TMX Group Limited (TSE:X) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of TMX Group Limited (TSE:X) have earned a consensus rating of “Moderate Buy” from the nine brokerages that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$65.28.

X has been the subject of a number of research analyst reports. Scotia boosted their price objective on TMX Group from C$70.00 to C$71.00 and gave the stock a “sector outperform” rating in a report on Wednesday, May 6th. Raymond James Financial cut their price objective on shares of TMX Group from C$65.25 to C$64.50 and set a “strong-buy” rating for the company in a report on Friday, July 31st. Royal Bank Of Canada increased their target price on shares of TMX Group from C$69.00 to C$71.00 and gave the stock an “outperform” rating in a research report on Monday, June 15th. Barclays raised their target price on shares of TMX Group from C$58.00 to C$59.00 in a report on Thursday, July 9th. Finally, Canaccord Genuity Group boosted their price target on TMX Group from C$63.00 to C$64.00 and gave the company a “buy” rating in a research note on Monday, June 15th.

TMX Group Price Performance

Shares of X opened at C$54.53 on Friday. The company has a quick ratio of 0.01, a current ratio of 2.76 and a debt-to-equity ratio of 41.81. TMX Group has a twelve month low of C$44.10 and a twelve month high of C$57.27. The company has a 50 day moving average of C$50.41 and a 200-day moving average of C$50.32. The stock has a market capitalization of C$15.02 billion, a P/E ratio of 25.13, a P/E/G ratio of 12.65 and a beta of -0.15.

TMX Group (TSE:X) last announced its quarterly earnings data on Thursday, July 30th. The company reported C$0.62 earnings per share (EPS) for the quarter. The company had revenue of C$487.50 million for the quarter. TMX Group had a return on equity of 3.81% and a net margin of 32.55%. As a group, equities research analysts forecast that TMX Group will post 1.7708421 EPS for the current fiscal year.

TMX Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 28th will be given a dividend of $0.26 per share. The ex-dividend date is Friday, August 14th. This represents a $1.04 annualized dividend and a dividend yield of 1.9%. This is a positive change from TMX Group’s previous quarterly dividend of $0.24. TMX Group’s dividend payout ratio (DPR) is 42.40%.

About TMX Group

TMX Group operates global markets, and builds digital communities and analytic solutions that facilitate the funding, growth and success of businesses, traders and investors. TMX Group’s key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, TSX Trust, TMX Trayport, TMX Datalinx, TMX VettaFi and TMX Newsfile, which provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community.