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

Shares of TMX Group Limited (TSE:X) have earned a consensus rating of “Hold” from the seven ratings firms that are covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$37.14.

Several research analysts have recently commented on X shares. BMO Capital Markets upgraded shares of TMX Group from a “market perform” rating to an “outperform” rating and increased their price target for the stock from C$36.00 to C$41.00 in a research note on Monday, March 25th. Royal Bank of Canada boosted their price target on 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. CIBC increased their price objective on TMX Group from C$34.00 to C$35.00 and gave the company a “neutral” rating in a report on Wednesday, February 7th. Barclays boosted their target price on TMX Group from C$35.00 to C$38.00 in a report on Monday, April 8th. Finally, National Bankshares increased their price target on TMX Group to C$37.00 and gave the company a “sector perform” rating in a report on Monday, February 5th.

Insider Buying and Selling

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

TMX Group Price Performance

X opened at C$36.09 on Thursday. The stock has a fifty day moving average price of C$35.19 and a 200 day moving average price of C$32.43. 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. The stock has a market cap of C$9.98 billion, a price-to-earnings ratio of 28.20, a PEG ratio of 12.65 and a beta of 0.39.

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, 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 business had revenue of C$301.50 million during the quarter, compared to analyst estimates of C$300.05 million. Analysts forecast that TMX Group will post 1.6194927 EPS for the current fiscal year.

TMX Group Dividend Announcement

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. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.72 annualized dividend and a dividend yield of 2.00%. TMX Group’s dividend payout ratio is 55.47%.

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.