TMX Group (TSE:X) PT Raised to C$41.00 at TD Securities

TMX Group (TSE:X) had its price objective raised by TD Securities from C$37.00 to C$41.00 in a report issued on Monday morning, BayStreet.CA reports. The firm currently has a hold rating on the stock.

Other research analysts also recently issued research reports about the company. National Bankshares upped their target price on TMX Group from C$37.00 to C$40.00 and gave the stock a sector perform rating in a report on Tuesday, April 30th. Barclays boosted their target price on shares of TMX Group from C$38.00 to C$40.00 in a report on Wednesday, July 10th. CIBC upped their price objective on shares of TMX Group from C$40.00 to C$43.00 in a report on Friday, July 19th. Royal Bank of Canada dropped their target price on TMX Group from C$40.00 to C$39.00 and set a sector perform rating on the stock in a report on Sunday, May 5th. Finally, BMO Capital Markets upped their price target on shares of TMX Group from C$42.00 to C$44.00 in a research note on Wednesday, July 10th. Six equities research 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, TMX Group currently has a consensus rating of Hold and an average price target of C$41.81.

TMX Group Stock Up 0.2 %

TMX Group stock opened at C$41.75 on Monday. The firm’s 50-day simple moving average is C$38.27 and its 200 day simple moving average is C$36.03. The stock has a market cap of C$11.57 billion, a PE ratio of 28.60, a price-to-earnings-growth ratio of 12.65 and a beta of 0.39. TMX Group has a fifty-two week low of C$28.32 and a fifty-two week high of C$42.19. The company has a debt-to-equity ratio of 54.91, a quick ratio of 0.01 and a current ratio of 1.00.

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

TMX Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were issued a $0.19 dividend. This is an increase from TMX Group’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.76 dividend on an annualized basis and a yield of 1.82%. TMX Group’s dividend payout ratio is presently 50.00%.

Insider Activity at TMX Group

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

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.