TMX Group Limited (TSE:X) Receives Consensus Rating of “Buy” from Brokerages

TMX Group Limited (TSE:X) has been given a consensus recommendation of “Hold” by the seven analysts that are presently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$155.00.

A number of research firms recently commented on X. TD Securities increased their price target on TMX Group from C$155.00 to C$160.00 and gave the company a “buy” rating in a research report on Friday, August 6th. Deutsche Bank Aktiengesellschaft upped their price objective on TMX Group to C$162.00 in a research note on Wednesday, August 11th. Royal Bank of Canada upped their price objective on TMX Group from C$158.00 to C$159.00 and gave the company a “sector perform” rating in a research note on Thursday, August 5th. National Bankshares upped their price objective on TMX Group from C$148.00 to C$152.00 and gave the company a “sector perform” rating in a research note on Thursday, August 5th. Finally, CIBC upped their price objective on TMX Group from C$140.00 to C$145.00 and gave the company a “neutral” rating in a research note on Thursday, August 5th.

TMX Group stock traded down C$1.43 during mid-day trading on Monday, reaching C$136.13. The stock had a trading volume of 81,848 shares, compared to its average volume of 113,832. The firm has a market capitalization of C$7.66 billion and a PE ratio of 24.49. TMX Group has a fifty-two week low of C$120.13 and a fifty-two week high of C$145.69. The stock’s 50-day simple moving average is C$137.18 and its 200-day simple moving average is C$134.23. The company has a debt-to-equity ratio of 29.92, a quick ratio of 0.02 and a current ratio of 1.01.

TMX Group (TSE:X) last issued its earnings results on Wednesday, August 4th. The company reported C$1.90 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.69 by C$0.21. The firm had revenue of C$245.00 million for the quarter, compared to analyst estimates of C$239.99 million. On average, research analysts forecast that TMX Group will post 7.1399994 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 3rd. Shareholders of record on Friday, September 3rd were issued a $0.77 dividend. The ex-dividend date was Thursday, August 19th. This represents a $3.08 annualized dividend and a dividend yield of 2.26%. TMX Group’s payout ratio is currently 51.64%.

About TMX Group

TMX Group Limited operates exchanges, markets, and clearinghouses primarily for capital markets in Canada and internationally. The company operates through four segments: Global Solutions, Insights & Analytics; Capital Formation; Derivatives Trading and Clearing; and Equities and Fixed Income Trading & Clearing.

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Analyst Recommendations for TMX Group (TSE:X)

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