TD Securities Increases TMX Group (TSE:X) Price Target to C$37.00

TMX Group (TSE:X) had its price objective lifted by equities researchers at TD Securities from C$35.00 to C$37.00 in a note issued to investors on Monday, BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD Securities’ price objective indicates a potential upside of 0.38% from the company’s current price.

A number of other analysts have also recently commented on the stock. Canaccord Genuity Group set a C$44.00 price target on shares of TMX Group and gave the company a “buy” rating in a research report on Friday, April 26th. Royal Bank of Canada decreased their price objective on shares of TMX Group from C$40.00 to C$39.00 and set a “sector perform” rating for the company in a research note on Sunday. BMO Capital Markets upgraded shares of TMX Group from a “market perform” rating to an “outperform” rating and increased their price objective for the company from C$36.00 to C$41.00 in a research note on Monday, March 25th. Scotiabank increased their price objective on shares of TMX Group from C$38.00 to C$39.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 30th. Finally, Barclays raised their price target on shares of TMX Group from C$35.00 to C$38.00 in a research note on Monday, April 8th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, TMX Group presently has an average rating of “Hold” and an average target price of C$39.88.

TMX Group Trading Down 0.4 %

Shares of X stock opened at C$36.86 on Monday. TMX Group has a 1 year low of C$28.23 and a 1 year high of C$37.59. The stock has a market cap of C$10.20 billion, a P/E ratio of 28.80, a price-to-earnings-growth ratio of 12.65 and a beta of 0.39. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 26.67. The stock has a 50 day simple moving average of C$35.62 and a 200 day simple moving average of C$32.88.

TMX Group (TSE:X) last announced its quarterly earnings results on Thursday, May 2nd. The company reported C$0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.37 by C$0.01. The company had revenue of C$345.90 million during the quarter, compared to the consensus estimate of C$338.61 million. TMX Group had a net margin of 12.28% and a return on equity of 9.10%. On average, research analysts predict that TMX Group will post 1.6194927 earnings per share for the current fiscal year.

Insider Transactions at TMX Group

In other news, Senior Officer Jayakumar Rajarathinam sold 95,750 shares of the business’s stock in a transaction that occurred 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 other TMX Group news, Senior Officer Luc Fortin sold 15,140 shares of the company’s stock in a transaction that occurred 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 the company’s stock in a transaction that occurred 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. Insiders own 5.57% 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.