TMX Group (TSE:X) Price Target Raised to C$43.00

TMX Group (TSE:X) had its target price hoisted by CIBC from C$40.00 to C$43.00 in a research note released on Friday morning, BayStreet.CA reports.

A number of other equities analysts also recently weighed in on X. National Bankshares lifted their target price on shares of 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. 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 note on Friday, April 26th. Royal Bank of Canada lowered their target price on shares of TMX Group from C$40.00 to C$39.00 and set a sector perform rating for the company in a research note on Sunday, May 5th. BMO Capital Markets lifted their price target on shares of TMX Group from C$42.00 to C$44.00 in a research note on Wednesday, July 10th. Finally, TD Securities lifted their price target on shares of TMX Group from C$35.00 to C$37.00 and gave the company a hold rating in a research note on Monday, May 6th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Hold and an average target price of C$40.75.

TMX Group Stock Up 0.1 %

Shares of X opened at C$41.40 on Friday. TMX Group has a 12 month low of C$28.32 and a 12 month high of C$41.71. The firm’s 50 day moving average is C$37.83 and its 200-day moving average is C$35.80. The stock has a market capitalization of C$11.47 billion, a PE ratio of 28.36, a P/E/G 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 54.91.

TMX Group (TSE:X) last posted its quarterly earnings results on Thursday, May 2nd. The company reported C$0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.37 by C$0.01. TMX Group had a net margin of 13.67% and a return on equity of 10.16%. The business had revenue of C$345.90 million for the quarter, compared to analyst estimates of C$338.61 million. Equities research analysts forecast that TMX Group will post 1.6098304 EPS for the current year.

TMX Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 17th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.84%. This is a boost from TMX Group’s previous quarterly dividend of $0.18. The ex-dividend date was Thursday, May 16th. TMX Group’s dividend payout ratio is presently 50.00%.

Insider Buying and Selling

In other TMX Group news, Senior Officer Cheryl Graden sold 146,115 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of C$35.96, for a total value of C$5,254,295.40. In related news, Senior Officer Cheryl Graden sold 146,115 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of C$35.96, for a total transaction of C$5,254,295.40. Also, Director Peter Alexander Conroy sold 13,965 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of C$36.19, for a total value of C$505,347.27. 1.15% of the stock is owned by insiders.

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.