TMX Group (TSE:X) Price Target Raised to C$42.00

TMX Group (TSE:X) had its price target upped by BMO Capital Markets from C$41.00 to C$42.00 in a research note released on Monday, BayStreet.CA reports.

Other equities analysts have also issued reports about the company. National Bankshares upped their target price on TMX Group from C$37.00 to C$40.00 and gave the company a sector perform rating in a research report on Tuesday, April 30th. Royal Bank of Canada reduced their price objective on shares of 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. TD Securities boosted their target price on shares of TMX Group from C$35.00 to C$37.00 and gave the stock a hold rating in a research report on Monday. Barclays lifted their price target on TMX Group from C$35.00 to C$38.00 in a research note on Monday, April 8th. Finally, CIBC lifted their target price on TMX Group from C$38.00 to C$40.00 and gave the stock a neutral rating in a research report on Friday, May 3rd. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, TMX Group currently has a consensus rating of Hold and a consensus price target of C$39.88.

TMX Group Price Performance

Shares of TMX Group stock opened at C$36.56 on Monday. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 26.67. TMX Group has a twelve month low of C$28.24 and a twelve month high of C$37.59. The stock has a market capitalization of C$10.11 billion, a P/E ratio of 28.56, a PEG ratio of 12.65 and a beta of 0.39. The business’s fifty day moving average price is C$35.66 and its 200 day moving average price is C$32.91.

TMX Group (TSE:X) last issued its earnings results on Thursday, May 2nd. The company reported C$0.38 EPS for the quarter, beating analysts’ consensus estimates of C$0.37 by C$0.01. TMX Group had a net margin of 12.28% and a return on equity of 9.10%. The business had revenue of C$345.90 million for the quarter, compared to the consensus estimate of C$338.61 million. As a group, research analysts anticipate that TMX Group will post 1.6194927 earnings per share for the current year.

TMX Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be given a $0.19 dividend. The ex-dividend date is Thursday, May 16th. This is a positive change from TMX Group’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a yield of 2.08%. TMX Group’s dividend payout ratio (DPR) is currently 55.47%.

Insider Buying and Selling at TMX Group

In related news, Director Peter Alexander Conroy sold 13,965 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of C$36.19, for a total value of C$505,347.27. In other TMX Group news, Senior Officer Luc Fortin sold 15,140 shares of TMX Group stock in a transaction that occurred 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. Also, Director Peter Alexander Conroy sold 13,965 shares of TMX Group stock in a transaction dated Monday, May 6th. The stock was sold at an average price of C$36.19, for a total value of C$505,347.27. 5.57% of the stock is currently owned by company insiders.

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.