BMO Capital Markets Raises TMX Group (TSE:X) Price Target to C$42.00

TMX Group (TSE:X) had its price objective upped by analysts at BMO Capital Markets from C$41.00 to C$42.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. BMO Capital Markets’ target price indicates a potential upside of 13.61% from the stock’s previous close.

Several other research firms have also recently commented on X. Royal Bank of Canada reduced their target price on TMX Group from C$40.00 to C$39.00 and set a “sector perform” rating for the company in a research report on Sunday. TD Securities lifted their price target on TMX Group from C$35.00 to C$37.00 and gave the stock a “hold” rating in a research note on Monday. Barclays lifted their price target on TMX Group from C$35.00 to C$38.00 in a research note on Monday, April 8th. National Bankshares lifted their price target on TMX Group from C$37.00 to C$40.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 30th. Finally, Canaccord Genuity Group set a C$44.00 price target on TMX Group and gave the stock a “buy” rating in a research note on Friday, April 26th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$39.88.

TMX Group Price Performance

Shares of TSE:X traded down C$0.24 during trading on Monday, reaching C$36.97. 305,713 shares of the company traded hands, compared to its average volume of 349,430. The company has a quick ratio of 0.01, a current ratio of 1.00 and a debt-to-equity ratio of 26.67. TMX Group has a 52 week low of C$28.23 and a 52 week high of C$37.59. The firm has a market capitalization of C$10.23 billion, a PE ratio of 28.70, a PEG ratio of 12.65 and a beta of 0.39. The company’s 50 day moving average is C$35.51 and its two-hundred day moving average is C$32.78.

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

Insider Transactions at TMX Group

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