Analysts Set TMX Group Limited (TSE:X) Price Target at C$37.14

Shares of TMX Group Limited (TSE:X) have received an average recommendation of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$37.14.

Several equities research analysts recently commented on the stock. TD Securities lifted their target price on shares of TMX Group from C$34.00 to C$35.00 and gave the stock a “hold” rating in a research report on Wednesday, February 7th. Barclays upped their target price on TMX Group from C$35.00 to C$38.00 in a research report on Monday, April 8th. Scotiabank boosted their price target on TMX Group from C$36.00 to C$38.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 7th. Royal Bank of Canada raised their price objective on shares of TMX Group from C$34.00 to C$36.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 6th. Finally, BMO Capital Markets raised shares of TMX Group from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from C$36.00 to C$41.00 in a research report on Monday, March 25th.

TMX Group Stock Performance

TSE X opened at C$36.41 on Thursday. The firm’s 50 day simple moving average is C$35.15 and its 200 day simple moving average is C$32.38. The firm has a market capitalization of C$10.07 billion, a price-to-earnings ratio of 28.45, a P/E/G ratio of 12.65 and a beta of 0.39. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 26.67. TMX Group has a 1 year low of C$27.11 and a 1 year high of C$37.01.

TMX Group (TSE:X) last issued its quarterly earnings results on Monday, February 5th. The company reported C$0.37 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.37. TMX Group had a return on equity of 9.10% and a net margin of 12.28%. The company had revenue of C$301.50 million for the quarter, compared to analyst estimates of C$300.05 million. As a group, research analysts expect that TMX Group will post 1.6194927 earnings per share for the current fiscal year.

TMX Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, March 8th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.72 annualized dividend and a dividend yield of 1.98%. TMX Group’s payout ratio is 55.47%.

Insider Buying and Selling

In other news, Senior Officer Jayakumar Rajarathinam sold 95,750 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of C$33.78, for a total value of C$3,234,636.08. In related news, Senior Officer Luc Fortin sold 15,140 shares of TMX Group stock in a transaction on Friday, March 1st. The stock was sold at an average price of C$35.32, for a total transaction of C$534,744.80. Also, Senior Officer Jayakumar Rajarathinam sold 95,750 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of C$33.78, for a total value of C$3,234,636.08. 5.57% of the stock is currently owned by corporate insiders.

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.