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

TMX Group Limited (TSE:X - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$41.72 and traded as high as C$44.53. TMX Group shares last traded at C$44.38, with a volume of 229,771 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on X. BMO Capital Markets increased their price objective on TMX Group from C$50.00 to C$62.00 in a report on Thursday, December 5th. Barclays increased their price target on TMX Group from C$45.00 to C$47.00 in a report on Monday, December 9th. 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 raised their target price on shares of 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. Finally, National Bankshares lifted their target price on shares of TMX Group from C$43.00 to C$44.00 and gave the stock a "sector perform" rating in a report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of C$46.94.

TMX Group Price Performance

The stock has a market cap of C$12.33 billion, a P/E ratio of 30.22, 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. The company's 50 day simple moving average is C$43.84 and its 200 day simple moving average is C$41.77.

TMX Group (TSE:X - Get Free Report) last posted 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. The business 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, equities analysts forecast that TMX Group Limited will post 1.7708421 earnings per share for the current year.

TMX Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 29th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date was Friday, November 15th. TMX Group's dividend payout ratio is 50.34%.

TMX Group Company Profile

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.