TMX Group (TSE:X) PT Raised to C$43.00

TMX Group (TSE:X) had its price target lifted by National Bankshares from C$40.00 to C$43.00 in a report released on Monday, BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

A number of other analysts have also issued reports on the company. Scotiabank lifted their price target on TMX Group from C$39.00 to C$43.50 in a research note on Wednesday, July 24th. Royal Bank of Canada lowered their price objective on TMX Group from C$40.00 to C$39.00 and set a sector perform rating on the stock in a research note on Sunday, May 5th. TD Securities boosted their price objective on TMX Group from C$37.00 to C$41.00 and gave the stock a hold rating in a research note on Monday, July 22nd. Canaccord Genuity Group set a C$44.00 price objective on TMX Group and gave the stock a buy rating in a research note on Friday, April 26th. Finally, CIBC boosted their price objective on TMX Group from C$40.00 to C$43.00 in a research note on Friday, July 19th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of C$43.19.

TMX Group Trading Down 1.4 %

TMX Group stock opened at C$41.38 on Monday. The stock has a 50-day moving average of C$38.68 and a two-hundred day moving average of C$36.34. The company has a debt-to-equity ratio of 54.91, a quick ratio of 0.01 and a current ratio of 1.00. TMX Group has a one year low of C$28.32 and a one year high of C$42.50. The stock has a market cap of C$11.47 billion, a PE ratio of 28.34, a price-to-earnings-growth ratio of 12.65 and a beta of 0.39.

TMX Group (TSE:X) last announced its quarterly earnings data on Thursday, May 2nd. The company reported C$0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.37 by C$0.01. The firm had revenue of C$345.90 million during the quarter, compared to analysts’ expectations of C$338.61 million. TMX Group had a return on equity of 10.16% and a net margin of 13.67%. On average, research analysts anticipate that TMX Group will post 1.6098304 EPS for the current fiscal year.

TMX Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 30th will be given a dividend of $0.19 per share. The ex-dividend date is Friday, August 16th. This represents a $0.76 dividend on an annualized basis and a yield of 1.84%. TMX Group’s payout ratio is 50.00%.

Insiders Place Their Bets

In other news, Senior Officer Cheryl Graden sold 146,115 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of C$35.96, for a total value of C$5,254,295.40. In other news, Senior Officer Cheryl Graden sold 146,115 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of C$35.96, for a total value of C$5,254,295.40. Also, Director Peter Alexander Conroy sold 13,965 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of C$36.19, for a total value of C$505,347.27. 1.15% of the stock is owned by insiders.

TMX Group Company Profile

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.