TMX Group (TSE:X) PT Raised to C$38.00

TMX Group (TSE:X) had its price objective boosted by Royal Bank of Canada from C$36.00 to C$38.00 in a research note published on Monday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.

Other research analysts have also issued reports about the stock. BMO Capital Markets upgraded shares of TMX Group from a market perform rating to an outperform rating and lifted their price objective for the company from C$36.00 to C$41.00 in a research note on Monday, March 25th. Canaccord Genuity Group set a C$44.00 target price on shares of TMX Group and gave the stock a buy rating in a research report on Friday, April 26th. National Bankshares upped their price target on shares of TMX Group to C$37.00 and gave the company a sector perform rating in a report on Monday, February 5th. TD Securities upped their price target on shares of TMX Group from C$34.00 to C$35.00 and gave the company a hold rating in a report on Wednesday, February 7th. Finally, Barclays upped their price objective on shares of TMX Group from C$35.00 to C$38.00 in a research note on Monday, April 8th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of Hold and an average target price of C$39.13.

TMX Group Price Performance

TMX Group stock opened at C$36.51 on Monday. TMX Group has a 12-month low of C$27.69 and a 12-month high of C$37.01. The stock has a market cap of C$10.10 billion, a P/E ratio of 28.52, a price-to-earnings-growth 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. The company has a fifty day simple moving average of C$35.42 and a 200-day simple moving average of C$32.67.

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

TMX Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, March 8th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend was Thursday, February 22nd. TMX Group’s payout ratio is currently 55.47%.

Insider Transactions at TMX Group

In other news, Senior Officer Jayakumar Rajarathinam sold 95,750 shares of the 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. In other news, Senior Officer Jayakumar Rajarathinam sold 95,750 shares of the firm’s 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. Also, Senior Officer Luc Fortin sold 15,140 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of C$35.32, for a total transaction of C$534,744.80. Company insiders own 5.57% 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.