TMX Group (TSE:X) Price Target Raised to C$43.50

TMX Group (TSE:X) had its price objective raised by Scotiabank from C$39.00 to C$43.50 in a research report report published on Wednesday, BayStreet.CA reports.

Several other research firms have also recently weighed in on X. National Bankshares boosted their price objective on shares of TMX Group from C$37.00 to C$40.00 and gave the stock a sector perform rating in a research report on Tuesday, April 30th. Canaccord Genuity Group set a C$44.00 price target on TMX Group and gave the company a buy rating in a research note on Friday, April 26th. Barclays lifted their price objective on TMX Group from C$38.00 to C$40.00 in a research report on Wednesday, July 10th. Royal Bank of Canada cut their target price on shares of TMX Group from C$40.00 to C$39.00 and set a sector perform rating on the stock in a research report on Sunday, May 5th. Finally, TD Securities lifted their price target on shares of TMX Group from C$37.00 to C$41.00 and gave the stock a hold rating in a research report on Monday, July 22nd. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of C$41.81.

TMX Group Stock Up 0.6 %

Shares of TSE X opened at C$42.00 on Wednesday. TMX Group has a 52-week low of C$28.32 and a 52-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. The business has a fifty day moving average of C$38.38 and a two-hundred day moving average of C$36.10. The stock has a market cap of C$11.64 billion, a PE ratio of 28.77, a PEG ratio of 12.65 and a beta of 0.39.

TMX Group (TSE:X) last posted its earnings results on Thursday, May 2nd. The company reported C$0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.37 by C$0.01. The company had revenue of C$345.90 million during the quarter, compared to analysts’ expectations of C$338.61 million. TMX Group had a net margin of 13.67% and a return on equity of 10.16%. As a group, equities research analysts expect that TMX Group will post 1.6098304 earnings per share for the current fiscal year.

TMX Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were paid a $0.19 dividend. This is an increase from TMX Group’s previous quarterly dividend of $0.18. The ex-dividend date was Thursday, May 16th. This represents a $0.76 annualized dividend and a dividend yield of 1.81%. TMX Group’s dividend payout ratio (DPR) is currently 50.00%.

Insider Buying and Selling

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