TMX Group Limited (TSE:X) Receives C$43.44 Consensus PT from Analysts

TMX Group Limited (TSE:X) has been given an average rating of “Hold” by the eight analysts that are covering the stock, Marketbeat.com reports. Five 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 analysts that have updated their coverage on the stock in the last year is C$43.44.

X has been the subject of several recent research reports. TD Securities upped their price objective on TMX Group from C$41.00 to C$42.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Scotiabank upped their price target on TMX Group from C$39.00 to C$43.50 in a research report on Wednesday, July 24th. Royal Bank of Canada lifted their price objective on shares of TMX Group from C$44.00 to C$46.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. CIBC increased their target price on shares of TMX Group from C$40.00 to C$43.00 in a report on Friday, July 19th. Finally, BMO Capital Markets lifted their price target on shares of TMX Group from C$42.00 to C$44.00 in a research note on Wednesday, July 10th.

TMX Group Stock Performance

Shares of X stock opened at C$43.43 on Friday. 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 52 week low of C$28.32 and a 52 week high of C$44.28. The company’s 50 day moving average price is C$42.22 and its two-hundred day moving average price is C$38.53. The company has a market capitalization of C$12.06 billion, a P/E ratio of 29.54, a price-to-earnings-growth ratio of 12.65 and a beta of 0.43.

TMX Group (TSE:X) last issued its quarterly earnings data on Wednesday, July 31st. The company reported C$0.43 EPS for the quarter, hitting analysts’ consensus estimates of C$0.43. The business had revenue of C$367.10 million for the quarter, compared to analyst estimates of C$361.44 million. TMX Group had a net margin of 13.39% and a return on equity of 10.08%. On average, analysts expect that TMX Group will post 1.7915137 earnings per share for the current fiscal year.

TMX Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 30th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.75%. The ex-dividend date was Friday, August 16th. TMX Group’s dividend payout ratio (DPR) is currently 50.34%.

Insider Activity

In other TMX Group news, Director Elias Anastasopoulos sold 20,850 shares of the business’s stock in a transaction that occurred 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. In other TMX Group news, Director Elias Anastasopoulos sold 20,850 shares of the firm’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 company’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. 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.