TMX Group (TSE:X) Hits New 12-Month High at $36.31

Shares of TMX Group Limited (TSE:X) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$36.31 and last traded at C$36.09, with a volume of 157681 shares. The stock had previously closed at C$35.22.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Scotiabank upped their target price on shares of TMX Group from C$36.00 to C$38.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 7th. Royal Bank of Canada upped their price objective on TMX Group from C$34.00 to C$36.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 6th. CIBC raised their price target on TMX Group from C$34.00 to C$35.00 and gave the company a “neutral” rating in a report on Wednesday, February 7th. National Bankshares boosted their price objective on TMX Group to C$37.00 and gave the stock a “sector perform” rating in a report on Monday, February 5th. Finally, BMO Capital Markets raised shares of TMX Group from a “market perform” rating to an “outperform” rating and raised their target price for the company from C$36.00 to C$41.00 in a research note on Monday. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of C$36.57.

TMX Group Stock Performance

The stock has a market capitalization of C$10.08 billion, a price-to-earnings ratio of 28.48, a P/E/G ratio of 12.65 and a beta of 0.39. The company’s fifty day simple moving average is C$34.24 and its 200 day simple moving average is C$31.50. The company has a quick ratio of 0.01, a current ratio of 1.00 and a debt-to-equity ratio of 26.67.

TMX Group (TSE:X) last issued its quarterly earnings results on Monday, February 5th. The company reported C$0.37 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.37. TMX Group had a return on equity of 9.10% and a net margin of 12.28%. The business had revenue of C$301.50 million during the quarter, compared to analysts’ expectations of C$300.05 million. On average, equities research analysts expect that TMX Group Limited will post 1.6204276 earnings per share for the current year.

TMX Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, March 8th were issued a $0.18 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.98%. TMX Group’s dividend payout ratio (DPR) is currently 55.47%.

Insider Activity at TMX Group

In other news, Senior Officer Luc Fortin sold 15,140 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of C$35.32, for a total transaction of C$534,744.80. In other TMX Group news, Senior Officer Jayakumar Rajarathinam sold 95,750 shares of the business’s stock in a transaction 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 company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of C$35.32, for a total transaction of C$534,744.80. 5.57% of the stock is owned by company 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.