TMX Group (TSE:X) Given a C$44.00 Price Target at Canaccord Genuity Group

Canaccord Genuity Group set a C$44.00 target price on TMX Group (TSE:X) in a report issued on Friday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

X has been the topic of a number of other reports. BMO Capital Markets upgraded TMX Group from a market perform rating to an outperform rating and boosted their price objective for the company from C$36.00 to C$41.00 in a research note on Monday, March 25th. Barclays boosted their target price on TMX Group from C$35.00 to C$38.00 in a research report on Monday, April 8th. TD Securities raised their price target on TMX Group from C$34.00 to C$35.00 and gave the company a hold rating in a report on Wednesday, February 7th. Royal Bank of Canada boosted 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. Finally, National Bankshares raised their target price on shares of TMX Group to C$37.00 and gave the company a sector perform rating in a research note on Monday, February 5th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of C$38.38.

TMX Group Stock Performance

TSE X opened at C$36.38 on Friday. The company has a market cap of C$10.06 billion, a P/E ratio of 28.42, a PEG ratio of 12.65 and a beta of 0.39. The company has a fifty day simple moving average of C$35.25 and a 200 day simple moving average of C$32.48. TMX Group has a 12-month low of C$27.13 and a 12-month high of C$37.01. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 26.67.

TMX Group (TSE:X) last posted its quarterly earnings data on Monday, February 5th. The company reported C$0.37 EPS for the quarter, meeting the consensus estimate of C$0.37. The firm had revenue of C$301.50 million during the quarter, compared to analyst estimates of C$300.05 million. TMX Group had a net margin of 12.28% and a return on equity of 9.10%. Sell-side analysts predict that TMX Group will post 1.6194927 earnings per share for the current fiscal year.

TMX Group Dividend Announcement

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

Insider Buying and Selling at TMX Group

In related news, Senior Officer Luc Fortin sold 15,140 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of C$35.32, for a total value of C$534,744.80. In other TMX Group news, Senior Officer Luc Fortin sold 15,140 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of C$35.32, for a total value of C$534,744.80. Also, Senior Officer Jayakumar Rajarathinam sold 95,750 shares of TMX Group stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of C$33.78, for a total value of C$3,234,636.08. 5.57% of the stock is currently owned by corporate 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.