TMX Group (TSE:X) Given New C$40.00 Price Target at CIBC

TMX Group (TSE:X) had its target price upped by CIBC from C$38.00 to C$40.00 in a note issued to investors on Friday, BayStreet.CA reports. The brokerage presently has a “neutral” rating on the stock. CIBC’s price objective would suggest a potential upside of 7.50% from the company’s current price.

A number of other research firms also recently commented on X. Canaccord Genuity Group set a C$44.00 price target on TMX Group and gave the stock a “buy” rating in a research note on Friday, April 26th. BMO Capital Markets upgraded TMX Group from a “market perform” rating to an “outperform” rating and boosted their price target for the company from C$36.00 to C$41.00 in a report on Monday, March 25th. National Bankshares upped their price target on TMX Group from C$37.00 to C$40.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 30th. Scotiabank lifted their price objective on shares of TMX Group from C$38.00 to C$39.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 30th. Finally, Barclays increased their target price on shares of TMX Group from C$35.00 to C$38.00 in a report on Monday, April 8th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, TMX Group presently has an average rating of “Hold” and an average price target of C$39.38.

TMX Group Stock Performance

TMX Group stock opened at C$37.21 on Friday. 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 stock has a 50 day moving average of C$35.51 and a 200-day moving average of C$32.76. The stock has a market cap of C$10.29 billion, a P/E ratio of 29.07, a price-to-earnings-growth ratio of 12.65 and a beta of 0.39. TMX Group has a 52 week low of C$27.74 and a 52 week high of C$37.59.

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

Insider Activity

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

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.