TMX Group (TSE:X) Stock Passes Above 200-Day Moving Average - Here's What Happened

Shares of TMX Group Limited (TSE:X - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$40.77 and traded as high as C$43.81. TMX Group shares last traded at C$43.47, with a volume of 335,186 shares.

Analysts Set New Price Targets

X has been the subject of a number of recent research reports. Royal Bank of Canada raised 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. Scotiabank boosted their target price on shares of TMX Group from C$39.00 to C$43.50 in a report on Wednesday, July 24th. TD Securities raised their price objective on TMX Group from C$42.00 to C$43.00 and gave the company a "hold" rating in a research note on Monday, October 28th. BMO Capital Markets increased their price target on TMX Group from C$46.00 to C$50.00 in a report on Friday, November 1st. Finally, National Bankshares boosted their price objective on shares of TMX Group from C$43.00 to C$44.00 and gave the company a "sector perform" rating in a research report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of C$44.81.

TMX Group Trading Up 0.7 %

The company's fifty day moving average price is C$43.48 and its 200-day moving average price is C$40.83. The stock has a market cap of C$12.15 billion, a price-to-earnings ratio of 29.78, a P/E/G 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.

TMX Group (TSE:X - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported C$0.41 EPS for the quarter, topping 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 firm had revenue of C$353.80 million during the quarter, compared to the consensus estimate of C$356.24 million. On average, research analysts expect that TMX Group Limited will post 1.7708421 EPS for the current fiscal year.

TMX Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 29th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend is Friday, November 15th. TMX Group's payout ratio is presently 50.34%.

Insider Buying and Selling at TMX Group

In related news, Director Elias Anastasopoulos sold 20,850 shares of TMX Group stock in a transaction on Thursday, August 29th. The shares were sold at an average price of C$42.50, for a total value of C$886,125.00. 1.15% of the stock is owned by corporate insiders.

About TMX Group

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.