TMX Group Limited (TSE:X) Receives Average Rating of “Hold” from Brokerages

TMX Group Limited (TSE:X) has received an average rating of “Hold” from the seven analysts that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$46.94.

A number of equities analysts have weighed in on X shares. BMO Capital Markets raised their target price on shares of TMX Group from C$50.00 to C$62.00 in a research note on Thursday, December 5th. TD Securities raised their price objective on TMX Group from C$42.00 to C$43.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Barclays boosted their target price on TMX Group from C$45.00 to C$47.00 in a report on Monday, December 9th. National Bankshares raised their price target on TMX Group from C$43.00 to C$44.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Finally, CIBC upped their price target on shares of TMX Group from C$43.00 to C$46.00 in a research note on Thursday, October 31st.

TMX Group Price Performance

X opened at C$44.36 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 51.71. The company has a market cap of C$12.31 billion, a price-to-earnings ratio of 30.18, a price-to-earnings-growth ratio of 12.65 and a beta of 0.43. The stock has a fifty day simple moving average of C$44.08 and a two-hundred day simple moving average of C$42.22. TMX Group has a 12-month low of C$31.15 and a 12-month high of C$45.92.

TMX Group (TSE:X) last issued its quarterly earnings results on Wednesday, October 30th. The company reported C$0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.40 by C$0.01. TMX Group had a net margin of 13.39% and a return on equity of 10.08%. The company had revenue of C$353.80 million during the quarter, compared to analyst estimates of C$356.24 million. Research analysts predict that TMX Group will post 1.7708421 earnings per share for the current fiscal year.

TMX Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 29th were issued a $0.19 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.76 annualized dividend and a yield of 1.71%. TMX Group’s payout ratio is 50.34%.

TMX Group Company Profile

TMX Group Ltd is a company that operates several global markets to provide investment opportunities for its clients. TMX Group’s key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, and Trayport, which provides listing markets, trading markets, clearing facilities, depository services, technology solutions, data products, and other services to the global financial community.