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

TMX Group Limited (TSE:X - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$42.79 and traded as high as C$44.62. TMX Group shares last traded at C$44.46, with a volume of 377,493 shares.

Analyst Ratings Changes

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

TMX Group Stock Up 0.4 %

The stock has a market capitalization of C$12.39 billion, a PE ratio of 30.35, 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 company's 50-day moving average is C$44.15 and its 200 day moving average is C$42.88.

TMX Group (TSE:X - Get Free Report) last issued its quarterly 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. The company had revenue of C$353.80 million during the quarter, compared to analysts' expectations 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 anticipate that TMX Group Limited will post 1.7708421 EPS for the current year.

TMX Group Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.76 dividend on an annualized basis and a yield of 1.70%. TMX Group's dividend payout ratio is presently 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.