TMX Group Limited (TSE:X) Receives C$44.81 Average Price Target from Brokerages

TMX Group Limited (TSE:X - Get Free Report) has been assigned an average rating of "Hold" from the seven ratings firms that are covering the company, MarketBeat reports. Four equities research 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 brokers that have covered the stock in the last year is C$44.81.

A number of equities analysts have recently commented on the stock. BMO Capital Markets increased their price target on shares of TMX Group from C$46.00 to C$50.00 in a report on Friday, November 1st. Royal Bank of Canada increased their target price on shares of TMX Group from C$44.00 to C$46.00 and gave the company an "outperform" rating in a report on Thursday, August 1st. National Bankshares increased their target price on shares of TMX Group from C$43.00 to C$44.00 and gave the company a "sector perform" rating in a report on Wednesday, October 30th. CIBC increased their target price on shares of TMX Group from C$43.00 to C$46.00 in a report on Thursday, October 31st. Finally, Barclays increased their target price on shares of TMX Group from C$40.00 to C$42.00 in a report on Friday, August 2nd.

TMX Group Trading Down 0.3 %

X stock traded down C$0.13 during midday trading on Friday, hitting C$44.27. The stock had a trading volume of 320,273 shares, compared to its average volume of 359,662. The firm has a market cap of C$12.29 billion, a P/E ratio of 30.20, a price-to-earnings-growth ratio of 12.65 and a beta of 0.43. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 51.71. TMX Group has a 1-year low of C$28.52 and a 1-year high of C$45.92. The business has a fifty day moving average price of C$43.53 and a two-hundred day moving average price of C$41.13.

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 (EPS) for the quarter, topping analysts' consensus estimates of C$0.40 by C$0.01. TMX Group had a net margin of 13.39% and a return on equity of 10.08%. The business had revenue of C$353.80 million during the quarter, compared to the consensus estimate of C$356.24 million. On average, sell-side analysts predict that TMX Group will post 1.7708421 earnings per share for the current fiscal year.

TMX Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 29th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.76 annualized dividend and a yield of 1.72%. TMX Group's dividend payout ratio (DPR) is 50.34%.

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.