TMX Group (TSE:X) Sets New 12-Month High at $43.48

TMX Group Limited (TSE:X) shares hit a new 52-week high during trading on Monday . The company traded as high as C$43.48 and last traded at C$43.39, with a volume of 21674 shares trading hands. The stock had previously closed at C$42.75.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on X shares. Royal Bank of Canada raised their price target on TMX Group from C$44.00 to C$46.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Barclays lifted their target price on TMX Group from C$40.00 to C$42.00 in a report on Friday, August 2nd. TD Securities lifted their target price on TMX Group from C$41.00 to C$42.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. CIBC lifted their target price on TMX Group from C$40.00 to C$43.00 in a report on Friday, July 19th. Finally, Scotiabank lifted their target price on TMX Group from C$39.00 to C$43.50 in a report on Wednesday, July 24th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of C$43.44.

TMX Group Price Performance

The stock has a 50 day moving average of C$41.35 and a two-hundred day moving average of C$37.95. The stock has a market cap of C$11.98 billion, a PE ratio of 29.08, a PEG ratio of 12.65 and a beta of 0.43. The company has a debt-to-equity ratio of 51.71, a quick ratio of 0.01 and a current ratio of 1.00.

TMX Group (TSE:X) last announced its quarterly earnings data on Wednesday, July 31st. The company reported C$0.43 EPS for the quarter, hitting analysts’ consensus estimates of C$0.43. TMX Group had a return on equity of 10.08% and a net margin of 13.39%. The firm had revenue of C$367.10 million during the quarter, compared to analyst estimates of C$361.44 million. Equities analysts anticipate that TMX Group Limited will post 1.5993304 EPS for the current year.

TMX Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 30th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.76 dividend on an annualized basis and a yield of 1.76%. TMX Group’s payout ratio is presently 50.34%.

Insiders Place Their Bets

In other news, Director Elias Anastasopoulos sold 20,850 shares of TMX Group stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of C$42.50, for a total transaction of C$886,125.00. In other news, Director Elias Anastasopoulos sold 20,850 shares of TMX Group stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of C$42.50, for a total transaction of C$886,125.00. Also, Senior Officer Jayakumar Rajarathinam sold 38,125 shares of TMX Group stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of C$41.44, for a total value of C$1,579,766.56. Corporate 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.