TMX Group (TSE:X) PT Raised to C$160.00

TMX Group (TSE:XGet Rating) had its target price lifted by TD Securities from C$155.00 to C$160.00 in a research note published on Wednesday, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

A number of other brokerages also recently issued reports on X. National Bank Financial cut their price target on shares of TMX Group to C$139.00 and set a sector perform rating for the company in a report on Wednesday, February 9th. CIBC reduced their price target on shares of TMX Group from C$145.00 to C$140.00 in a research report on Wednesday, January 26th. BMO Capital Markets lowered their price target on TMX Group from C$157.00 to C$150.00 in a report on Thursday, February 10th. Deutsche Bank Aktiengesellschaft lifted their price objective on TMX Group from C$145.00 to C$152.00 in a report on Thursday, April 7th. Finally, Scotiabank lowered their target price on TMX Group from C$150.00 to C$148.00 in a report on Thursday, February 10th. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Buy and an average price target of C$149.50.

Shares of X stock opened at C$134.10 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 0.01 and a debt-to-equity ratio of 29.59. The stock has a 50 day simple moving average of C$130.70 and a 200-day simple moving average of C$129.38. The company has a market cap of C$7.50 billion and a price-to-earnings ratio of 22.39. TMX Group has a 12-month low of C$121.42 and a 12-month high of C$145.69.

TMX Group (TSE:XGet Rating) last announced its quarterly earnings data on Monday, February 7th. The company reported C$1.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$1.70 by C$0.07. The business had revenue of C$252.40 million for the quarter, compared to analyst estimates of C$248.38 million. On average, equities analysts forecast that TMX Group will post 7.6100002 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 3rd. Shareholders of record on Friday, June 3rd will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend is Thursday, May 19th. TMX Group’s dividend payout ratio (DPR) is presently 50.25%.

TMX Group Company Profile (Get Rating)

TMX Group Limited operates exchanges, markets, and clearinghouses primarily for capital markets in Canada and internationally. The company operates through four segments: Global Solutions, Insights & Analytics; Capital Formation; Derivatives Trading and Clearing; and Equities and Fixed Income Trading & Clearing.

Further Reading

Analyst Recommendations for TMX Group (TSE:X)

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