TMX Group (TSE:X) PT Raised to C$42.00

TMX Group (TSE:X) had its price target increased by investment analysts at BMO Capital Markets from C$41.00 to C$42.00 in a research report issued on Monday, BayStreet.CA reports. BMO Capital Markets’ price objective points to a potential upside of 13.94% from the stock’s previous close.

A number of other brokerages have also recently commented on X. Scotiabank upped their price target on TMX Group from C$38.00 to C$39.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 30th. Royal Bank of Canada reduced their price target on TMX Group from C$40.00 to C$39.00 and set a “sector perform” rating for the company in a research report on Sunday. TD Securities upped their price target on TMX Group from C$35.00 to C$37.00 and gave the stock a “hold” rating in a research report on Monday. National Bankshares upped their price target on TMX Group from C$37.00 to C$40.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 30th. Finally, Canaccord Genuity Group set a C$44.00 price objective on TMX Group and gave the stock a “buy” rating in a research note on Friday, April 26th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$39.88.

TMX Group Stock Down 0.4 %

TMX Group stock opened at C$36.86 on Monday. The stock has a market cap of C$10.20 billion, a PE ratio of 28.80, a price-to-earnings-growth ratio of 12.65 and a beta of 0.39. The company has a debt-to-equity ratio of 26.67, a quick ratio of 0.01 and a current ratio of 1.00. TMX Group has a one year low of C$28.23 and a one year high of C$37.59. The stock has a fifty day moving average of C$35.62 and a 200 day moving average of C$32.88.

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

Insider Activity at TMX Group

In related news, Senior Officer Jayakumar Rajarathinam sold 95,750 shares of the 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 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 value of C$3,234,636.08. Also, Senior Officer Luc Fortin sold 15,140 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of C$35.32, for a total value of C$534,744.80. 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.