TMX Group (TSE:X) Given New C$43.00 Price Target at TD Securities

TMX Group (TSE:X) had its price target raised by stock analysts at TD Securities from C$42.00 to C$43.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD Securities’ target price indicates a potential downside of 0.46% from the company’s current price.

Several other equities research analysts have also issued reports on the company. Scotiabank raised their price objective on TMX Group from C$39.00 to C$43.50 in a research note on Wednesday, July 24th. National Bankshares lifted their target price on TMX Group from C$40.00 to C$43.00 and gave the company a “sector perform” rating in a research report on Monday, July 29th. Barclays lifted their target price on TMX Group from C$40.00 to C$42.00 in a research report on Friday, August 2nd. Royal Bank of Canada lifted their price target on TMX Group from C$44.00 to C$46.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Finally, CIBC boosted their target price on TMX Group from C$40.00 to C$43.00 in a research note 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 MarketBeat.com, TMX Group currently has an average rating of “Hold” and a consensus target price of C$43.81.

TMX Group Stock Up 0.8 %

X stock traded up C$0.35 during midday trading on Monday, hitting C$43.20. The stock had a trading volume of 125,726 shares, compared to its average volume of 354,392. The firm has a market cap of C$11.99 billion, a price-to-earnings ratio of 29.42, a price-to-earnings-growth ratio of 12.65 and a beta of 0.43. The business has a 50-day moving average of C$42.92 and a two-hundred day moving average of C$39.85. TMX Group has a 52-week low of C$28.52 and a 52-week high of C$44.28. 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) last announced its quarterly earnings results on Wednesday, July 31st. The company reported C$0.43 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.43. TMX Group had a return on equity of 10.08% and a net margin of 13.39%. The firm had revenue of C$367.10 million for the quarter, compared to the consensus estimate of C$361.44 million. As a group, equities research analysts forecast that TMX Group will post 1.7708421 earnings per share for the current fiscal year.

Insider Buying and Selling

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 related 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 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 stock was sold at an average price of C$41.44, for a total value of C$1,579,766.56. 1.15% of the stock is currently owned by insiders.

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.