TMX Group Limited (TSE:X) Receives Consensus Rating of “Hold” from Analysts

TMX Group Limited (TSE:X) has received an average recommendation of “Hold” from the eight research firms that are covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$39.88.

A number of brokerages have issued reports on X. BMO Capital Markets lifted their price target on TMX Group from C$41.00 to C$42.00 in a report on Monday, May 6th. Barclays boosted their target price on TMX Group from C$35.00 to C$38.00 in a research note on Monday, April 8th. TD Securities increased their price target on shares of TMX Group from C$35.00 to C$37.00 and gave the company a “hold” rating in a research note on Monday, May 6th. National Bankshares boosted their price objective on shares of 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. Finally, Royal Bank of Canada dropped their target price on shares of TMX Group from C$40.00 to C$39.00 and set a “sector perform” rating on the stock in a research report on Sunday, May 5th.

Insider Transactions at TMX Group

In other news, Senior Officer Luc Fortin sold 15,140 shares of the firm’s 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. In other TMX Group news, Senior Officer Luc Fortin sold 15,140 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of C$35.32, for a total transaction of C$534,744.80. Also, Director Peter Alexander Conroy sold 13,965 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of C$36.19, for a total transaction of C$505,347.27. Corporate insiders own 1.15% of the company’s stock.

TMX Group Trading Up 0.6 %

Shares of X stock opened at C$36.48 on Monday. The stock has a market capitalization of C$10.11 billion, a P/E ratio of 24.99, a price-to-earnings-growth ratio of 12.65 and a beta of 0.39. TMX Group has a fifty-two week low of C$28.32 and a fifty-two week high of C$37.59. The company has a debt-to-equity ratio of 54.91, a quick ratio of 0.01 and a current ratio of 1.00. The company has a 50 day moving average price of C$35.70 and a 200 day moving average price of C$33.03.

TMX Group (TSE:X) last released its earnings results on Thursday, May 2nd. The company reported C$0.38 EPS for the quarter, topping the consensus estimate of C$0.37 by C$0.01. The firm had revenue of C$345.90 million during the quarter, compared to analysts’ expectations of C$338.61 million. TMX Group had a return on equity of 10.16% and a net margin of 13.67%. Equities research analysts predict that TMX Group will post 1.6198934 EPS for the current fiscal year.

TMX Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be given a dividend of $0.19 per share. This is a positive change from TMX Group’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend is Thursday, May 16th. TMX Group’s dividend payout ratio is presently 50.00%.

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.