TMX Group (TSE:X) Sets New 52-Week High at $36.96

TMX Group Limited (TSE:X)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$36.96 and last traded at C$36.96, with a volume of 9819 shares trading hands. The stock had previously closed at C$36.69.

Analysts Set New Price Targets

A number of research analysts recently commented on X shares. Scotiabank boosted their price target 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. TD Securities upped their price objective on TMX Group from C$34.00 to C$35.00 and gave the stock a “hold” rating in a report on Wednesday, February 7th. BMO Capital Markets raised TMX Group from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from C$36.00 to C$41.00 in a report on Monday, March 25th. National Bankshares upped their price objective on TMX Group to C$37.00 and gave the stock a “sector perform” rating in a report on Monday, February 5th. Finally, Royal Bank of Canada upped their price objective on TMX Group from C$34.00 to C$36.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 6th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$37.14.

TMX Group Stock Down 1.1 %

The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 26.67. The business has a 50-day moving average price of C$34.89 and a 200-day moving average price of C$32.04. The firm has a market cap of C$9.99 billion, a P/E ratio of 28.21, a P/E/G ratio of 12.65 and a beta of 0.39.

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

TMX Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors 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 yield of 1.99%. The ex-dividend date was Thursday, February 22nd. TMX Group’s payout ratio is currently 55.47%.

Insider Activity at TMX Group

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

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.