TMX Group Limited (TSE:X) Receives C$60.67 Consensus PT from Analysts

TMX Group Limited (TSE:X) has been assigned an average recommendation of “Moderate Buy” from the nine ratings firms that are covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$60.67.

Several brokerages recently commented on X. Raymond James Financial raised shares of TMX Group from a “moderate buy” rating to a “strong-buy” rating and boosted their price target for the stock from C$59.00 to C$61.00 in a report on Monday, February 9th. Barclays cut their target price on shares of TMX Group from C$59.00 to C$52.00 and set an “equal weight” rating for the company in a research note on Monday, February 9th. Canaccord Genuity Group decreased their price target on shares of TMX Group from C$64.00 to C$61.00 and set a “buy” rating on the stock in a research note on Monday, February 9th. Finally, Royal Bank Of Canada cut their price objective on TMX Group from C$67.00 to C$64.00 and set an “outperform” rating for the company in a research note on Monday, February 9th.

TMX Group Stock Down 1.5%

Shares of X opened at C$46.82 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 45.58. TMX Group has a 12 month low of C$44.10 and a 12 month high of C$57.98. The stock’s 50 day moving average is C$48.82 and its two-hundred day moving average is C$51.00. The firm has a market cap of C$13.03 billion, a P/E ratio of 31.42, a PEG ratio of 12.65 and a beta of -0.29.

TMX Group (TSE:X) last announced its earnings results on Thursday, February 5th. The company reported C$0.60 earnings per share for the quarter. TMX Group had a return on equity of 8.85% and a net margin of 14.23%.The business had revenue of C$457.80 million during the quarter. Analysts predict that TMX Group will post 1.7708421 earnings per share for the current fiscal year.

TMX Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 6th. Shareholders of record on Friday, March 6th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Friday, February 20th. This is an increase from TMX Group’s previous quarterly dividend of $0.22. TMX Group’s payout ratio is 56.38%.

TMX Group Company Profile

TMX Group Ltd is a company that operates several global markets to provide investment opportunities for its clients. TMX Group’s key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, and Trayport, which provides listing markets, trading markets, clearing facilities, depository services, technology solutions, data products, and other services to the global financial community.