TMX Group (TSE:X) Stock Price Passes Above 200 Day Moving Average of $32.45

TMX Group Limited (TSE:X)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$32.45 and traded as high as C$36.25. TMX Group shares last traded at C$36.04, with a volume of 233,876 shares.

Analyst Ratings Changes

X has been the topic of several analyst reports. TD Securities boosted their price objective 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. CIBC upped their price target on shares of TMX Group from C$34.00 to C$35.00 and gave the company a “neutral” rating in a research report on Wednesday, February 7th. BMO Capital Markets raised shares of TMX Group from a “market perform” rating to an “outperform” rating and upped their price target for the company from C$36.00 to C$41.00 in a research report on Monday, March 25th. Royal Bank of Canada upped 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 report on Tuesday, February 6th. Finally, Barclays upped their price target on shares of TMX Group from C$35.00 to C$38.00 in a research report on Monday, April 8th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$37.14.

TMX Group Stock Down 0.1 %

The company has a debt-to-equity ratio of 26.67, a quick ratio of 0.01 and a current ratio of 1.00. The company has a market cap of C$9.97 billion, a price-to-earnings ratio of 28.16, a price-to-earnings-growth ratio of 12.65 and a beta of 0.39. The stock’s fifty day moving average is C$35.22 and its two-hundred day moving average is C$32.45.

TMX Group (TSE:X) last posted its earnings results on Monday, February 5th. The company reported C$0.37 earnings per share for the quarter, hitting analysts’ consensus estimates of C$0.37. TMX Group had a net margin of 12.28% and a return on equity of 9.10%. The company had revenue of C$301.50 million for the quarter, compared to analyst estimates of C$300.05 million. Sell-side analysts predict that TMX Group Limited will post 1.6194927 earnings per share for the current fiscal year.

TMX Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, March 8th were paid a $0.18 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $0.72 annualized dividend and a yield of 2.00%. TMX Group’s dividend payout ratio (DPR) is 55.47%.

Insider Buying and Selling at TMX Group

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

TMX Group Company Profile

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.