TMX Group Limited (TSE:X) Receives C$46.94 Consensus Target Price from Analysts

Shares of TMX Group Limited (TSE:X) have been given a consensus rating of “Hold” by the seven analysts that are presently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$46.94.

X has been the subject of a number of recent analyst reports. BMO Capital Markets boosted their price target on shares of TMX Group from C$50.00 to C$62.00 in a research report on Thursday, December 5th. TD Securities boosted their target price on 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. National Bankshares raised their price target on TMX Group from C$43.00 to C$44.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. CIBC boosted their price objective on TMX Group from C$43.00 to C$46.00 in a report on Thursday, October 31st. Finally, Barclays raised their target price on shares of TMX Group from C$45.00 to C$47.00 in a research note on Monday, December 9th.

TMX Group Trading Down 0.3 %

Shares of TMX Group stock opened at C$44.36 on Tuesday. The stock has a market capitalization of C$12.31 billion, a P/E ratio of 30.18, a P/E/G ratio of 12.65 and a beta of 0.43. TMX Group has a 52-week low of C$31.15 and a 52-week high of C$45.92. 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 stock’s 50-day simple moving average is C$44.08 and its 200 day simple moving average is C$42.22.

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

TMX Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 29th were given a $0.19 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.71%. TMX Group’s dividend payout ratio is currently 50.34%.

About TMX Group

TMX Group Ltd is a company that operates several global markets to provide investment opportunities for its clients. TMX Group’s key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, and Trayport, which provides listing markets, trading markets, clearing facilities, depository services, technology solutions, data products, and other services to the global financial community.