TMX Group (TSE:X) Hits New 1-Year High – Time to Buy?

TMX Group Limited (TSE:X) reached a new 52-week high during trading on Friday . The stock traded as high as C$52.91 and last traded at C$52.61, with a volume of 74476 shares traded. The stock had previously closed at C$52.20.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on X. BMO Capital Markets lifted their price objective on TMX Group from C$50.00 to C$62.00 in a research report on Thursday, December 5th. Barclays upped 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, TD Securities raised 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 research report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, TMX Group has a consensus rating of “Hold” and a consensus price target of C$47.19.

TMX Group Price Performance

The firm has a market capitalization of C$14.60 billion, a P/E ratio of 30.31, a price-to-earnings-growth ratio of 12.65 and a beta of 0.43. The company has a current ratio of 1.01, a quick ratio of 0.01 and a debt-to-equity ratio of 47.49. The firm has a 50 day moving average price of C$49.48 and a 200-day moving average price of C$45.72.

TMX Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, March 7th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $0.80 annualized dividend and a yield of 1.52%. This is an increase from TMX Group’s previous quarterly dividend of $0.19. TMX Group’s dividend payout ratio (DPR) is presently 42.72%.

Insider Buying and Selling at TMX Group

In related news, Senior Officer Jayakumar Rajarathinam sold 40,000 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of C$49.49, for a total value of C$1,979,776.00. 1.15% of the stock is currently owned by corporate insiders.

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.