TMX Group (TSE:X) Reaches New 1-Year High - Time to Buy?

TMX Group Limited (TSE:X - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$45.68 and last traded at C$45.62, with a volume of 79652 shares changing hands. The stock had previously closed at C$45.25.

Wall Street Analyst Weigh In

X has been the topic of several research analyst reports. CIBC raised their price objective on shares of TMX Group from C$43.00 to C$46.00 in a research note on Thursday, October 31st. Barclays boosted their price objective on shares of TMX Group from C$45.00 to C$47.00 in a report on Monday, December 9th. 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 research note on Wednesday, October 30th. BMO Capital Markets boosted their price target on TMX Group from C$50.00 to C$62.00 in a research note on Thursday, December 5th. Finally, TD Securities raised their price objective on TMX Group from C$42.00 to C$43.00 and gave the stock a "hold" rating in a research report on Monday, October 28th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, TMX Group presently has a consensus rating of "Hold" and a consensus target price of C$46.94.

TMX Group Stock Up 1.1 %

The company has a market cap of C$12.70 billion, a price-to-earnings ratio of 31.13, 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. The firm's fifty day moving average price is C$44.16 and its 200-day moving average price is C$42.98.

TMX Group (TSE:X - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The company reported C$0.41 earnings per share for the quarter, beating analysts' consensus estimates of C$0.40 by C$0.01. The firm had revenue of C$353.80 million for the quarter, compared to analyst estimates of C$356.24 million. TMX Group had a net margin of 13.39% and a return on equity of 10.08%. Sell-side analysts predict that TMX Group Limited will post 1.7708421 earnings per share for the current year.

TMX Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 29th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend was Friday, November 15th. TMX Group's payout ratio is 50.34%.

About TMX Group

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.

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