TMX Group Limited (TSE:X) Receives Average Rating of "Hold" from Analysts

Shares of TMX Group Limited (TSE:X - Get Free Report) have received an average rating of "Hold" from the seven analysts that are presently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is C$46.94.

Several analysts recently weighed in on X shares. Barclays lifted their target price on shares of TMX Group from C$45.00 to C$47.00 in a report on Monday, December 9th. TD Securities boosted their price objective on TMX Group from C$42.00 to C$43.00 and gave the company a "hold" rating in a report on Monday, October 28th. CIBC increased their target price on TMX Group from C$43.00 to C$46.00 in a research note on Thursday, October 31st. BMO Capital Markets lifted their target price on TMX Group from C$50.00 to C$62.00 in a research report on Thursday, December 5th. Finally, National Bankshares increased their price target on shares of TMX Group from C$43.00 to C$44.00 and gave the stock a "sector perform" rating in a research report on Wednesday, October 30th.

TMX Group Trading Up 0.4 %

Shares of X traded up C$0.16 during mid-day trading on Friday, reaching C$44.62. The stock had a trading volume of 285,573 shares, compared to its average volume of 276,949. TMX Group has a 52-week low of C$31.92 and a 52-week high of C$45.92. The firm has a market cap of C$12.39 billion, a price-to-earnings ratio of 30.35, a P/E/G ratio of 12.65 and a beta of 0.43. The business's fifty day moving average is C$44.15 and its 200 day moving average is C$42.92. The company has a debt-to-equity ratio of 51.71, a current ratio of 1.00 and a quick ratio of 0.01.

TMX Group (TSE:X - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported C$0.41 earnings per share for the quarter, topping the consensus estimate of C$0.40 by C$0.01. The company had revenue of C$353.80 million during the quarter, compared to analyst estimates of C$356.24 million. TMX Group had a return on equity of 10.08% and a net margin of 13.39%. On average, sell-side analysts predict that TMX Group will post 1.7708421 EPS for the current fiscal year.

TMX Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 29th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.70%. The ex-dividend date was Friday, November 15th. TMX Group's payout ratio is 50.34%.

TMX Group Company Profile

TMX Group Ltd is a company that operates several global markets to provide investment opportunities for its clients. TMX Group's key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, and Trayport, which provides listing markets, trading markets, clearing facilities, depository services, technology solutions, data products, and other services to the global financial community.