TMX Group (X) – Research Analysts’ Recent Ratings Changes

A number of research firms have changed their ratings and price targets for TMX Group (TSE: X):

• 5/6/2024 – TMX Group had its price target raised by analysts at TD Securities from C$35.00 to C$37.00. They now have a “hold” rating on the stock.
• 5/6/2024 – TMX Group had its price target raised by analysts at BMO Capital Markets from C$41.00 to C$42.00.
• 5/5/2024 – TMX Group had its price target lowered by analysts at Royal Bank of Canada from C$40.00 to C$39.00. They now have a “sector perform” rating on the stock.
• 5/3/2024 – TMX Group had its price target raised by analysts at CIBC from C$38.00 to C$40.00. They now have a “neutral” rating on the stock.
• 4/30/2024 – TMX Group had its price target raised by analysts at Scotiabank from C$38.00 to C$39.00. They now have a “sector perform” rating on the stock.
• 4/30/2024 – TMX Group had its price target raised by analysts at National Bankshares, Inc. from C$37.00 to C$40.00. They now have a “sector perform” rating on the stock.
• 4/29/2024 – TMX Group had its price target raised by analysts at Royal Bank of Canada from C$36.00 to C$38.00. They now have a “sector perform” rating on the stock.
• 4/26/2024 – TMX Group was given a new C$44.00 price target on by analysts at Canaccord Genuity Group Inc.. They now have a “buy” rating on the stock.
• 4/26/2024 – TMX Group had its price target raised by analysts at CIBC from C$35.00 to C$38.00.
• 4/8/2024 – TMX Group had its price target raised by analysts at Barclays PLC from C$35.00 to C$38.00.
• 3/25/2024 – TMX Group was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating. They now have a C$41.00 price target on the stock, up previously from C$36.00.

TMX Group Price Performance

X opened at C$36.56 on Thursday. The stock has a market cap of C$10.11 billion, a price-to-earnings ratio of 28.56, a PEG ratio of 12.65 and a beta of 0.39. TMX Group Limited has a 1 year low of C$28.24 and a 1 year high of C$37.59. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 26.67. The stock has a fifty day moving average price of C$35.66 and a 200 day moving average price of C$32.91.

TMX Group (TSE:X) last announced its earnings results on Thursday, May 2nd. The company reported C$0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.37 by C$0.01. TMX Group had a return on equity of 9.10% and a net margin of 12.28%. The firm had revenue of C$345.90 million during the quarter, compared to analysts’ expectations of C$338.61 million. Analysts forecast that TMX Group Limited will post 1.6194927 EPS for the current fiscal year.

TMX Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 31st will be given a $0.19 dividend. This is an increase from TMX Group’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a yield of 2.08%. The ex-dividend date is Thursday, May 16th. TMX Group’s payout ratio is currently 55.47%.

Insider Transactions at TMX Group

In other TMX Group news, Senior Officer Luc Fortin sold 15,140 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of C$35.32, for a total value of C$534,744.80. In other TMX Group news, Senior Officer Luc Fortin sold 15,140 shares of the company’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, Director Peter Alexander Conroy sold 13,965 shares of TMX Group stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of C$36.19, for a total value of C$505,347.27. Corporate insiders own 5.57% of the company’s stock.

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.