TMX Group (TSE:X) Stock Crosses Above 200 Day Moving Average – Should You Sell?

TMX Group Limited (TSE:X) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$39.59 and traded as high as C$43.82. TMX Group shares last traded at C$43.65, with a volume of 253,531 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on X. Scotiabank upped their target price on shares of TMX Group from C$39.00 to C$43.50 in a report on Wednesday, July 24th. Royal Bank of Canada lifted their target price on TMX Group from C$44.00 to C$46.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. National Bankshares upped their price target on TMX Group from C$40.00 to C$43.00 and gave the stock a “sector perform” rating in a research report on Monday, July 29th. TD Securities lifted their price objective on TMX Group from C$41.00 to C$42.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Finally, CIBC increased their target price on shares of TMX Group from C$40.00 to C$43.00 in a report on Friday, July 19th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of C$43.69.

TMX Group Stock Up 0.1 %

The company has a debt-to-equity ratio of 51.71, a quick ratio of 0.01 and a current ratio of 1.00. The stock has a market cap of C$12.13 billion, a price-to-earnings ratio of 29.72, a PEG ratio of 12.65 and a beta of 0.43. The business’s 50 day moving average is C$42.80 and its 200-day moving average is C$39.65.

TMX Group (TSE:X) last issued its earnings results on Wednesday, July 31st. The company reported C$0.43 EPS for the quarter, meeting analysts’ consensus estimates of C$0.43. The business had revenue of C$367.10 million during the quarter, compared to analysts’ expectations of C$361.44 million. TMX Group had a net margin of 13.39% and a return on equity of 10.08%. On average, sell-side analysts predict that TMX Group Limited will post 1.7708421 EPS for the current fiscal year.

TMX Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 30th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend was Friday, August 16th. TMX Group’s payout ratio is 50.34%.

Insider Activity

In other news, Senior Officer Jayakumar Rajarathinam sold 38,125 shares of TMX Group stock in a transaction on Thursday, August 8th. The stock was sold at an average price of C$41.44, for a total value of C$1,579,766.56. In related news, Senior Officer Jayakumar Rajarathinam sold 38,125 shares of TMX Group stock in a transaction on Thursday, August 8th. The stock was sold at an average price of C$41.44, for a total value of C$1,579,766.56. Also, Director Elias Anastasopoulos sold 20,850 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of C$42.50, for a total value of C$886,125.00. Insiders own 1.15% of the company’s stock.

About TMX Group

TMX Group Limited operates exchanges, markets, and clearinghouses primarily for capital markets in Canada, the United States, the United Kingdom, Germany, and internationally. It operates through four segments: Global Solutions, Insights & Analytics; Capital Formation; Derivatives Trading & Clearing; and Equities and Fixed Income Trading & Clearing.