TMX Group (TSE:X) Sets New 12-Month Low – Time to Sell?

TMX Group Limited (TSE:X)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as C$45.93 and last traded at C$46.83, with a volume of 263201 shares traded. The stock had previously closed at C$46.99.

Analysts Set New Price Targets

X has been the topic of a number of recent analyst reports. Royal Bank Of Canada lifted their price objective on TMX Group from C$66.00 to C$67.00 in a research note on Wednesday, October 29th. Scotiabank set a C$70.00 price target on TMX Group and gave the company a “sector perform” rating in a report on Friday, October 24th. TD Securities raised shares of TMX Group from a “hold” rating to a “buy” rating and lifted their target price for the stock from C$58.00 to C$60.00 in a report on Wednesday, October 29th. Barclays reduced their price target on shares of TMX Group from C$60.00 to C$58.00 and set an “equal weight” rating for the company in a report on Wednesday, October 8th. Finally, National Bankshares boosted their price objective 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. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$61.11.

TMX Group Stock Performance

The company’s 50-day moving average price is C$51.27 and its two-hundred day moving average price is C$52.68. The company has a market capitalization of C$13.10 billion, a price-to-earnings ratio of 28.54, a PEG ratio of 12.65 and a beta of -0.20. The company has a debt-to-equity ratio of 47.49, a current ratio of 1.01 and a quick ratio of 0.01.

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

TMX Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 28th were issued a dividend of $0.22 per share. The ex-dividend date was Friday, November 14th. This represents a $0.88 annualized dividend and a yield of 1.9%. TMX Group’s 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.