TMX Group Limited (TSE:X) Receives C$46.94 Average Price Target from Analysts

Shares of TMX Group Limited (TSE:X) have been assigned a consensus recommendation of “Hold” from the seven analysts that are currently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$46.94.

A number of brokerages have recently weighed in on X. TD Securities lifted 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 report on Monday, October 28th. BMO Capital Markets lifted their target price on TMX Group from C$50.00 to C$62.00 in a report on Thursday, December 5th. CIBC increased their price target on TMX Group from C$43.00 to C$46.00 in a report on Thursday, October 31st. Barclays lifted their price objective on TMX Group from C$45.00 to C$47.00 in a report on Monday, December 9th. Finally, National Bankshares increased their target price on TMX Group from C$43.00 to C$44.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th.

TMX Group Stock Performance

X stock opened at C$44.48 on Tuesday. The company has a quick ratio of 0.01, a current ratio of 1.00 and a debt-to-equity ratio of 51.71. TMX Group has a twelve month low of C$31.15 and a twelve month high of C$45.92. The company has a market cap of C$12.35 billion, a P/E ratio of 30.26, a PEG ratio of 12.65 and a beta of 0.43. The business has a fifty day moving average of C$44.08 and a 200-day moving average of C$42.19.

TMX Group (TSE:X) last issued its quarterly 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 company had revenue of C$353.80 million during the quarter, compared to analysts’ expectations of C$356.24 million. As a group, equities research analysts expect that TMX Group will post 1.7708421 EPS for the current year.

TMX Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 29th were paid a $0.19 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.76 dividend on an annualized basis and a yield of 1.71%. TMX Group’s dividend payout ratio (DPR) is currently 50.34%.

TMX Group Company Profile

TMX Group Ltd is a company that operates several global markets to provide investment opportunities for its clients. TMX Group’s key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, and Trayport, which provides listing markets, trading markets, clearing facilities, depository services, technology solutions, data products, and other services to the global financial community.