TMX Group (TSE:X) Price Target Raised to C$47.00

by · The Markets Daily

TMX Group (TSE:X – Free Report) had its price objective upped by Barclays from C$45.00 to C$47.00 in a research report sent to investors on Monday morning,BayStreet.CA reports.

Several other analysts also recently commented on the stock. CIBC raised their price objective on shares of TMX Group from C$43.00 to C$46.00 in a research report on Thursday, October 31st. BMO Capital Markets boosted their price objective on TMX Group from C$50.00 to C$62.00 in a research report on Thursday, December 5th. National Bankshares upped their price objective on TMX Group from C$43.00 to C$44.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. Finally, TD Securities upped their price target on TMX Group from C$42.00 to C$43.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of C$46.94.

Check Out Our Latest Stock Report on X

TMX Group Price Performance

Shares of X opened at C$44.25 on Monday. The firm has a fifty day simple moving average of C$43.73 and a two-hundred day simple moving average of C$41.57. The firm has a market cap of C$12.28 billion, a PE ratio of 30.10, a P/E/G ratio of 12.65 and a beta of 0.43. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 51.71. TMX Group has a 1-year low of C$30.19 and a 1-year high of C$45.92.

TMX Group (TSE:X – Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The company reported C$0.41 EPS for the quarter, beating the consensus estimate of C$0.40 by C$0.01. The firm had revenue of C$353.80 million during the quarter, compared to analyst estimates of C$356.24 million. TMX Group had a net margin of 13.39% and a return on equity of 10.08%. On average, equities analysts anticipate that TMX Group will post 1.7708421 EPS for the current year.

TMX Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 29th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend was Friday, November 15th. TMX Group’s payout ratio is 50.34%.

About TMX Group

(Get Free Report)

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.

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