TMX Group (TSE:X) Sets New 12-Month Low – Time to Sell?

TMX Group Limited (TSE:X) shares hit a new 52-week low during trading on Thursday . The stock traded as low as C$44.79 and last traded at C$44.80, with a volume of 225895 shares trading hands. The stock had previously closed at C$45.78.

Analyst Upgrades and Downgrades

X has been the topic of a number of research analyst reports. Royal Bank Of Canada lowered their price target on TMX Group from C$67.00 to C$64.00 and set an “outperform” rating on the stock in a report on Monday, February 9th. Raymond James Financial raised TMX Group from a “moderate buy” rating to a “strong-buy” rating and boosted their target price for the stock from C$59.00 to C$61.00 in a research report on Monday, February 9th. TD Securities upgraded shares of TMX Group from a “hold” rating to a “buy” rating and upped their target price for the company from C$58.00 to C$60.00 in a research note on Wednesday, October 29th. Canaccord Genuity Group reduced their price target on shares of TMX Group from C$64.00 to C$61.00 and set a “buy” rating for the company in a research note on Monday, February 9th. Finally, Barclays lowered their price objective on shares of TMX Group from C$59.00 to C$52.00 and set an “equal weight” rating on the stock in a research report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$60.67.

TMX Group Price Performance

The company has a debt-to-equity ratio of 47.49, a current ratio of 1.01 and a quick ratio of 0.01. The stock has a market capitalization of C$12.61 billion, a price-to-earnings ratio of 30.42, a price-to-earnings-growth ratio of 12.65 and a beta of -0.20. The stock has a 50 day moving average price of C$50.42 and a 200-day moving average price of C$52.14.

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

TMX Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Friday, March 6th will be issued a dividend of $0.24 per share. The ex-dividend date is Friday, February 20th. This represents a $0.96 annualized dividend and a dividend yield of 2.1%. This is an increase from TMX Group’s previous quarterly dividend of $0.22. TMX Group’s payout ratio is presently 56.38%.

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.