TMX Group (TSE:X) Price Target Raised to C$46.00

TMX Group (TSE:X) had its price objective increased by BMO Capital Markets from C$44.00 to C$46.00 in a report issued on Thursday, BayStreet.CA reports.

A number of other equities research analysts also recently weighed in on the stock. TD Securities lifted their price target on shares of TMX Group from C$41.00 to C$42.00 and gave the stock a hold rating in a research note on Thursday, August 1st. Barclays boosted their price target on TMX Group from C$40.00 to C$42.00 in a research note on Friday, August 2nd. National Bankshares boosted their price target on TMX Group from C$40.00 to C$43.00 and gave the company a sector perform rating in a research note on Monday, July 29th. CIBC raised their target price on TMX Group from C$40.00 to C$43.00 in a research note on Friday, July 19th. Finally, Scotiabank lifted their price objective on TMX Group from C$39.00 to C$43.50 in a research report on Wednesday, July 24th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and an average price target of C$43.69.

TMX Group Stock Performance

TSE:X opened at C$42.46 on Thursday. TMX Group has a 1-year low of C$28.52 and a 1-year high of C$44.28. The company’s 50-day moving average is C$42.60 and its two-hundred day moving average is C$39.42. The firm has a market capitalization 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 debt-to-equity ratio of 51.71, a current ratio of 1.00 and a quick ratio of 0.01.

TMX Group (TSE:X) last released its earnings results 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 analysts’ expectations of C$361.44 million. TMX Group had a net margin of 13.39% and a return on equity of 10.08%. Analysts forecast 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. Stockholders of record on Friday, August 30th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend was Friday, August 16th. TMX Group’s dividend payout ratio (DPR) is presently 50.34%.

Insider Activity

In related news, Director Elias Anastasopoulos sold 20,850 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of C$42.50, for a total transaction of C$886,125.00. In related news, Director Elias Anastasopoulos sold 20,850 shares of the stock in a transaction on Thursday, August 29th. The shares were 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 stock was sold at an average price of C$41.44, for a total transaction of C$1,579,766.56. Corporate 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.