TMX Group (TSE:X) Price Target Raised to C$65.00

by · The Markets Daily

TMX Group (TSE:X – Free Report) had its price objective raised by Canaccord Genuity Group from C$64.00 to C$65.00 in a research report report published on Wednesday,BayStreet reports. The brokerage currently has a buy rating on the stock.

Other research analysts also recently issued reports about the stock. Raymond James Financial dropped their target price on shares of TMX Group from C$65.25 to C$64.50 and set a “strong-buy” rating on the stock in a research report on Friday, July 31st. National Bank Financial upgraded shares of TMX Group from a “hold” rating to an “outperform” rating and reduced their price target for the company from C$65.00 to C$63.00 in a research report on Monday, July 27th. Finally, Barclays upped their price target on shares of TMX Group from C$58.00 to C$59.00 in a research report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$65.55.

Get Our Latest Analysis on TMX Group

TMX Group Trading Down 0.3%

Shares of X opened at C$54.13 on Wednesday. The business’s 50-day moving average price is C$53.39 and its 200 day moving average price is C$51.84. The stock has a market capitalization of C$14.91 billion, a P/E ratio of 24.94, a P/E/G ratio of 12.65 and a beta of -0.17. TMX Group has a 1-year low of C$44.10 and a 1-year high of C$57.27. The company has a current ratio of 2.76, a quick ratio of 0.01 and a debt-to-equity ratio of 41.81.

TMX Group (TSE:X – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported C$0.62 earnings per share (EPS) for the quarter. TMX Group had a return on equity of 3.81% and a net margin of 32.55%. The firm had revenue of C$487.50 million for the quarter. Analysts expect that TMX Group will post 1.77 earnings per share for the current year.

TMX Group Increases Dividend

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

Insider Buying and Selling

In other TMX Group news, insider Cheryl Graden sold 8,885 shares of TMX Group stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of C$54.41, for a total transaction of C$483,432.85. Following the transaction, the insider owned 32,845 shares of the company’s stock, valued at C$1,787,096.45. The trade was a 21.29% decrease in their position. In the last three months, insiders sold 41,735 shares of company stock worth $2,268,124. Company insiders own 1.15% of the company’s stock.

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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