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

TMX Group Limited (TSE:X) has earned an average rating of “Moderate Buy” from the nine analysts that are covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$60.67.

A number of brokerages have recently issued reports on X. Barclays dropped their price target on shares of TMX Group from C$59.00 to C$52.00 and set an “equal weight” rating on the stock in a research note on Monday, February 9th. Raymond James Financial raised TMX Group from a “moderate buy” rating to a “strong-buy” rating and lifted their price objective for the company from C$59.00 to C$61.00 in a report on Monday, February 9th. Canaccord Genuity Group cut their target price on TMX Group from C$64.00 to C$61.00 and set a “buy” rating for the company in a research note on Monday, February 9th. Finally, Royal Bank Of Canada decreased their price target on TMX Group from C$67.00 to C$64.00 and set an “outperform” rating on the stock in a research note on Monday, February 9th.

TMX Group Price Performance

TMX Group stock opened at C$47.54 on Friday. The company has a debt-to-equity ratio of 45.58, a current ratio of 1.00 and a quick ratio of 0.01. The business has a 50 day simple moving average of C$48.92 and a 200-day simple moving average of C$51.15. TMX Group has a 12 month low of C$44.10 and a 12 month high of C$57.98. The stock has a market capitalization of C$13.23 billion, a PE ratio of 31.91, a price-to-earnings-growth ratio of 12.65 and a beta of -0.20.

TMX Group (TSE:X) last announced its quarterly earnings data on Thursday, February 5th. The company reported C$0.60 earnings per share (EPS) for the quarter. The company had revenue of C$457.80 million for the quarter. TMX Group had a net margin of 14.23% and a return on equity of 8.85%. Equities analysts predict that TMX Group will post 1.7708421 earnings per share for the current year.

TMX Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Friday, March 6th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, February 20th. This is an increase from TMX Group’s previous quarterly dividend of $0.22. TMX Group’s payout ratio is presently 56.38%.

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.