TMX Group (TSE:X) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

TMX Group Limited (TSE:X) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$42.24 and traded as high as C$44.54. TMX Group shares last traded at C$44.28, with a volume of 335,615 shares.

Wall Street Analysts Forecast Growth

X has been the subject of several research reports. BMO Capital Markets boosted their price objective on TMX Group from C$50.00 to C$62.00 in a research note on Thursday, December 5th. CIBC lifted their target price on TMX Group from C$43.00 to C$46.00 in a research report on Thursday, October 31st. Barclays lifted their price target on shares of TMX Group from C$45.00 to C$47.00 in a research report on Monday, December 9th. TD Securities upped 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 report on Monday, October 28th. Finally, National Bankshares boosted their target price 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. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, TMX Group presently has an average rating of “Hold” and an average price target of C$46.94.

TMX Group Stock Performance

The stock has a market cap of C$12.35 billion, a PE ratio of 30.27, a P/E/G ratio of 12.65 and a beta of 0.43. The firm’s 50-day moving average is C$44.12 and its 200 day moving average is C$42.34. The company has a debt-to-equity ratio of 51.71, a quick ratio of 0.01 and a current ratio of 1.00.

TMX Group (TSE:X) last released 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. TMX Group had a return on equity of 10.08% and a net margin of 13.39%. The business had revenue of C$353.80 million for the quarter, compared to analyst estimates of C$356.24 million. As a group, research analysts anticipate that TMX Group Limited will post 1.7708421 EPS for the current year.

TMX Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 29th were paid a dividend of $0.19 per share. The ex-dividend date 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 (DPR) is presently 50.34%.

TMX Group Company Profile

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.