TMX Group Limited (TSE:X) Stock Has Consensus Target Price of C$65.28 According to Brokerages

by · The Cerbat Gem

TMX Group Limited (TSE:X – Get Free Report) has earned an average recommendation of “Moderate Buy” from the nine research firms that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$65.28.

X has been the subject of a number of analyst reports. Barclays lifted their target price on shares of TMX Group from C$58.00 to C$59.00 in a research note on Thursday, July 9th. Royal Bank Of Canada boosted their target price on TMX Group from C$69.00 to C$71.00 and gave the stock an “outperform” rating in a research note on Monday, June 15th. National Bank Financial upgraded TMX Group from a “hold” rating to an “outperform” rating and lowered their target price for the stock from C$65.00 to C$63.00 in a research note on Monday, July 27th. Canaccord Genuity Group boosted their target price on TMX Group from C$63.00 to C$64.00 and gave the company a “buy” rating in a research note on Monday, June 15th. Finally, Raymond James Financial decreased their price objective on TMX Group from C$65.25 to C$64.50 and set a “strong-buy” rating on the stock in a research note on Friday, July 31st.

Read Our Latest Report on X

TMX Group Price Performance

X stock opened at C$54.03 on Tuesday. The stock has a market cap of C$14.88 billion, a price-to-earnings ratio of 24.90, a P/E/G ratio of 12.65 and a beta of -0.14. The company has a debt-to-equity ratio of 41.81, a current ratio of 2.76 and a quick ratio of 0.01. The company has a 50 day simple moving average of C$52.93 and a 200 day simple moving average of C$51.38. TMX Group has a 1 year low of C$44.10 and a 1 year high of C$57.27.

TMX Group (TSE:X – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported C$0.62 EPS for the quarter. TMX Group had a return on equity of 3.81% and a net margin of 32.55%.The company had revenue of C$487.50 million during the quarter. Research analysts anticipate that TMX Group will post 1.7708421 EPS for the current fiscal year.

TMX Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 28th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.9%. This is a boost from TMX Group’s previous quarterly dividend of $0.24. The ex-dividend date was Friday, August 14th. TMX Group’s dividend payout ratio (DPR) is presently 42.40%.

Insider Buying and Selling

In other TMX Group news, insider Cheryl Graden sold 17,000 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of C$54.14, for a total transaction of C$920,380.00. Insiders sold a total of 41,735 shares of company stock valued at $2,268,124 over the last quarter. 1.15% of the stock is owned by corporate insiders.

TMX Group Company Profile

(Get Free Report)

TMX Group operates global markets, and builds digital communities and analytic solutions that facilitate the funding, growth and success of businesses, traders and investors. TMX Group’s key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, TSX Trust, TMX Trayport, TMX Datalinx, TMX VettaFi and TMX Newsfile, which provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community.

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