TMX Group Limited (TSE:X) Given Consensus Rating of “Hold” by Analysts

Shares of TMX Group Limited (TSE:X) have earned a consensus recommendation of “Hold” from the seven ratings firms that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$46.94.

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

TMX Group Stock Up 1.1 %

Shares of TSE X opened at C$45.76 on Friday. 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 business has a 50-day moving average of C$44.16 and a 200-day moving average of C$43.03. The firm has a market capitalization of C$12.70 billion, a price-to-earnings ratio of 31.13, a PEG 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$45.92.

TMX Group (TSE:X) last released its quarterly earnings results on Wednesday, October 30th. The company reported C$0.41 EPS for the quarter, topping analysts’ consensus estimates of C$0.40 by C$0.01. The business had revenue of C$353.80 million during 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%. Sell-side analysts expect that TMX Group will post 1.7708421 earnings per share for the current fiscal year.

TMX Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 29th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend was Friday, November 15th. TMX Group’s payout ratio is 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.