TMX Group Limited (TSE:X) Given Average Rating of “Hold” by Brokerages

TMX Group Limited (TSE:X) has received a consensus recommendation of “Hold” from the seven analysts that are presently covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$37.14.

A number of research firms have recently commented on X. BMO Capital Markets upgraded 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 target on TMX Group to C$37.00 and gave the stock a “sector perform” rating in a research note on Monday, February 5th. Barclays raised their price objective on TMX Group from C$35.00 to C$38.00 in a report on Monday, April 8th. CIBC increased their target price on shares of TMX Group from C$34.00 to C$35.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 7th. Finally, Royal Bank of Canada raised their price target on shares of TMX Group from C$34.00 to C$36.00 and gave the company a “sector perform” rating in a report on Tuesday, February 6th.

TMX Group Price Performance

X stock opened at C$36.00 on Thursday. The stock has a market capitalization of C$9.96 billion, a price-to-earnings ratio of 28.13, a price-to-earnings-growth ratio of 12.65 and a beta of 0.39. The stock’s fifty day simple moving average is C$35.02 and its 200-day simple moving average is C$32.21. TMX Group has a 52-week low of C$26.82 and a 52-week high of C$37.01. The company has a quick ratio of 0.01, a current ratio of 1.00 and a debt-to-equity ratio of 26.67.

TMX Group (TSE:X) last issued 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 firm had revenue of C$301.50 million for the quarter, compared to analyst estimates of C$300.05 million. Equities research analysts expect that TMX Group will post 1.6194927 EPS for the current year.

TMX Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, March 8th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.00%. TMX Group’s dividend payout ratio is currently 55.47%.

Insider Activity

In related news, Senior Officer Jayakumar Rajarathinam sold 95,750 shares of TMX Group stock in a transaction on Thursday, February 8th. The shares were sold at an average price of C$33.78, for a total value of C$3,234,636.08. In other news, Senior Officer Jayakumar Rajarathinam sold 95,750 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of C$33.78, for a total transaction of C$3,234,636.08. Also, Senior Officer Luc Fortin sold 15,140 shares of the stock in a transaction that occurred 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. Insiders own 5.57% of the company’s stock.

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.