TMX Group (TSE:X) Shares Pass Above 200 Day Moving Average of $130.14

Shares of TMX Group Limited (TSE:XGet Rating) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$130.14 and traded as high as C$134.11. TMX Group shares last traded at C$133.62, with a volume of 187,593 shares traded.

X has been the topic of a number of recent analyst reports. BMO Capital Markets increased their price objective on TMX Group from C$150.00 to C$151.00 in a research report on Wednesday, May 4th. Scotiabank increased their target price on TMX Group from C$148.00 to C$152.00 in a research note on Wednesday, May 4th. Deutsche Bank Aktiengesellschaft increased their target price on TMX Group from C$148.00 to C$150.00 in a research note on Thursday, May 19th. Royal Bank of Canada increased their target price on TMX Group from C$163.00 to C$165.00 and gave the company an “outperform” rating in a research note on Tuesday, May 3rd. Finally, TD Securities increased their target price on TMX Group from C$155.00 to C$160.00 and gave the company a “buy” rating in a research note on Wednesday, May 4th. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$149.75.

The company has a quick ratio of 0.01, a current ratio of 1.01 and a debt-to-equity ratio of 27.59. The stock’s fifty day moving average price is C$133.66 and its two-hundred day moving average price is C$130.14. The company has a market capitalization of C$7.47 billion and a PE ratio of 14.80.

TMX Group (TSE:XGet Rating) last issued its quarterly earnings data on Monday, May 2nd. The company reported C$1.82 EPS for the quarter, topping the consensus estimate of C$1.75 by C$0.07. The company had revenue of C$287.10 million during the quarter, compared to analysts’ expectations of C$258.77 million. On average, equities research analysts forecast that TMX Group Limited will post 7.6732432 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 3rd. Stockholders of record on Friday, June 3rd were issued a dividend of $0.83 per share. The ex-dividend date was Thursday, May 19th. This represents a $3.32 annualized dividend and a dividend yield of 2.48%. TMX Group’s payout ratio is 34.77%.

In other news, Senior Officer Jayakumar Rajarathinam sold 21,118 shares of TMX Group stock in a transaction that occurred on Wednesday, May 4th. The shares were sold at an average price of C$132.82, for a total transaction of C$2,804,825.18.

About TMX Group (TSE:X)

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.

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