TMX Group (TSE:X) PT Raised to C$39.00 at Scotiabank

TMX Group (TSE:X) had its price target upped by Scotiabank from C$38.00 to C$39.00 in a research report report published on Tuesday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.

Several other analysts also recently weighed in on X. Royal Bank of Canada increased their target price on TMX Group from C$36.00 to C$38.00 and gave the company a sector perform rating in a research note on Monday, April 29th. National Bankshares upped their target price 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. BMO Capital Markets upgraded shares of TMX Group from a market perform rating to an outperform rating and raised their price target for the stock from C$36.00 to C$41.00 in a research report on Monday, March 25th. CIBC upped their price objective on shares of TMX Group from C$35.00 to C$38.00 in a research report on Friday, April 26th. Finally, Barclays lifted their target price on TMX Group from C$35.00 to C$38.00 in a research report on Monday, April 8th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, TMX Group currently has an average rating of Hold and a consensus price target of C$39.38.

TMX Group Price Performance

TSE X opened at C$37.21 on Tuesday. The company has a 50 day simple moving average of C$35.45 and a 200-day simple moving average of C$32.69. TMX Group has a 52-week low of C$27.74 and a 52-week high of C$37.59. The firm has a market capitalization of C$10.29 billion, a price-to-earnings ratio of 29.07, a price-to-earnings-growth ratio of 12.65 and a beta of 0.39. 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 (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 return on equity of 9.10% and a net margin of 12.28%. Equities research analysts predict that TMX Group will post 1.6194927 earnings per share for the current fiscal year.

TMX Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 31st will be given a dividend of $0.19 per share. This is a positive change from TMX Group’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend is Thursday, May 16th. TMX Group’s payout ratio is 55.47%.

Insiders Place Their Bets

In related news, Senior Officer Jayakumar Rajarathinam sold 95,750 shares of the firm’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. In other news, Senior Officer Luc Fortin sold 15,140 shares of the business’s stock in a transaction on Friday, March 1st. The shares were 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 the stock in a transaction dated 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. Corporate 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.