TMX Group (TSE:X) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

TMX Group (TSE:X - Free Report) had its price objective upped by BMO Capital Markets from C$46.00 to C$50.00 in a research note published on Friday, BayStreet.CA reports.

A number of other research analysts have also commented on X. Barclays upped their price objective on shares of TMX Group from C$40.00 to C$42.00 in a research report on Friday, August 2nd. CIBC upped their target price on shares of TMX Group from C$43.00 to C$46.00 in a research note on Thursday. National Bankshares upped their target price on shares of TMX Group from C$43.00 to C$44.00 and gave the company a "sector perform" rating in a research note on Wednesday. TD Securities upped 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. Finally, Scotiabank upped their target price on shares of TMX Group from C$39.00 to C$43.50 in a research note on Wednesday, July 24th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of C$44.81.

TMX Group Stock Up 0.1 %

Shares of X stock traded up C$0.03 on Friday, hitting C$43.52. The company's stock had a trading volume of 299,224 shares, compared to its average volume of 355,310. 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 has a fifty-two week low of C$28.52 and a fifty-two week high of C$45.92. The firm's fifty day moving average price is C$43.06 and its 200-day moving average price is C$40.10. The stock has a market capitalization of C$12.08 billion, a price-to-earnings ratio of 29.61, a P/E/G ratio of 12.65 and a beta of 0.43.

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, topping analysts' consensus estimates of C$0.40 by C$0.01. The firm had revenue of C$353.80 million during the quarter, compared to analyst estimates of C$356.24 million. TMX Group had a net margin of 13.39% and a return on equity of 10.08%. Research analysts anticipate that TMX Group will post 1.7708421 EPS for the current year.

TMX Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a $0.19 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.76 annualized dividend and a yield of 1.75%. TMX Group's dividend payout ratio is currently 50.34%.

Insiders Place Their Bets

In other TMX Group news, Director Elias Anastasopoulos sold 20,850 shares of the 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. In other news, Director Elias Anastasopoulos sold 20,850 shares of the 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. Also, Senior Officer Jayakumar Rajarathinam sold 38,125 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of C$41.44, for a total transaction of C$1,579,766.56. Company 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.