TMX Group (TSE:X) Stock Price Expected to Rise, Raymond James Financial Analyst Says

TMX Group (TSE:X) had its price target raised by stock analysts at Raymond James Financial from C$61.00 to C$61.50 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage presently has a “strong-buy” rating on the stock. Raymond James Financial’s price target would suggest a potential upside of 14.74% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on X. Canaccord Genuity Group decreased their price objective on shares of TMX Group from C$64.00 to C$61.00 and set a “buy” rating for the company in a report on Monday, February 9th. Barclays upped their price objective on shares of TMX Group from C$52.00 to C$59.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 8th. Finally, Royal Bank Of Canada decreased their price objective on shares of TMX Group from C$67.00 to C$64.00 and set an “outperform” rating for the company in a report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$61.50.

TMX Group Trading Up 0.9%

Shares of TSE:X opened at C$53.60 on Friday. The stock has a market capitalization of C$14.90 billion, a PE ratio of 35.97, a P/E/G ratio of 12.65 and a beta of -0.35. TMX Group has a 1 year low of C$44.10 and a 1 year high of C$57.98. The firm has a fifty day moving average price of C$48.28 and a 200 day moving average price of C$50.09. 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 (TSE:X) last issued its quarterly earnings data on Thursday, February 5th. The company reported C$0.60 earnings per share (EPS) for the quarter. The firm had revenue of C$457.80 million during the quarter. TMX Group had a net margin of 14.23% and a return on equity of 8.85%. Analysts expect that TMX Group will post 1.7708421 EPS for the current fiscal year.

About TMX Group

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.