TMX Group Limited (TSE:X) Receives C$61.11 Average PT from Analysts

TMX Group Limited (TSE:X) has received an average recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$61.11.

X has been the subject of several analyst reports. National Bankshares lifted their price target on shares of TMX Group from C$59.00 to C$60.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 28th. Royal Bank Of Canada raised their price objective on shares of TMX Group from C$66.00 to C$67.00 in a research note on Wednesday, October 29th. TD Securities upgraded shares of TMX Group from a “hold” rating to a “buy” rating and upped their target price for the company from C$58.00 to C$60.00 in a research report on Wednesday, October 29th. Raymond James Financial cut their price target on TMX Group from C$62.50 to C$59.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 28th. Finally, Scotiabank set a C$70.00 price objective on TMX Group and gave the stock a “sector perform” rating in a research note on Friday, October 24th.

TMX Group Stock Up 1.0%

TSE X opened at C$51.59 on Monday. The stock has a market capitalization of C$14.35 billion, a P/E ratio of 31.27, a price-to-earnings-growth ratio of 12.65 and a beta of -0.22. TMX Group has a 52 week low of C$44.18 and a 52 week high of C$57.98. The company has a debt-to-equity ratio of 47.49, a quick ratio of 0.01 and a current ratio of 1.01. The stock has a fifty day moving average of C$51.52 and a 200-day moving average of C$53.12.

TMX Group (TSE:X) last issued its quarterly earnings results on Monday, October 27th. The company reported C$0.43 earnings per share (EPS) for the quarter. The business had revenue of C$418.60 million for the quarter. TMX Group had a return on equity of 3.37% and a net margin of 25.80%. On average, equities research analysts forecast that TMX Group will post 1.7708421 EPS for the current year.

TMX Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 28th were paid a $0.22 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.7%. TMX Group’s dividend payout ratio is 49.09%.

About TMX Group

TMX Group Ltd is a company that operates several global markets to provide investment opportunities for its clients. TMX Group’s key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, and Trayport, which provides listing markets, trading markets, clearing facilities, depository services, technology solutions, data products, and other services to the global financial community.