TMX Group (TSE:X) PT Raised to C$42.00

TMX Group (TSE:X) had its price objective raised by BMO Capital Markets from C$41.00 to C$42.00 in a research note issued to investors on Monday morning, BayStreet.CA reports.

Several other equities analysts also recently weighed in on X. CIBC raised their price objective on TMX Group from C$38.00 to C$40.00 and gave the company a neutral rating in a research note on Friday, May 3rd. Canaccord Genuity Group set a C$44.00 price target on shares of TMX Group and gave the stock a buy rating in a research report on Friday, April 26th. Royal Bank of Canada reduced their price objective on TMX Group from C$40.00 to C$39.00 and set a sector perform rating on the stock in a research note on Sunday, May 5th. Scotiabank upped their price target on TMX Group from C$38.00 to C$39.00 and gave the stock a sector perform rating in a report on Tuesday, April 30th. Finally, National Bankshares increased their price objective on shares of TMX Group from C$37.00 to C$40.00 and gave the company a sector perform rating in a research note on Tuesday, April 30th. Six equities research analysts have rated the stock with a hold rating and two have 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$39.88.

TMX Group Price Performance

Shares of TSE X opened at C$36.25 on Monday. The company has a market cap of C$10.03 billion, a PE ratio of 28.32, a P/E/G ratio of 12.65 and a beta of 0.39. The stock has a fifty day moving average price of C$35.67 and a 200 day moving average price of C$32.93. The company has a debt-to-equity ratio of 26.67, a current ratio of 1.00 and a quick ratio of 0.01. TMX Group has a 1-year low of C$28.32 and a 1-year high of C$37.59.

TMX Group (TSE:X) last posted its quarterly earnings results on Thursday, May 2nd. The company reported C$0.38 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.37 by C$0.01. The firm had revenue of C$345.90 million for the quarter, compared to the consensus estimate of C$338.61 million. TMX Group had a return on equity of 9.10% and a net margin of 12.28%. Sell-side analysts forecast that TMX Group will post 1.6194927 EPS for the current year.

TMX Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be issued a $0.19 dividend. This is a boost from TMX Group’s previous quarterly dividend of $0.18. The ex-dividend date is Thursday, May 16th. This represents a $0.76 annualized dividend and a yield of 2.10%. TMX Group’s dividend payout ratio (DPR) is currently 55.47%.

Insider Activity at TMX Group

In other news, Director Peter Alexander Conroy sold 13,965 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of C$36.19, for a total transaction of C$505,347.27. In other 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 transaction of C$534,744.80. Also, Director Peter Alexander Conroy sold 13,965 shares of TMX Group stock in a transaction on Monday, May 6th. The stock was sold at an average price of C$36.19, for a total transaction of C$505,347.27. Corporate insiders own 5.57% of the company’s stock.

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.