Q3 2017 EPS Estimates for Tmx Group Limited (TSE:X) Lowered by National Bank Financial
Tmx Group Limited (TSE:X) – Equities research analysts at National Bank Financial lowered their Q3 2017 EPS estimates for shares of Tmx Group Limited in a research report issued to clients and investors on Thursday. National Bank Financial analyst J. Gloyn now expects that the company will post earnings of $1.07 per share for the quarter, down from their prior estimate of $1.12. National Bank Financial has a “Sector Perform” rating and a $76.00 price target on the stock. National Bank Financial also issued estimates for Tmx Group Limited’s FY2017 earnings at $4.64 EPS and FY2018 earnings at $4.95 EPS.
Several other brokerages also recently weighed in on X. TD Securities increased their price target on Tmx Group Limited from C$82.00 to C$83.00 and gave the stock a “buy” rating in a report on Thursday, May 11th. Scotiabank lifted their price target on Tmx Group Limited from C$71.00 to C$73.00 and gave the stock a “sector perform” rating in a research note on Friday. Finally, Royal Bank Of Canada cut their price target on Tmx Group Limited from C$80.00 to C$78.00 and set a “sector perform” rating for the company in a research note on Thursday, May 11th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Tmx Group Limited currently has a consensus rating of “Hold” and a consensus target price of C$76.60.
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Shares of Tmx Group Limited (X) opened at 66.83 on Monday. The stock has a 50 day moving average of $68.42 and a 200 day moving average of $70.47. Tmx Group Limited has a 12-month low of $55.60 and a 12-month high of $79.90. The company has a market cap of $3.69 billion and a price-to-earnings ratio of 18.67.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 25th will be paid a $0.50 dividend. This is a positive change from Tmx Group Limited’s previous quarterly dividend of $0.30. This represents a $2.00 annualized dividend and a dividend yield of 2.99%. The ex-dividend date is Wednesday, August 23rd.
In related news, insider Jean Desgagne sold 17,200 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of C$70.99, for a total transaction of C$1,221,028.00.
About Tmx Group Limited
TMX Group Limited operates exchanges, markets, and clearing houses primarily for capital markets in Canada. It operates in six segments: Market Insights; Capital Formation; Derivatives Trading & Clearing; Equities and Fixed Income Trading & Clearing; Energy Trading & Clearing; and Market Solutions.
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