TMX Group (TSE:X) Reaches New 12-Month High – Here’s What Happened

TMX Group Limited (TSE:X)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as C$45.68 and last traded at C$45.62, with a volume of 79652 shares trading hands. The stock had previously closed at C$45.25.

Wall Street Analyst Weigh In

X has been the subject of several research reports. National Bankshares raised their price objective on shares of TMX Group from C$43.00 to C$44.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. 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 report on Monday, October 28th. CIBC boosted their price objective on shares of TMX Group from C$43.00 to C$46.00 in a report on Thursday, October 31st. Barclays raised their target price on shares of TMX Group from C$45.00 to C$47.00 in a report on Monday, December 9th. Finally, BMO Capital Markets boosted their price target on TMX Group from C$50.00 to C$62.00 in a research note on Thursday, December 5th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of C$46.94.

TMX Group Stock Up 1.1 %

The firm has a 50 day simple moving average of C$44.16 and a two-hundred day simple moving average of C$42.98. The stock has a market capitalization of C$12.70 billion, a P/E ratio of 31.13, a PEG ratio of 12.65 and a beta of 0.43. 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 (TSE:X) last announced its quarterly earnings results on Wednesday, October 30th. The company reported C$0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.40 by C$0.01. The company had revenue of C$353.80 million for the quarter, compared to analyst estimates of C$356.24 million. TMX Group had a net margin of 13.39% and a return on equity of 10.08%. On average, equities research analysts expect that TMX Group Limited will post 1.7708421 earnings per share for the current year.

TMX Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 29th were given a $0.19 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.76 annualized dividend and a yield of 1.66%. TMX Group’s dividend payout ratio is presently 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.