TMX Group Limited (TSE:X) Given Consensus Rating of “Hold” by Brokerages

Shares of TMX Group Limited (TSE:X) have been assigned an average recommendation of “Hold” from the seven analysts that are presently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$37.14.

A number of analysts have recently commented on X shares. National Bankshares boosted their price objective on TMX Group to C$37.00 and gave the company a “sector perform” rating in a research report on Monday, February 5th. TD Securities boosted their target price on shares of TMX Group from C$34.00 to C$35.00 and gave the stock a “hold” rating in a research note on Wednesday, February 7th. Royal Bank of Canada raised their price target on shares of TMX Group from C$34.00 to C$36.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 6th. Scotiabank lifted their price objective on TMX Group from C$36.00 to C$38.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 7th. Finally, Barclays increased their target price on TMX Group from C$35.00 to C$38.00 in a report on Monday, April 8th.

TMX Group Price Performance

Shares of X opened at C$36.00 on Thursday. The business’s 50-day moving average is C$35.02 and its two-hundred day moving average is C$32.21. The company has a market capitalization of C$9.96 billion, a P/E ratio of 28.13, a P/E/G ratio of 12.65 and a beta of 0.39. TMX Group has a fifty-two week low of C$26.82 and a fifty-two week high of C$37.01. The company has a debt-to-equity ratio of 26.67, a quick ratio of 0.01 and a current ratio of 1.00.

TMX Group (TSE:X) last announced its quarterly earnings results on Monday, February 5th. The company reported C$0.37 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.37. The company had revenue of C$301.50 million during the quarter, compared to the consensus estimate of C$300.05 million. TMX Group had a return on equity of 9.10% and a net margin of 12.28%. Research analysts predict that TMX Group will post 1.6194927 earnings per share for the current year.

TMX Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, March 8th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date was Thursday, February 22nd. TMX Group’s dividend payout ratio is presently 55.47%.

Insider Transactions at TMX Group

In other TMX Group news, Senior Officer Luc Fortin sold 15,140 shares of TMX Group stock in a transaction dated Friday, March 1st. The stock was sold at an average price of C$35.32, for a total value of C$534,744.80. In other TMX Group news, Senior Officer Luc Fortin sold 15,140 shares of the business’s stock in a transaction 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, Senior Officer Jayakumar Rajarathinam sold 95,750 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of C$33.78, for a total value of C$3,234,636.08. Company insiders own 5.57% of the company’s stock.

About TMX Group

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.