TMX Group (TSE:X) Share Price Passes Above 200 Day Moving Average – Time to Sell?

TMX Group Limited (TSE:X) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$40.77 and traded as high as C$43.81. TMX Group shares last traded at C$43.47, with a volume of 335,186 shares changing hands.

Analyst Upgrades and Downgrades

X has been the topic of a number of research reports. BMO Capital Markets raised their target price on shares of TMX Group from C$46.00 to C$50.00 in a research report on Friday, November 1st. CIBC lifted their price objective on shares of TMX Group from C$43.00 to C$46.00 in a research report on Thursday, October 31st. Scotiabank lifted their price objective on shares of TMX Group from C$39.00 to C$43.50 in a research report on Wednesday, July 24th. TD Securities lifted their price objective on shares of TMX Group from C$42.00 to C$43.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Finally, Royal Bank of Canada lifted their price objective on shares of TMX Group from C$44.00 to C$46.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, TMX Group presently has a consensus rating of “Hold” and a consensus target price of C$44.81.

TMX Group Stock Performance

The company has a market cap of C$12.22 billion, a PE ratio of 29.95, a P/E/G ratio of 12.65 and a beta of 0.43. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 51.71. The firm’s 50-day simple moving average is C$43.49 and its two-hundred day simple moving average is C$40.88.

TMX Group (TSE:X) last announced its quarterly earnings data on Wednesday, October 30th. The company reported C$0.41 EPS for the quarter, beating the consensus estimate of C$0.40 by C$0.01. TMX Group had a net margin of 13.39% and a return on equity of 10.08%. The business had revenue of C$353.80 million during the quarter, compared to analysts’ expectations of C$356.24 million. As a group, research analysts anticipate that TMX Group Limited will post 1.7708421 earnings per share for the current fiscal year.

TMX Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Friday, November 15th. TMX Group’s payout ratio is 50.34%.

Insider Buying and Selling at TMX Group

In related news, Director Elias Anastasopoulos sold 20,850 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of C$42.50, for a total value of C$886,125.00. Company insiders own 1.15% 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.