TMX Group (TSE:X) Price Target Raised to C$43.00

TMX Group (TSE:X) had its target price boosted by TD Securities from C$42.00 to C$43.00 in a research report sent to investors on Monday morning, BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

Several other brokerages also recently issued reports on X. BMO Capital Markets raised their price target on TMX Group from C$44.00 to C$46.00 in a research report on Thursday, October 10th. Scotiabank increased their target price on shares of TMX Group from C$39.00 to C$43.50 in a research note on Wednesday, July 24th. National Bankshares increased their target price on shares of 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 increased their target price on shares of TMX Group from C$40.00 to C$43.00 in a research note on Friday, July 19th. Finally, Barclays increased their target price on shares of TMX Group from C$40.00 to C$42.00 in a research note on Friday, August 2nd. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of C$43.94.

TMX Group Trading Up 0.1 %

TMX Group stock opened at C$43.90 on Monday. The company has a debt-to-equity ratio of 51.71, a current ratio of 1.00 and a quick ratio of 0.01. The company has a market capitalization of C$12.19 billion, a price-to-earnings ratio of 29.86, a PEG ratio of 12.65 and a beta of 0.43. TMX Group has a one year low of C$28.52 and a one year high of C$44.28. The company’s fifty day moving average price is C$43.01 and its two-hundred day moving average price is C$40.00.

TMX Group (TSE:X) last issued its quarterly earnings results on Wednesday, July 31st. The company reported C$0.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.43. The company had revenue of C$367.10 million for the quarter, compared to the consensus estimate of C$361.44 million. TMX Group had a return on equity of 10.08% and a net margin of 13.39%. On average, analysts forecast that TMX Group will post 1.7708421 earnings per share for the current fiscal year.

TMX Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 30th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date was Friday, August 16th. TMX Group’s dividend payout ratio is currently 50.34%.

Insider Activity at TMX Group

In related news, Director Elias Anastasopoulos sold 20,850 shares of the firm’s stock in a transaction that occurred 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. In other TMX Group news, Director Elias Anastasopoulos sold 20,850 shares of TMX Group 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 TMX Group 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. 1.15% of the stock is currently owned by company 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.