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

TMX Group Limited (TSE:X) has earned an average recommendation of “Moderate Buy” from the nine analysts that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$60.67.

A number of analysts have recently issued reports on X shares. Raymond James Financial upgraded TMX Group from a “moderate buy” rating to a “strong-buy” rating and increased their price target for the stock from C$59.00 to C$61.00 in a report on Monday, February 9th. Barclays dropped their price target on shares of TMX Group from C$59.00 to C$52.00 and set an “equal weight” rating for the company in a research report on Monday, February 9th. Royal Bank Of Canada decreased their price objective on shares of 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. Finally, Canaccord Genuity Group lowered their price objective on shares of TMX Group from C$64.00 to C$61.00 and set a “buy” rating for the company in a research report on Monday, February 9th.

TMX Group Stock Down 0.2%

TSE X opened at C$47.54 on Friday. TMX Group has a one year low of C$44.10 and a one year high of C$57.98. The company has a debt-to-equity ratio of 45.58, a quick ratio of 0.01 and a current ratio of 1.00. The business has a fifty day moving average price of C$48.92 and a 200 day moving average price of C$51.15. The company has a market cap of C$13.23 billion, a P/E ratio of 31.91, a P/E/G ratio of 12.65 and a beta of -0.20.

TMX Group (TSE:X) last posted its quarterly earnings results on Thursday, February 5th. The company reported C$0.60 EPS for the quarter. The firm had revenue of C$457.80 million during the quarter. TMX Group had a return on equity of 8.85% and a net margin of 14.23%. Research analysts anticipate that TMX Group will post 1.7708421 EPS for the current fiscal year.

TMX Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Friday, March 6th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.0%. This is a boost from TMX Group’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, February 20th. TMX Group’s payout ratio is currently 56.38%.

About TMX Group

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.