TMX Group (TSE:X) PT Raised to C$43.50 at Scotiabank

TMX Group (TSE:X) had its price objective hoisted by Scotiabank from C$39.00 to C$43.50 in a report released on Wednesday morning, BayStreet.CA reports.

A number of other equities analysts have also recently commented on X. Royal Bank of Canada decreased their price target on TMX Group from C$40.00 to C$39.00 and set a sector perform rating on the stock in a research note on Sunday, May 5th. CIBC lifted their price target on TMX Group from C$40.00 to C$43.00 in a research report on Friday, July 19th. Barclays upped their price objective on shares of TMX Group from C$38.00 to C$40.00 in a report on Wednesday, July 10th. TD Securities raised their price target on TMX Group from C$37.00 to C$41.00 and gave the company a hold rating in a report on Monday, July 22nd. Finally, Canaccord Genuity Group set a C$44.00 price objective on shares of TMX Group and gave the stock a buy rating in a report on Friday, April 26th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, TMX Group has a consensus rating of Hold and an average target price of C$41.81.

TMX Group Stock Up 0.6 %

X stock opened at C$42.00 on Wednesday. TMX Group has a twelve month low of C$28.32 and a twelve month high of C$42.19. The firm has a market capitalization of C$11.64 billion, a PE ratio of 28.77, a PEG ratio of 12.65 and a beta of 0.39. The company has a quick ratio of 0.01, a current ratio of 1.00 and a debt-to-equity ratio of 54.91. The stock has a 50-day simple moving average of C$38.38 and a two-hundred day simple moving average of C$36.13.

TMX Group (TSE:X) last released its quarterly earnings results on Thursday, May 2nd. The company reported C$0.38 earnings per share for the quarter, beating the consensus estimate of C$0.37 by C$0.01. The firm had revenue of C$345.90 million for the quarter, compared to analysts’ expectations of C$338.61 million. TMX Group had a return on equity of 10.16% and a net margin of 13.67%. On average, equities analysts predict that TMX Group will post 1.6098304 EPS for the current fiscal year.

TMX Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.81%. This is an increase from TMX Group’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Thursday, May 16th. TMX Group’s payout ratio is presently 50.00%.

Insider Activity at TMX Group

In other news, Director Peter Alexander Conroy sold 13,965 shares of TMX Group stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of C$36.19, for a total transaction of C$505,347.27. In related news, Senior Officer Cheryl Graden sold 146,115 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of C$35.96, for a total transaction of C$5,254,295.40. Also, Director Peter Alexander Conroy sold 13,965 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of C$36.19, for a total value of C$505,347.27. 1.15% of the stock is owned by corporate insiders.

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.