TMX Group Limited (TSE:X) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of TMX Group Limited (TSE:X) have been given a consensus recommendation of “Moderate Buy” by the nine research firms that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is C$60.67.

A number of research analysts have commented on the company. National Bankshares boosted their price objective on TMX Group from C$59.00 to C$60.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 28th. Scotiabank set a C$70.00 price target on TMX Group and gave the stock a “sector perform” rating in a report on Friday, October 24th. Canaccord Genuity Group dropped their target price on shares of TMX Group from C$64.00 to C$61.00 and set a “buy” rating on the stock in a report on Monday. TD Securities upgraded shares of TMX Group from a “hold” rating to a “buy” rating and boosted their price target for the stock from C$58.00 to C$60.00 in a research report on Wednesday, October 29th. Finally, Raymond James Financial upgraded TMX Group from an “outperform” rating to a “strong-buy” rating and increased their price objective for the company from C$59.00 to C$61.00 in a research report on Monday.

TMX Group Trading Up 1.6%

X stock traded up C$0.72 during trading on Monday, reaching C$46.14. 462,758 shares of the stock traded hands, compared to its average volume of 632,846. The firm has a market capitalization of C$12.84 billion, a PE ratio of 27.96, a P/E/G 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. The business’s 50 day moving average price is C$50.96 and its 200-day moving average price is C$52.47. TMX Group has a 52-week low of C$44.82 and a 52-week high of C$57.98.

TMX Group (TSE:X) last released its quarterly earnings data on Thursday, February 5th. The company reported C$0.60 earnings per share for the quarter. TMX Group had a return on equity of 3.37% and a net margin of 25.80%.The business had revenue of C$457.80 million for the quarter. As a group, sell-side analysts forecast that TMX Group will post 1.7708421 earnings per share for the current year.

TMX Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 28th were given 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 1.9%. TMX Group’s dividend payout ratio (DPR) is currently 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.