TMX Group (TSE:X) PT Lowered to C$39.00

TMX Group (TSE:X) had its price objective dropped by investment analysts at Royal Bank of Canada from C$40.00 to C$39.00 in a research report issued to clients and investors on Sunday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 5.41% from the company’s current price.

A number of other equities research analysts also recently weighed in on the stock. Scotiabank boosted their price target on shares of TMX Group from C$38.00 to C$39.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 30th. TD Securities increased their price target on TMX Group from C$34.00 to C$35.00 and gave the company a “hold” rating in a research note on Wednesday, February 7th. National Bankshares raised their price target on TMX Group from C$37.00 to C$40.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 30th. CIBC upped their price objective on TMX Group from C$38.00 to C$40.00 and gave the company a “neutral” rating in a report on Friday. Finally, Barclays raised their target price on TMX Group from C$35.00 to C$38.00 in a report on Monday, April 8th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, TMX Group has an average rating of “Hold” and an average price target of C$39.88.

TMX Group Price Performance

TMX Group stock opened at C$37.00 on Friday. The business has a 50 day simple moving average of C$35.57 and a 200 day simple moving average of C$32.83. The company has a debt-to-equity ratio of 26.67, a current ratio of 1.00 and a quick ratio of 0.01. TMX Group has a one year low of C$28.23 and a one year high of C$37.59. The company has a market capitalization of C$10.24 billion, a PE ratio of 28.91, a price-to-earnings-growth ratio of 12.65 and a beta of 0.39.

TMX Group (TSE:X) last announced its earnings results on Thursday, May 2nd. The company reported C$0.38 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.37 by C$0.01. The company had revenue of C$345.90 million during the quarter, compared to analyst estimates of C$338.61 million. TMX Group had a return on equity of 9.10% and a net margin of 12.28%. On average, sell-side analysts forecast that TMX Group will post 1.6194927 EPS for the current fiscal year.

Insider Activity

In other news, Senior Officer Jayakumar Rajarathinam sold 95,750 shares of TMX Group stock in a transaction dated 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. In related news, Senior Officer Luc Fortin sold 15,140 shares of the stock in a transaction on Friday, March 1st. The stock was 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 TMX Group stock in a transaction on Thursday, February 8th. The stock was sold at an average price of C$33.78, for a total transaction of C$3,234,636.08. 5.57% of the stock is currently owned by insiders.

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.