TD Securities Raises TMX Group (TSE:X) Price Target to C$43.00

TMX Group (TSE:X - Free Report) had its target price upped by TD Securities from C$42.00 to C$43.00 in a research note issued to investors on Monday, BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

Several other equities research analysts also recently weighed in on the company. National Bankshares upped their price target on TMX Group from C$40.00 to C$43.00 and gave the stock a "sector perform" rating in a report on Monday, July 29th. Scotiabank upped their price target on TMX Group from C$39.00 to C$43.50 in a report on Wednesday, July 24th. Royal Bank of Canada upped their price target on TMX Group from C$44.00 to C$46.00 and gave the stock an "outperform" rating in a report on Thursday, August 1st. CIBC increased their price objective on TMX Group from C$40.00 to C$43.00 in a report on Friday, July 19th. Finally, BMO Capital Markets boosted their target price on TMX Group from C$44.00 to C$46.00 in a research note on Thursday, October 10th. Five 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 a consensus rating of "Hold" and a consensus target price of C$43.81.

TMX Group Trading Up 1.1 %

X traded up C$0.46 during mid-day trading on Monday, hitting C$43.31. 276,163 shares of the stock were exchanged, compared to its average volume of 355,163. The firm's fifty day moving average is C$42.94 and its two-hundred day moving average is C$39.90. TMX Group has a 1-year low of C$28.52 and a 1-year high of C$44.28. 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 has a market cap of C$12.02 billion, a PE ratio of 29.46, a PEG ratio of 12.65 and a beta of 0.43.

TMX Group (TSE:X - Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The company reported C$0.43 earnings per share for the quarter, hitting the consensus estimate of C$0.43. TMX Group had a return on equity of 10.08% and a net margin of 13.39%. The company had revenue of C$367.10 million for the quarter, compared to the consensus estimate of C$361.44 million. Equities analysts forecast that TMX Group will post 1.7708421 earnings per share for the current fiscal year.

TMX Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 30th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.75%. The ex-dividend date was Friday, August 16th. TMX Group's payout ratio is currently 50.34%.

Insider Transactions at TMX Group

In other news, Senior Officer Jayakumar Rajarathinam sold 38,125 shares of the firm's stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of C$41.44, for a total transaction of C$1,579,766.56. In other news, Senior Officer Jayakumar Rajarathinam sold 38,125 shares of the firm's stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of C$41.44, for a total transaction of C$1,579,766.56. Also, 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 transaction of C$886,125.00. Insiders own 1.15% of the company's stock.

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.