BMO Capital Markets Increases TMX Group (TSE:X) Price Target to C$46.00

TMX Group (TSE:X) had its target price upped by BMO Capital Markets from C$44.00 to C$46.00 in a report published on Thursday, BayStreet.CA reports.

A number of other analysts have also recently commented on the company. TD Securities lifted their price target on TMX Group from C$41.00 to C$42.00 and gave the stock a hold rating in a research report on Thursday, August 1st. Royal Bank of Canada boosted their price target on shares of TMX Group from C$44.00 to C$46.00 and gave the stock an outperform rating in a report on Thursday, August 1st. Barclays lifted their price target on TMX Group from C$40.00 to C$42.00 in a research note on Friday, August 2nd. Scotiabank increased their price objective on shares of TMX Group from C$39.00 to C$43.50 in a report on Wednesday, July 24th. Finally, CIBC boosted their price target on shares of TMX Group from C$40.00 to C$43.00 in a research report on Friday, July 19th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Hold and an average price target of C$43.69.

TMX Group Price Performance

X stock opened at C$42.46 on Thursday. TMX Group has a 12 month low of C$28.52 and a 12 month high of C$44.28. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 51.71. The company has a 50-day moving average price of C$42.60 and a 200 day moving average price of C$39.44. The stock has a market cap of C$11.79 billion, a PE ratio of 28.88, a P/E/G ratio of 12.65 and a beta of 0.43.

TMX Group (TSE:X) last released its quarterly earnings results on Wednesday, July 31st. The company reported C$0.43 EPS for the quarter, hitting analysts’ consensus estimates of C$0.43. TMX Group had a net margin of 13.39% and a return on equity of 10.08%. The firm had revenue of C$367.10 million during the quarter, compared to analysts’ expectations of C$361.44 million. Equities research analysts anticipate that TMX Group will post 1.7708421 earnings per share for the current year.

TMX Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 30th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.79%. The ex-dividend date was Friday, August 16th. TMX Group’s payout ratio is 50.34%.

Insider Transactions at TMX Group

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 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 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. Also, Senior Officer Jayakumar Rajarathinam sold 38,125 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of C$41.44, for a total value 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.