TMX Group (TSE:X) Given New C$147.00 Price Target at National Bankshares

TMX Group (TSE:X) had its price target trimmed by National Bankshares from C$154.00 to C$147.00 in a research note published on Friday morning, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Other analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of TMX Group from C$151.00 to C$152.00 and gave the stock a strong-buy rating in a report on Friday, December 17th. Royal Bank of Canada decreased their price objective on shares of TMX Group from C$159.00 to C$157.00 and set a sector perform rating for the company in a report on Tuesday, November 9th. Finally, Scotiabank downgraded shares of TMX Group to a hold rating and set a C$153.00 price objective for the company. in a report on Wednesday, November 10th. Five analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of Hold and an average price target of C$151.57.

TSE:X opened at C$127.10 on Friday. The firm’s fifty day moving average is C$128.14 and its 200-day moving average is C$133.01. The company has a debt-to-equity ratio of 30.15, a quick ratio of 0.01 and a current ratio of 1.01. TMX Group has a 52 week low of C$120.13 and a 52 week high of C$145.69. The firm has a market cap of C$7.16 billion and a P/E ratio of 22.34.

TMX Group (TSE:X) last released its quarterly earnings data on Monday, November 8th. The company reported C$1.57 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$1.60 by C($0.03). The business had revenue of C$231.30 million for the quarter, compared to analysts’ expectations of C$232.25 million. As a group, sell-side analysts anticipate that TMX Group will post 7.0399996 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 10th. Shareholders of record on Friday, November 26th were given a dividend of $0.77 per share. The ex-dividend date was Thursday, November 25th. This represents a $3.08 dividend on an annualized basis and a yield of 2.42%. TMX Group’s dividend payout ratio is presently 51.68%.

In other news, Director Luc Bertrand acquired 10,000 shares of the business’s stock in a transaction dated Thursday, November 18th. The stock was bought at an average cost of C$133.00 per share, for a total transaction of C$1,330,000.00. Following the completion of the transaction, the director now owns 600,000 shares of the company’s stock, valued at C$79,800,000.

TMX Group Company Profile

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

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Analyst Recommendations for TMX Group (TSE:X)

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