TMX Group Limited (TSE:X) Receives Consensus Recommendation of “Hold” from Analysts

Shares of TMX Group Limited (TSE:XGet Free Report) have earned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$39.88.

A number of equities research analysts have recently issued reports on X shares. TD Securities upped their target price on shares of TMX Group from C$35.00 to C$37.00 and gave the company a “hold” rating in a report on Monday, May 6th. CIBC upped their target price on shares of TMX Group from C$38.00 to C$40.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Barclays upped their target price on shares of TMX Group from C$35.00 to C$38.00 in a report on Monday, April 8th. Scotiabank upped their target price on shares of TMX Group from C$38.00 to C$39.00 and gave the company a “sector perform” rating in a report on Tuesday, April 30th. Finally, Royal Bank of Canada lowered their price target on shares of TMX Group from C$40.00 to C$39.00 and set a “sector perform” rating on the stock in a report on Sunday, May 5th.

Get Our Latest Analysis on TMX Group

TMX Group Trading Up 1.6 %

TMX Group stock opened at C$37.83 on Friday. The company has a debt-to-equity ratio of 54.91, a current ratio of 1.00 and a quick ratio of 0.01. The firm has a 50-day moving average of C$36.41 and a 200-day moving average of C$33.93. The company has a market cap of C$10.48 billion, a price-to-earnings ratio of 25.91, a P/E/G ratio of 12.65 and a beta of 0.39. TMX Group has a one year low of C$28.32 and a one year high of C$38.03.

TMX Group (TSE:XGet Free Report) last issued its earnings results on Thursday, May 2nd. The company reported C$0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.37 by C$0.01. The company had revenue of C$345.90 million for the quarter, compared to analysts’ expectations of C$338.61 million. TMX Group had a net margin of 13.67% and a return on equity of 10.16%. On average, equities analysts expect that TMX Group will post 1.6098304 earnings per share for the current fiscal year.

TMX Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were issued a $0.19 dividend. This is a boost from TMX Group’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend was Thursday, May 16th. TMX Group’s dividend payout ratio is currently 50.00%.

Insider Transactions at TMX Group

In other news, Senior Officer Cheryl Graden sold 146,115 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of C$35.96, for a total transaction of C$5,254,295.40. In other news, Director Peter Alexander Conroy sold 13,965 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of C$36.19, for a total transaction of C$505,347.27. Also, Senior Officer Cheryl Graden sold 146,115 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of C$35.96, for a total transaction of C$5,254,295.40. Insiders own 1.15% of the company’s stock.

TMX Group Company Profile

(Get Free Report

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.

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Analyst Recommendations for TMX Group (TSE:X)

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