TMX Group (TSE:X) Stock Passes Above 200-Day Moving Average of $37.52

TMX Group Limited (TSE:X) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$37.52 and traded as high as C$42.65. TMX Group shares last traded at C$42.56, with a volume of 375,643 shares changing hands.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Royal Bank of Canada lifted their target price on TMX Group from C$44.00 to C$46.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. TD Securities boosted their price objective on TMX Group from C$41.00 to C$42.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. Scotiabank raised their target price on shares of TMX Group from C$39.00 to C$43.50 in a research note on Wednesday, July 24th. Barclays upped their price target on shares of TMX Group from C$40.00 to C$42.00 in a research report on Friday, August 2nd. Finally, National Bankshares raised their price objective on shares of TMX Group from C$40.00 to C$43.00 and gave the company a “sector perform” rating in a research report on Monday, July 29th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of C$43.44.

TMX Group Trading Up 1.5 %

The stock has a market cap of C$11.81 billion, a P/E ratio of 28.95, a P/E/G ratio of 12.65 and a beta of 0.43. The stock’s fifty day moving average is C$40.65 and its 200 day moving average is C$37.52. The company has a debt-to-equity ratio of 51.71, a quick ratio of 0.01 and a current ratio of 1.00.

TMX Group (TSE:X) last announced its earnings results on Wednesday, July 31st. The company reported C$0.43 earnings per share for the quarter, meeting the consensus estimate of C$0.43. TMX Group had a net margin of 13.39% and a return on equity of 10.08%. The business had revenue of C$367.10 million for the quarter, compared to the consensus estimate of C$361.44 million. As a group, equities research analysts predict that TMX Group Limited will post 1.6003781 earnings per share for the current fiscal year.

TMX Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend is Friday, August 16th. TMX Group’s dividend payout ratio is presently 50.34%.

Insiders Place Their Bets

In other news, Senior Officer Jayakumar Rajarathinam sold 38,125 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of C$41.44, for a total transaction of C$1,579,766.56. In other news, Senior Officer Jayakumar Rajarathinam sold 38,125 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of C$41.44, for a total transaction of C$1,579,766.56. Also, Senior Officer Cheryl Graden sold 146,115 shares of TMX Group stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of C$35.96, for a total transaction of C$5,254,295.40. 1.15% of the stock is currently owned by company insiders.

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.