TMX Group (TSE:X) Shares Pass Above 200-Day Moving Average of $32.45

Shares of TMX Group Limited (TSE:X) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$32.45 and traded as high as C$36.25. TMX Group shares last traded at C$36.04, with a volume of 233,876 shares.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on X shares. TD Securities raised their price objective on TMX Group from C$34.00 to C$35.00 and gave the company a “hold” rating in a report on Wednesday, February 7th. National Bankshares raised their price objective on TMX Group to C$37.00 and gave the company a “sector perform” rating in a report on Monday, February 5th. Canaccord Genuity Group set a C$44.00 price objective on TMX Group and gave the company a “buy” rating in a report on Friday. Barclays raised their price objective on TMX Group from C$35.00 to C$38.00 in a report on Monday, April 8th. Finally, BMO Capital Markets upgraded shares of TMX Group from a “market perform” rating to an “outperform” rating and raised their target price for the company from C$36.00 to C$41.00 in a research note on Monday, March 25th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of C$38.38.

TMX Group Trading Up 0.9 %

The company has a debt-to-equity ratio of 26.67, a current ratio of 1.00 and a quick ratio of 0.01. The business’s 50-day moving average price is C$35.25 and its two-hundred day moving average price is C$32.48. The company has a market capitalization of C$10.06 billion, a price-to-earnings ratio of 28.42, a P/E/G ratio of 12.65 and a beta of 0.39.

TMX Group (TSE:X) last announced its quarterly earnings data on Monday, February 5th. The company reported C$0.37 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.37. The business had revenue of C$301.50 million for 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%. Research analysts predict that TMX Group Limited will post 1.6194927 earnings per share for the current year.

TMX Group Announces Dividend

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

Insiders Place Their Bets

In other news, Senior Officer Luc Fortin sold 15,140 shares of TMX Group stock in a transaction on Friday, March 1st. The shares were sold at an average price of C$35.32, for a total transaction of C$534,744.80. In related news, Senior Officer Luc Fortin sold 15,140 shares of the business’s stock in a transaction 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. Also, Senior Officer Jayakumar Rajarathinam sold 95,750 shares of the business’s 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. Insiders own 5.57% of the company’s stock.

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.