TMX Group (TSE:X) Given New C$37.00 Price Target at TD Securities

TMX Group (TSE:X) had its price objective raised by research analysts at TD Securities from C$35.00 to C$37.00 in a research note issued to investors on Monday, BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. TD Securities’ price objective indicates a potential upside of 0.38% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. National Bankshares increased their price objective 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. BMO Capital Markets raised TMX Group from a “market perform” rating to an “outperform” rating and increased their target price for the company from C$36.00 to C$41.00 in a report on Monday, March 25th. Scotiabank increased their target price on TMX Group from C$38.00 to C$39.00 and gave the company a “sector perform” rating in a report on Tuesday, April 30th. CIBC increased their target price on TMX Group from C$38.00 to C$40.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Finally, Barclays increased their target price on TMX Group from C$35.00 to C$38.00 in a report on Monday, April 8th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of C$39.88.

TMX Group Trading Down 0.4 %

TSE X opened at C$36.86 on Monday. TMX Group has a 12 month low of C$28.23 and a 12 month high of C$37.59. The stock has a market cap of C$10.20 billion, a P/E ratio of 28.80, a P/E/G ratio of 12.65 and a beta of 0.39. The stock’s fifty day moving average price is C$35.62 and its 200-day moving average price is C$32.88. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 26.67.

TMX Group (TSE:X) last released its quarterly earnings data on Thursday, May 2nd. The company reported C$0.38 EPS for the quarter, beating the consensus estimate of C$0.37 by C$0.01. TMX Group had a return on equity of 9.10% and a net margin of 12.28%. The company had revenue of C$345.90 million for the quarter, compared to analysts’ expectations of C$338.61 million. As a group, equities analysts forecast that TMX Group will post 1.6194927 EPS for the current fiscal year.

Insider Activity at TMX Group

In other TMX Group news, Senior Officer Jayakumar Rajarathinam sold 95,750 shares of the firm’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. In other news, Senior Officer Luc Fortin sold 15,140 shares of the business’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. Also, Senior Officer Jayakumar Rajarathinam sold 95,750 shares of the business’s stock in a transaction that occurred 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. 5.57% of the stock is owned by corporate 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.