TMX Group Limited (TSE:X) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of TMX Group Limited (TSE:X) have been assigned an average rating of “Moderate Buy” from the nine brokerages that are covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$60.67.

Several research firms recently weighed in on X. Canaccord Genuity Group cut their price target on shares of TMX Group from C$64.00 to C$61.00 and set a “buy” rating on the stock in a research note on Monday. Barclays lowered their target price on TMX Group from C$59.00 to C$52.00 and set an “equal weight” rating on the stock in a research note on Monday. Scotiabank set a C$70.00 target price on shares of TMX Group and gave the stock a “sector perform” rating in a research note on Friday, October 24th. Royal Bank Of Canada cut their target price on TMX Group from C$67.00 to C$64.00 and set an “outperform” rating for the company in a research note on Monday. Finally, TD Securities upgraded TMX Group from a “hold” rating to a “buy” rating and lifted their price target for the company from C$58.00 to C$60.00 in a research note on Wednesday, October 29th.

TMX Group Stock Performance

X traded up C$0.72 on Monday, reaching C$46.14. 462,758 shares of the stock were exchanged, compared to its average volume of 632,846. The company has a debt-to-equity ratio of 47.49, a current ratio of 1.01 and a quick ratio of 0.01. TMX Group has a fifty-two week low of C$44.82 and a fifty-two week high of C$57.98. The firm has a market capitalization of C$12.84 billion, a PE ratio of 27.96, a PEG ratio of 12.65 and a beta of -0.20. The company’s 50-day moving average price is C$50.96 and its 200 day moving average price is C$52.47.

TMX Group (TSE:X) last released its quarterly earnings data on Thursday, February 5th. The company reported C$0.60 earnings per share for the quarter. The company had revenue of C$457.80 million during the quarter. TMX Group had a net margin of 25.80% and a return on equity of 3.37%. As a group, sell-side analysts forecast that TMX Group will post 1.7708421 EPS for the current fiscal year.

TMX Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 28th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Friday, November 14th. TMX Group’s payout ratio is presently 49.09%.

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.