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

TMX Group Limited (TSE:X) has been assigned a consensus rating of “Hold” from the eight research firms that are covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$43.69.

Several research firms recently commented on X. BMO Capital Markets boosted their target price on TMX Group from C$44.00 to C$46.00 in a research note on Thursday, October 10th. Royal Bank of Canada upped their target price on shares of TMX Group from C$44.00 to C$46.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Barclays lifted their price target on shares of TMX Group from C$40.00 to C$42.00 in a research note on Friday, August 2nd. National Bankshares raised their price objective on shares of TMX Group from C$40.00 to C$43.00 and gave the company a “sector perform” rating in a report on Monday, July 29th. Finally, TD Securities boosted their target price 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.

Insider Buying and Selling at TMX Group

In related news, Director Elias Anastasopoulos sold 20,850 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of C$42.50, for a total value of C$886,125.00. In related news, Senior Officer Jayakumar Rajarathinam sold 38,125 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of C$41.44, for a total value of C$1,579,766.56. Also, Director Elias Anastasopoulos sold 20,850 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of C$42.50, for a total value of C$886,125.00. 1.15% of the stock is currently owned by company insiders.

TMX Group Price Performance

TMX Group stock opened at C$42.46 on Thursday. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 51.71. The stock has a market cap of C$11.79 billion, a P/E ratio of 28.88, a PEG ratio of 12.65 and a beta of 0.43. The company has a 50-day moving average price of C$42.63 and a 200 day moving average price of C$39.49. TMX Group has a 12-month low of C$28.52 and a 12-month high of C$44.28.

TMX Group (TSE:X) last released its quarterly earnings results on Wednesday, July 31st. The company reported C$0.43 earnings per share for the quarter, hitting analysts’ consensus estimates of C$0.43. TMX Group had a return on equity of 10.08% and a net margin of 13.39%. The business had revenue of C$367.10 million during the quarter, compared to analysts’ expectations of C$361.44 million. Sell-side analysts anticipate that TMX Group will post 1.7708421 earnings per share for the current year.

TMX Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 30th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend was Friday, August 16th. TMX Group’s payout ratio is 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.