TMX Group (TSE:X) PT Raised to C$38.00 at CIBC

TMX Group (TSE:X) had its price target upped by CIBC from C$35.00 to C$38.00 in a report published on Friday, BayStreet.CA reports.

X has been the topic of a number of other research reports. Royal Bank of Canada lifted their target price on TMX Group from C$34.00 to C$36.00 and gave the company a sector perform rating in a research report on Tuesday, February 6th. Barclays lifted their price objective on shares of TMX Group from C$35.00 to C$38.00 in a report on Monday, April 8th. TD Securities upped their target price on TMX Group from C$34.00 to C$35.00 and gave the stock a hold rating in a report on Wednesday, February 7th. National Bankshares upped their price target on shares of TMX Group to C$37.00 and gave the stock a sector perform rating in a research report on Monday, February 5th. Finally, BMO Capital Markets raised TMX Group from a market perform rating to an outperform rating and raised their price objective for the company from C$36.00 to C$41.00 in a research report on Monday, March 25th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, TMX Group presently has a consensus rating of Hold and a consensus price target of C$38.38.

TMX Group Price Performance

Shares of X opened at C$36.38 on Friday. TMX Group has a 1 year low of C$27.13 and a 1 year high of C$37.01. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 26.67. The stock has a market cap of C$10.06 billion, a P/E ratio of 28.42, a price-to-earnings-growth ratio of 12.65 and a beta of 0.39. The stock’s 50-day moving average price is C$35.25 and its two-hundred day moving average price is C$32.48.

TMX Group (TSE:X) last released its quarterly earnings results on Monday, February 5th. The company reported C$0.37 EPS for the quarter, hitting analysts’ consensus estimates of C$0.37. TMX Group had a return on equity of 9.10% and a net margin of 12.28%. The company had revenue of C$301.50 million for the quarter, compared to analyst estimates of C$300.05 million. On average, equities analysts predict that TMX Group will post 1.6194927 earnings per share for the current year.

TMX Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, March 8th were given a $0.18 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.98%. TMX Group’s payout ratio is 55.47%.

Insider Buying and Selling at TMX Group

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