Canaccord Genuity Group Analysts Give TMX Group (TSE:X) a C$44.00 Price Target

Canaccord Genuity Group set a C$44.00 price target on TMX Group (TSE:X) in a research note published on Friday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other equities research analysts also recently weighed in on the stock. CIBC raised their target price on shares of TMX Group from C$35.00 to C$38.00 in a research note on Friday. BMO Capital Markets upgraded shares of TMX Group from a market perform rating to an outperform rating and raised their target price for the company from C$36.00 to C$41.00 in a research note on Monday, March 25th. Royal Bank of Canada lifted their price objective on shares of TMX Group from C$34.00 to C$36.00 and gave the stock a sector perform rating in a research note on Tuesday, February 6th. Scotiabank lifted their price objective on shares of TMX Group from C$36.00 to C$38.00 and gave the stock a sector perform rating in a research note on Wednesday, February 7th. Finally, National Bankshares lifted their price objective on shares of TMX Group to C$37.00 and gave the stock a sector perform rating in a research note on Monday, February 5th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Hold and an average price target of C$38.38.

TMX Group Price Performance

Shares of X opened at C$36.38 on Friday. The company has a market cap of C$10.06 billion, a price-to-earnings ratio of 28.42, a price-to-earnings-growth ratio of 12.65 and a beta of 0.39. TMX Group has a twelve month low of C$27.13 and a twelve month high of C$37.01. The company has a quick ratio of 0.01, a current ratio of 1.00 and a debt-to-equity ratio of 26.67. The company has a 50 day moving average of C$35.29 and a two-hundred day moving average of C$32.56.

TMX Group (TSE:X) last announced its earnings results on Monday, February 5th. The company reported C$0.37 earnings per share for the quarter, meeting the consensus estimate of C$0.37. The company had revenue of C$301.50 million during the quarter, compared to the consensus estimate of C$300.05 million. TMX Group had a net margin of 12.28% and a return on equity of 9.10%. As a group, analysts predict that TMX Group will post 1.6194927 earnings per share for the current fiscal year.

TMX Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, March 8th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.72 annualized dividend and a dividend yield of 1.98%. TMX Group’s dividend payout ratio (DPR) is presently 55.47%.

Insider Buying and Selling

In related news, Senior Officer Jayakumar Rajarathinam sold 95,750 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of C$33.78, for a total transaction of C$3,234,636.08. In related news, Senior Officer Luc Fortin sold 15,140 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of C$35.32, for a total transaction of C$534,744.80. Also, Senior Officer Jayakumar Rajarathinam sold 95,750 shares of TMX Group stock in a transaction on Thursday, February 8th. The shares were sold at an average price of C$33.78, for a total transaction of C$3,234,636.08. 5.57% of the stock is currently owned by corporate insiders.

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.