TMX Group (TSE:X) Share Price Crosses Above 200 Day Moving Average - Time to Sell?

TMX Group Limited (TSE:X - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$42.59 and traded as high as C$44.17. TMX Group shares last traded at C$43.84, with a volume of 280,162 shares changing hands.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Barclays increased their price objective on TMX Group from C$45.00 to C$47.00 in a report on Monday, December 9th. BMO Capital Markets increased their price target on shares of TMX Group from C$50.00 to C$62.00 in a report on Thursday, December 5th. CIBC boosted their price objective on shares of TMX Group from C$43.00 to C$46.00 in a research note on Thursday, October 31st. TD Securities increased their target price on shares of TMX Group from C$42.00 to C$43.00 and gave the stock a "hold" rating in a research note on Monday, October 28th. Finally, National Bankshares raised their price target 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. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of C$46.94.

TMX Group Stock Performance

The company has a debt-to-equity ratio of 51.71, a quick ratio of 0.01 and a current ratio of 1.00. The stock has a market cap of C$12.19 billion, a PE ratio of 29.86, a PEG ratio of 12.65 and a beta of 0.43. The company's 50-day moving average price is C$44.20 and its two-hundred day moving average price is C$42.64.

TMX Group (TSE:X - Get Free Report) last released 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. TMX Group had a return on equity of 10.08% and a net margin of 13.39%. The business had revenue of C$353.80 million for the quarter, compared to the consensus estimate of C$356.24 million. On average, equities research analysts forecast that TMX Group Limited will post 1.7708421 EPS for the current year.

TMX Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 29th were paid a $0.19 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.73%. TMX Group's dividend payout ratio (DPR) 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.