TMX Group (TSE:X) Given New C$50.00 Price Target at BMO Capital Markets

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

Other research analysts have also issued research reports about the stock. National Bankshares raised 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 lifted their target price on shares of TMX Group from C$42.00 to C$43.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Scotiabank increased their price target on TMX Group from C$39.00 to C$43.50 in a research note on Wednesday, July 24th. CIBC lifted their price objective on TMX Group from C$43.00 to C$46.00 in a research note on Thursday. Finally, Barclays increased their target price on TMX Group from C$40.00 to C$42.00 in a research note on Friday, August 2nd. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$44.81.

TMX Group Price Performance

Shares of TSE X traded up C$0.03 during midday trading on Friday, reaching C$43.52. 299,224 shares of the company traded hands, compared to its average volume of 355,310. TMX Group has a 12 month low of C$28.52 and a 12 month high of C$45.92. The company has a debt-to-equity ratio of 51.71, a quick ratio of 0.01 and a current ratio of 1.00. The stock’s 50-day simple moving average is C$43.06 and its 200-day simple moving average is C$40.10. The firm has a market cap of C$12.08 billion, a PE ratio of 29.61, a PEG ratio of 12.65 and a beta of 0.43.

TMX Group (TSE:X) last posted its quarterly earnings data on Wednesday, October 30th. The company reported C$0.41 earnings per share for the quarter, topping the consensus estimate of C$0.40 by C$0.01. The company 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%. As a group, equities analysts anticipate that TMX Group will post 1.7708421 earnings per share for the current fiscal year.

TMX Group Dividend Announcement

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

Insider Buying and Selling at TMX Group

In other TMX Group news, Director Elias Anastasopoulos sold 20,850 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of C$42.50, for a total transaction of C$886,125.00. In other news, Director Elias Anastasopoulos sold 20,850 shares of the stock in a transaction dated 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 TMX Group stock in a transaction dated 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. Corporate 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.