Analysts Set TMX Group Limited (TSE:X) Target Price at C$44.81

TMX Group Limited (TSE:X - Get Free Report) has received an average rating of "Hold" from the seven analysts that are currently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$44.81.

Several analysts have commented on X shares. Scotiabank lifted their price objective on shares of TMX Group from C$39.00 to C$43.50 in a research report on Wednesday, July 24th. TD Securities lifted their price objective on shares of TMX Group from C$42.00 to C$43.00 and gave the stock a "hold" rating in a research report on Monday, October 28th. Barclays lifted 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 lifted their price objective on shares of TMX Group from C$43.00 to C$46.00 in a research report on Thursday. Finally, BMO Capital Markets lifted their price objective on shares of TMX Group from C$46.00 to C$50.00 in a research report on Friday.

TMX Group Stock Up 0.5 %

Shares of TSE X traded up C$0.22 during mid-day trading on Monday, reaching C$43.74. 444,489 shares of the company's stock traded hands, compared to its average volume of 355,729. The stock has a market cap of C$12.14 billion, a P/E ratio of 29.64, a PEG ratio of 12.65 and a beta of 0.43. The business has a 50-day simple moving average of C$43.06 and a 200 day simple moving average of C$40.10. TMX Group has a 1-year low of C$28.52 and a 1-year high of C$45.92. 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 quarterly earnings results on Wednesday, October 30th. The company reported C$0.41 earnings per share for the quarter, beating analysts' consensus estimates of C$0.40 by C$0.01. TMX Group had a net margin of 13.39% and a return on equity of 10.08%. The company had revenue of C$353.80 million for the quarter, compared to analyst estimates of C$356.24 million. On average, analysts expect that TMX Group will post 1.7708421 EPS for the current fiscal year.

TMX Group Announces Dividend

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 paid a $0.19 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.76 dividend on an annualized basis and a yield of 1.74%. TMX Group's dividend payout ratio is presently 50.34%.

Insiders Place Their Bets

In other news, Director Elias Anastasopoulos sold 20,850 shares of the business's stock in a transaction that occurred 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 business's stock in a transaction that occurred 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. Also, Senior Officer Jayakumar Rajarathinam sold 38,125 shares of the company's stock in a transaction 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. Corporate insiders own 1.15% of the company's stock.

TMX Group Company Profile

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.