Analysts Set TMX Group Limited (TSE:X) PT at C$46.94

TMX Group Limited (TSE:X) has earned an average rating of “Hold” from the seven brokerages that are currently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$46.94.

Several brokerages have issued reports on X. TD Securities increased their target price on TMX Group from C$42.00 to C$43.00 and gave the company a “hold” rating in a research report on Monday, October 28th. National Bankshares raised their price objective on TMX Group from C$43.00 to C$44.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. Barclays raised their price target on shares of TMX Group from C$45.00 to C$47.00 in a report on Monday, December 9th. BMO Capital Markets raised their price target on shares of TMX Group from C$50.00 to C$62.00 in a report on Thursday, December 5th. Finally, CIBC raised their target price on shares of TMX Group from C$43.00 to C$46.00 in a research note on Thursday, October 31st.

TMX Group Stock Down 0.1 %

Shares of X opened at C$46.00 on Friday. The firm has a market capitalization of C$12.77 billion, a P/E ratio of 31.29, a P/E/G ratio of 12.65 and a beta of 0.43. TMX Group has a 12-month low of C$33.19 and a 12-month high of C$46.31. 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 has a fifty day moving average price of C$44.22 and a 200-day moving average price of C$43.13.

TMX Group (TSE:X) last announced its quarterly 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. TMX Group had a return on equity of 10.08% and a net margin of 13.39%. The firm had revenue of C$353.80 million during the quarter, compared to analyst estimates of C$356.24 million. Equities research analysts expect that TMX Group will post 1.7708421 earnings per share for the current year.

TMX Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 29th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.65%. The ex-dividend date was Friday, November 15th. TMX Group’s payout ratio is presently 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.