TMX Group Limited (TSE:X) Given Average Rating of “Moderate Buy” by Analysts

Shares of TMX Group Limited (TSE:X) have received a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$61.11.

A number of analysts have commented on the company. Scotiabank set a C$70.00 price objective on TMX Group and gave the stock a “sector perform” rating in a report on Friday, October 24th. Raymond James Financial reduced their target price on shares of TMX Group from C$62.50 to C$59.00 and set an “outperform” rating for the company in a research note on Tuesday, October 28th. Barclays decreased their price target on TMX Group from C$60.00 to C$58.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 8th. TD Securities upgraded shares of TMX Group from a “hold” rating to a “buy” rating and boosted their price target for the company from C$58.00 to C$60.00 in a research report on Wednesday, October 29th. Finally, National Bankshares upped their price target on shares of TMX Group from C$59.00 to C$60.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 28th.

TMX Group Trading Down 1.6%

X opened at C$51.26 on Thursday. TMX Group has a 1-year low of C$42.47 and a 1-year high of C$57.98. The company has a current ratio of 1.01, a quick ratio of 0.01 and a debt-to-equity ratio of 47.49. The company has a market cap of C$14.26 billion, a P/E ratio of 31.07, a price-to-earnings-growth ratio of 12.65 and a beta of -0.10. The company has a fifty day moving average price of C$51.09 and a two-hundred day moving average price of C$53.86.

TMX Group (TSE:X) last released its quarterly earnings data on Monday, October 27th. The company reported C$0.43 EPS for the quarter. TMX Group had a return on equity of 3.37% and a net margin of 25.80%.The firm had revenue of C$418.60 million during the quarter. Analysts predict that TMX Group will post 1.7708421 EPS for the current fiscal year.

TMX Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 28th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Friday, November 14th. TMX Group’s dividend payout ratio is currently 49.09%.

TMX Group Company Profile

TMX Group Ltd is a company that operates several global markets to provide investment opportunities for its clients. TMX Group’s key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, and Trayport, which provides listing markets, trading markets, clearing facilities, depository services, technology solutions, data products, and other services to the global financial community.