TMX Group Limited (TSE:X) Receives Average Recommendation of “Hold” from Analysts

Shares of TMX Group Limited (TSE:X) have received an average rating of “Hold” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$36.57.

X has been the topic of a number of research analyst reports. Royal Bank of Canada boosted their price objective on shares of 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. National Bankshares boosted their price objective on shares of TMX Group to C$37.00 and gave the stock a “sector perform” rating in a report on Monday, February 5th. TD Securities upped their price target on shares of TMX Group from C$34.00 to C$35.00 and gave the company a “hold” rating in a report on Wednesday, February 7th. CIBC upped their price target on shares of TMX Group from C$34.00 to C$35.00 and gave the company a “neutral” rating in a report on Wednesday, February 7th. Finally, Scotiabank upped their price target on shares of TMX Group from C$36.00 to C$38.00 and gave the company a “sector perform” rating in a report on Wednesday, February 7th.

TMX Group Trading Down 2.0 %

Shares of TMX Group stock opened at C$35.73 on Friday. TMX Group has a 52-week low of C$26.73 and a 52-week high of C$36.93. The company has a quick ratio of 0.01, a current ratio of 1.00 and a debt-to-equity ratio of 26.67. The company’s 50-day simple moving average is C$34.30 and its 200-day simple moving average is C$31.53. The firm has a market cap of C$9.88 billion, a price-to-earnings ratio of 27.91, a price-to-earnings-growth ratio of 12.65 and a beta of 0.39.

TMX Group (TSE:X) last released its quarterly earnings data on Monday, February 5th. The company reported C$0.37 EPS for the quarter, hitting analysts’ consensus estimates of C$0.37. The firm had revenue of C$301.50 million for the quarter, compared to the consensus estimate of C$300.05 million. TMX Group had a net margin of 12.28% and a return on equity of 9.10%. As a group, equities research analysts anticipate that TMX Group will post 1.6204276 earnings per share for the current year.

TMX Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, March 8th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend was Thursday, February 22nd. TMX Group’s payout ratio is 55.47%.

Insider Activity at TMX Group

In related news, Senior Officer Luc Fortin sold 15,140 shares of the company’s stock in a transaction that occurred 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 related news, Senior Officer Luc Fortin sold 15,140 shares of the company’s stock in a transaction that occurred 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. Also, Senior Officer Jayakumar Rajarathinam sold 95,750 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of C$33.78, for a total transaction of C$3,234,636.08. Insiders own 5.57% of the company’s stock.

About TMX Group

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.