TMX Group Limited (TSE:X) Given Consensus Recommendation of “Hold” by Brokerages

TMX Group Limited (TSE:XGet Free Report) has received an average rating of “Hold” from the eight ratings firms that are covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$43.44.

Several brokerages have issued reports on X. Scotiabank raised their price target on TMX Group from C$39.00 to C$43.50 in a report on Wednesday, July 24th. Barclays raised their target price on shares of TMX Group from C$40.00 to C$42.00 in a research note on Friday, August 2nd. CIBC upped their price target on shares of TMX Group from C$40.00 to C$43.00 in a research note on Friday, July 19th. TD Securities increased their price target on shares of TMX Group from C$41.00 to C$42.00 and gave the company a “hold” rating in a report on Thursday, August 1st. Finally, National Bankshares boosted their price objective on TMX Group from C$40.00 to C$43.00 and gave the stock a “sector perform” rating in a report on Monday, July 29th.

Get Our Latest Stock Analysis on TMX Group

TMX Group Stock Performance

Shares of TSE X opened at C$42.89 on Thursday. The stock has a market capitalization of C$11.91 billion, a PE ratio of 29.18, a price-to-earnings-growth ratio of 12.65 and a beta of 0.43. TMX Group has a 52 week low of C$28.52 and a 52 week high of C$44.28. The stock has a 50 day moving average price of C$42.54 and a 200 day moving average price of C$39.32. 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:XGet Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The company reported C$0.43 earnings per share (EPS) for the quarter, hitting 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 firm had revenue of C$367.10 million for the quarter, compared to analyst estimates of C$361.44 million. Analysts predict that TMX Group will post 1.7708421 earnings per share for the current fiscal year.

TMX Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 30th were paid a $0.19 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.76 annualized dividend and a dividend yield of 1.77%. TMX Group’s payout ratio is 50.34%.

Insider Activity at TMX Group

In other news, Senior Officer Jayakumar Rajarathinam sold 38,125 shares of the firm’s 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 value of C$1,579,766.56. In other TMX Group news, Director Elias Anastasopoulos sold 20,850 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of C$42.50, for a total value of C$886,125.00. Also, Senior Officer Jayakumar Rajarathinam sold 38,125 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of C$41.44, for a total value of C$1,579,766.56. 1.15% of the stock is currently owned by insiders.

About TMX Group

(Get Free Report

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.

See Also

Analyst Recommendations for TMX Group (TSE:X)

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