares of the stock were exchanged, compared to its average volume of 358,527. TMX Group has a 12-month low of C$28.32 and a 12-month high of C$42.50. The company has a debt-to-equity ratio of 54.91, a quick ratio of 0.01 and a current ratio of 1.00. The stock has a market capitalization of C$11.47 billion, a price-to-earnings ratio of 28.38, a P/E/G ratio of 12.65 and a beta of 0.39. The stock’s fifty day simple moving average is C$38.58 and its two-hundred day simple moving average is C$36.30.

TMX Group (TSE:X) last released its earnings results on Thursday, May 2nd. The company reported C$0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.37 by C$0.01. The business had revenue of C$345.90 million for the quarter, compared to analyst estimates of C$338.61 million. TMX Group had a return on equity of 10.16% and a net margin of 13.67%. On average, analysts forecast that TMX Group will post 1.6098304 EPS for the current year.

Insider Activity

In other TMX Group news, Director Peter Alexander Conroy sold 13,965 shares of TMX Group stock in a transaction dated Monday, May 6th. The shares were sold at an average price of C$36.19, for a total transaction of C$505,347.27. In related news, Director Peter Alexander Conroy sold 13,965 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of C$36.19, for a total value of C$505,347.27. Also, Senior Officer Cheryl Graden sold 146,115 shares of the firm’s stock in a transaction on 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. Company insiders own 1.15% of the company’s stock.

TMX Group Company Profile

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.