TMX Group (TSE:X) Stock Price Crosses Above 200 Day Moving Average of $34.96

TMX Group Limited (TSE:X)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$34.96 and traded as high as C$38.58. TMX Group shares last traded at C$38.08, with a volume of 327,819 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Royal Bank of Canada reduced their target price on shares of TMX Group from C$40.00 to C$39.00 and set a “sector perform” rating on the stock in a report on Sunday, May 5th. Canaccord Genuity Group set a C$44.00 price objective on shares of TMX Group and gave the company a “buy” rating in a research note on Friday, April 26th. TD Securities upped their price objective on shares of TMX Group from C$35.00 to C$37.00 and gave the company a “hold” rating in a research note on Monday, May 6th. CIBC boosted their target price on shares of TMX Group from C$38.00 to C$40.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Finally, Scotiabank boosted their target price on shares of TMX Group from C$38.00 to C$39.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 30th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$39.88.

TMX Group Stock Performance

The company has a market cap of C$10.72 billion, a P/E ratio of 26.49, a price-to-earnings-growth ratio of 12.65 and a beta of 0.39. The company’s 50-day moving average is C$36.95 and its two-hundred day moving average is C$35.04. The company has a quick ratio of 0.01, a current ratio of 1.00 and a debt-to-equity ratio of 54.91.

TMX Group (TSE:X) last issued its earnings results on Thursday, May 2nd. The company reported C$0.38 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.37 by C$0.01. The firm had revenue of C$345.90 million during the quarter, compared to analyst estimates of C$338.61 million. TMX Group had a net margin of 13.67% and a return on equity of 10.16%. Equities analysts predict that TMX Group Limited will post 1.6098304 EPS for the current year.

TMX Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.96%. This is an increase from TMX Group’s previous quarterly dividend of $0.18. The ex-dividend date was Thursday, May 16th. TMX Group’s dividend payout ratio is presently 50.00%.

Insider Transactions at TMX Group

In other news, Senior Officer Cheryl Graden sold 146,115 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of C$35.96, for a total value of C$5,254,295.40. In related news, Director Peter Alexander Conroy sold 13,965 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of C$36.19, for a total value of C$505,347.27. Also, Senior Officer Cheryl Graden sold 146,115 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of C$35.96, for a total transaction of C$5,254,295.40. Insiders own 1.15% 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.