Royal Bank of Canada Raises TMX Group (TSE:X) Price Target to C$38.00

TMX Group (TSE:X) had its target price increased by Royal Bank of Canada from C$36.00 to C$38.00 in a report issued on Monday morning, BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the stock.

A number of other research firms have also recently commented on X. TD Securities lifted their price objective on shares of TMX Group from C$34.00 to C$35.00 and gave the stock a hold rating in a research report on Wednesday, February 7th. CIBC lifted their target price on shares of TMX Group from C$35.00 to C$38.00 in a report on Friday. National Bankshares upped their price target on shares of TMX Group to C$37.00 and gave the company a sector perform rating in a research note on Monday, February 5th. Scotiabank raised their price objective on shares of TMX Group from C$36.00 to C$38.00 and gave the stock a sector perform rating in a research report on Wednesday, February 7th. Finally, Canaccord Genuity Group set a C$44.00 target price on TMX Group and gave the company a buy rating in a research report on Friday. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of C$38.63.

TMX Group Stock Up 0.2 %

Shares of X stock opened at C$36.46 on Monday. TMX Group has a 52-week low of C$27.57 and a 52-week high of C$37.01. The company has a debt-to-equity ratio of 26.67, a quick ratio of 0.01 and a current ratio of 1.00. The stock has a market cap of C$10.09 billion, a price-to-earnings ratio of 28.48, a PEG ratio of 12.65 and a beta of 0.39. The firm’s 50-day moving average is C$35.34 and its 200-day moving average is C$32.60.

TMX Group (TSE:X) last released its quarterly earnings data on Monday, February 5th. The company reported C$0.37 earnings per share (EPS) for the quarter, meeting the consensus estimate 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. Sell-side analysts predict that TMX Group will post 1.6194927 EPS for the current year.

TMX Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, March 8th were issued a dividend of $0.18 per share. The ex-dividend date was Thursday, February 22nd. This represents a $0.72 annualized dividend and a dividend yield of 1.97%. TMX Group’s dividend payout ratio is presently 55.47%.

Insider Activity

In other news, Senior Officer Luc Fortin sold 15,140 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of C$35.32, for a total transaction of C$534,744.80. In other TMX Group news, Senior Officer Jayakumar Rajarathinam sold 95,750 shares of the firm’s stock in a transaction dated 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. Also, Senior Officer Luc Fortin sold 15,140 shares of the company’s 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 transaction of C$534,744.80. 5.57% of the stock is owned by company insiders.

TMX Group Company Profile

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.