TMX Group (TSE:X) Price Target Raised to C$37.00 at TD Securities

TMX Group (TSE:X) had its price objective increased by TD Securities from C$35.00 to C$37.00 in a report released on Monday morning, BayStreet.CA reports. They currently have a hold rating on the stock.

A number of other research firms have also recently weighed in on X. CIBC raised their price target on TMX Group from C$38.00 to C$40.00 and gave the company a neutral rating in a research note on Friday. BMO Capital Markets upgraded TMX Group from a market perform rating to an outperform rating and boosted their target price for the stock from C$36.00 to C$41.00 in a research note on Monday, March 25th. Canaccord Genuity Group set a C$44.00 price target on TMX Group and gave the company a buy rating in a report on Friday, April 26th. National Bankshares raised their price objective on shares of TMX Group from C$37.00 to C$40.00 and gave the stock a sector perform rating in a report on Tuesday, April 30th. Finally, Barclays boosted their price objective on shares of TMX Group from C$35.00 to C$38.00 in a research report on Monday, April 8th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Hold and an average target price of C$39.88.

TMX Group Stock Down 0.6 %

Shares of TSE:X opened at C$37.00 on Monday. The firm has a market capitalization of C$10.24 billion, a PE ratio of 28.91, a price-to-earnings-growth ratio of 12.65 and a beta of 0.39. TMX Group has a 1 year low of C$28.23 and a 1 year high of C$37.59. The company has a debt-to-equity ratio of 26.67, a current ratio of 1.00 and a quick ratio of 0.01. The firm’s 50-day moving average is C$35.57 and its two-hundred day moving average is C$32.83.

TMX Group (TSE:X) last posted its quarterly earnings data 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 business had revenue of C$345.90 million for the quarter, compared to analyst estimates of C$338.61 million. TMX Group had a return on equity of 9.10% and a net margin of 12.28%. Analysts predict that TMX Group will post 1.6194927 EPS for the current year.

TMX Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 31st will be paid a $0.19 dividend. This is an increase from TMX Group’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Thursday, May 16th. TMX Group’s dividend payout ratio (DPR) is presently 55.47%.

Insider Activity

In other TMX Group news, Senior Officer Jayakumar Rajarathinam sold 95,750 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of C$33.78, for a total transaction of C$3,234,636.08. In related news, Senior Officer Jayakumar Rajarathinam sold 95,750 shares of the stock in a transaction 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. Also, Senior Officer Luc Fortin sold 15,140 shares of TMX Group stock in a transaction dated Friday, March 1st. The stock was sold at an average price of C$35.32, for a total value of C$534,744.80. Company 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.