Analysts Set TMX Group Limited (TSE:X) Price Target at C$44.81

TMX Group Limited (TSE:X) has received an average rating of “Hold” from the seven analysts that are currently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$46.31.

X has been the subject of several research analyst reports. TD Securities raised their price target on shares of 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. National Bankshares lifted their price objective on shares of TMX Group from C$43.00 to C$44.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. BMO Capital Markets lifted their price objective on shares of TMX Group from C$50.00 to C$62.00 in a research note on Thursday. Finally, CIBC lifted their price objective on shares of TMX Group from C$43.00 to C$46.00 in a research note on Thursday, October 31st.

TMX Group Stock Performance

TMX Group has a 1 year low of C$29.68 and a 1 year high of C$45.92. The company has a fifty day simple moving average of C$43.62 and a 200-day simple moving average of C$41.36. The company has a debt-to-equity ratio of 51.71, a quick ratio of 0.01 and a current ratio of 1.00. The company has a market cap of C$12.36 billion, a PE ratio of 30.27, a price-to-earnings-growth ratio of 12.65 and a beta of 0.43.

TMX Group (TSE:X) last posted its earnings results on Wednesday, October 30th. The company reported C$0.41 EPS for the quarter, topping the consensus estimate of C$0.40 by C$0.01. TMX Group had a net margin of 13.39% and a return on equity of 10.08%. The firm had revenue of C$353.80 million for the quarter, compared to analysts’ expectations of C$356.24 million. On average, sell-side analysts predict that TMX Group will post 1.7708421 EPS for the current year.

TMX Group Dividend Announcement

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

TMX Group Company Profile

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.