TMX Group (TSE:X) Sets New 52-Week High at $44.28

TMX Group Limited (TSE:X)’s share price hit a new 52-week high on Monday . The company traded as high as C$44.28 and last traded at C$44.12, with a volume of 2329 shares traded. The stock had previously closed at C$43.91.

Wall Street Analyst Weigh In

A number of analysts have weighed in on X shares. Scotiabank boosted their target price on shares of TMX Group from C$39.00 to C$43.50 in a research note on Wednesday, July 24th. National Bankshares upped their target price on TMX Group from C$40.00 to C$43.00 and gave the stock a “sector perform” rating in a report on Monday, July 29th. Royal Bank of Canada lifted their price target on TMX Group from C$44.00 to C$46.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. BMO Capital Markets upped their price objective on TMX Group from C$42.00 to C$44.00 in a research note on Wednesday, July 10th. Finally, CIBC increased their price target on TMX Group from C$40.00 to C$43.00 in a report on Friday, July 19th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of C$43.44.

TMX Group Trading Down 0.4 %

The company has a debt-to-equity ratio of 51.71, a quick ratio of 0.01 and a current ratio of 1.00. The firm has a market capitalization of C$12.14 billion, a P/E ratio of 29.87, a PEG ratio of 12.65 and a beta of 0.43. The firm has a 50 day simple moving average of C$41.86 and a two-hundred day simple moving average of C$38.28.

TMX Group (TSE:X) last posted its quarterly earnings data on Wednesday, July 31st. The company reported C$0.43 EPS for the quarter, meeting the consensus estimate of C$0.43. The firm had revenue of C$367.10 million during the quarter, compared to analyst estimates of C$361.44 million. TMX Group had a net margin of 13.39% and a return on equity of 10.08%. Equities research analysts forecast that TMX Group Limited will post 1.7915137 earnings per share for the current year.

TMX Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 30th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date was Friday, August 16th. TMX Group’s dividend payout ratio is currently 50.34%.

Insider Buying and Selling at TMX Group

In other news, Director Elias Anastasopoulos sold 20,850 shares of TMX Group stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of C$42.50, for a total value of C$886,125.00. In other news, Director Elias Anastasopoulos sold 20,850 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of C$42.50, for a total value of C$886,125.00. Also, Senior Officer Jayakumar Rajarathinam sold 38,125 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of C$41.44, for a total value of C$1,579,766.56. 1.15% of the stock is owned by corporate 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.