TMX Group (TSE:X) Sets New 52-Week High – Still a Buy?

Shares of TMX Group Limited (TSE:X) hit a new 52-week high during trading on Thursday . The company traded as high as C$52.27 and last traded at C$52.30, with a volume of 173158 shares. The stock had previously closed at C$51.10.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. TD Securities boosted their price objective on shares of TMX Group from C$44.00 to C$45.00 and gave the company a “hold” rating in a report on Thursday, January 30th. BMO Capital Markets increased their price target on TMX Group from C$50.00 to C$62.00 in a report on Thursday, December 5th. Finally, Barclays lifted their price objective on TMX Group from C$45.00 to C$47.00 in a report on Monday, December 9th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of C$47.19.

TMX Group Stock Performance

The company has a debt-to-equity ratio of 47.49, a quick ratio of 0.01 and a current ratio of 1.01. The stock has a market cap of C$14.51 billion, a P/E ratio of 30.11, a P/E/G ratio of 12.65 and a beta of 0.43. The business’s 50-day moving average price is C$48.79 and its 200-day moving average price is C$45.47.

TMX Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, March 7th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend was Friday, February 21st. This is a positive change from TMX Group’s previous quarterly dividend of $0.19. TMX Group’s payout ratio is currently 42.72%.

Insiders Place Their Bets

In related news, Senior Officer Jayakumar Rajarathinam sold 40,000 shares of TMX Group stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of C$49.49, for a total transaction of C$1,979,776.00. Company insiders own 1.15% of the company’s stock.

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.