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

TMX Group Limited (TSE:X) has been assigned an average rating of “Moderate Buy” from the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$60.67.

A number of research firms have commented on X. 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 report on Monday, February 9th. Barclays reduced their price objective on shares of TMX Group from C$59.00 to C$52.00 and set an “equal weight” rating for the company in a report on Monday, February 9th. Raymond James Financial upgraded shares of TMX Group from a “moderate buy” rating to a “strong-buy” rating and lifted their price objective for the company from C$59.00 to C$61.00 in a report on Monday, February 9th. Finally, Royal Bank Of Canada reduced their price objective on shares of TMX Group from C$67.00 to C$64.00 and set an “outperform” rating for the company in a report on Monday, February 9th.

TMX Group Trading Down 0.1%

TSE:X opened at C$49.58 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 45.58. The stock has a market capitalization of C$13.79 billion, a price-to-earnings ratio of 33.28, a PEG ratio of 12.65 and a beta of -0.35. The firm has a fifty day simple moving average of C$47.75 and a two-hundred day simple moving average of C$50.15. TMX Group has a 12 month low of C$44.10 and a 12 month high of C$57.98.

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 business had revenue of C$457.80 million during the quarter. TMX Group had a net margin of 14.23% and a return on equity of 8.85%. Analysts expect that TMX Group will post 1.7708421 EPS for the current fiscal year.

TMX Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 6th. Stockholders of record on Friday, March 6th were issued a dividend of $0.24 per share. This is an increase from TMX Group’s previous quarterly dividend of $0.22. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Friday, February 20th. TMX Group’s dividend payout ratio is 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.