TMX Group (TSE:X) Share Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Shares of TMX Group Limited (TSE:X - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$43.27 and traded as high as C$45.71. TMX Group shares last traded at C$45.38, with a volume of 163,795 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on X shares. TD Securities raised their target price on shares of TMX Group from C$44.00 to C$45.00 and gave the stock a "hold" rating in a report on Thursday. CIBC upped their price objective on TMX Group from C$43.00 to C$46.00 in a research report on Thursday, October 31st. Barclays upped their price target on shares of TMX Group from C$45.00 to C$47.00 in a report on Monday, December 9th. National Bankshares upped their price objective on shares of TMX Group from C$43.00 to C$44.00 and gave the stock a "sector perform" rating in a research note on Wednesday, October 30th. Finally, BMO Capital Markets lifted their price target on TMX Group from C$50.00 to C$62.00 in a report on Thursday, December 5th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, TMX Group has an average rating of "Hold" and an average price target of C$47.19.

TMX Group Stock Performance

The company has a market cap of C$12.76 billion, a price-to-earnings ratio of 31.27, a PEG ratio of 12.65 and a beta of 0.43. 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 firm has a 50 day simple moving average of C$44.34 and a 200-day simple moving average of C$43.27.

TMX Group (TSE:X - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported C$0.41 earnings per share for the quarter, beating 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 the consensus estimate of C$356.24 million. TMX Group had a return on equity of 10.08% and a net margin of 13.39%. As a group, analysts predict that TMX Group Limited will post 1.7708421 EPS for the current fiscal year.

TMX Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 29th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date was Friday, November 15th. TMX Group's dividend payout ratio is presently 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.