TMX Group (TSE:X) Reaches New 1-Year High – Still a Buy?

TMX Group Limited (TSE:X) shares reached a new 52-week high on Wednesday . The company traded as high as C$45.68 and last traded at C$45.62, with a volume of 79652 shares trading hands. The stock had previously closed at C$45.25.

Wall Street Analyst Weigh In

Several brokerages have weighed in on X. Barclays raised their price objective on shares of TMX Group from C$45.00 to C$47.00 in a report on Monday, December 9th. TD Securities raised 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. National Bankshares raised 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. CIBC raised their price objective on shares of TMX Group from C$43.00 to C$46.00 in a report on Thursday, October 31st. Finally, BMO Capital Markets raised their price objective on shares of TMX Group from C$50.00 to C$62.00 in a report on Thursday, December 5th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, TMX Group currently has an average rating of “Hold” and an average target price of C$46.94.

TMX Group Price Performance

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’s fifty day moving average is C$44.22 and its 200 day moving average is C$43.13. 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 (TSE:X) last released its 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. TMX Group had a net margin of 13.39% and a return on equity of 10.08%. The business had revenue of C$353.80 million for the quarter, compared to the consensus estimate of C$356.24 million. As a group, analysts forecast that TMX Group Limited will post 1.7708421 EPS for the current year.

TMX Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 29th were issued 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 1.65%. TMX Group’s dividend payout ratio is currently 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.