TMX Group Limited (TSE:X) Given Average Recommendation of “Hold” by Brokerages

TMX Group Limited (TSE:X) has been assigned an average rating of “Hold” from the seven research firms that are currently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$37.14.

X has been the subject of a number of research reports. Scotiabank upped their price objective on shares of TMX Group from C$36.00 to C$38.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 7th. National Bankshares boosted their price objective on shares of TMX Group to C$37.00 and gave the stock a “sector perform” rating in a research note on Monday, February 5th. CIBC increased their target price on TMX Group from C$34.00 to C$35.00 and gave the company a “neutral” rating in a research report on Wednesday, February 7th. BMO Capital Markets raised TMX Group from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from C$36.00 to C$41.00 in a research report on Monday, March 25th. Finally, Royal Bank of Canada raised their price objective on TMX Group from C$34.00 to C$36.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 6th.

Insider Buying and Selling at TMX Group

In related news, Senior Officer Jayakumar Rajarathinam sold 95,750 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of C$33.78, for a total transaction of C$3,234,636.08. In other news, Senior Officer Luc Fortin sold 15,140 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of C$35.32, for a total value of C$534,744.80. Also, Senior Officer Jayakumar Rajarathinam sold 95,750 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of C$33.78, for a total value of C$3,234,636.08. 5.57% of the stock is currently owned by corporate insiders.

TMX Group Stock Up 0.9 %

Shares of TSE:X opened at C$36.41 on Thursday. The firm has a market capitalization of C$10.07 billion, a PE ratio of 28.45, a price-to-earnings-growth ratio of 12.65 and a beta of 0.39. The business has a 50 day simple moving average of C$35.15 and a two-hundred day simple moving average of C$32.38. TMX Group has a 1 year low of C$27.11 and a 1 year high of C$37.01. The company has a debt-to-equity ratio of 26.67, a current ratio of 1.00 and a quick ratio of 0.01.

TMX Group (TSE:X) last posted its quarterly earnings results on Monday, February 5th. The company reported C$0.37 EPS for the quarter, hitting analysts’ consensus estimates of C$0.37. TMX Group had a net margin of 12.28% and a return on equity of 9.10%. The firm had revenue of C$301.50 million for the quarter, compared to analysts’ expectations of C$300.05 million. On average, equities analysts predict that TMX Group will post 1.6194927 EPS for the current year.

TMX Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, March 8th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend was Thursday, February 22nd. TMX Group’s payout ratio is 55.47%.

About TMX Group

TMX Group Limited operates exchanges, markets, and clearinghouses primarily for capital markets in Canada, the United States, the United Kingdom, Germany, and internationally. It operates through four segments: Global Solutions, Insights & Analytics; Capital Formation; Derivatives Trading & Clearing; and Equities and Fixed Income Trading & Clearing.