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

TMX Group Limited (TSE:X) has been given an average rating of “Moderate Buy” by the nine analysts that are currently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$60.67.

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

TMX Group Price Performance

Shares of X stock opened at C$48.19 on Tuesday. The firm has a market cap of C$13.41 billion, a price-to-earnings ratio of 32.34, a PEG ratio of 12.65 and a beta of -0.29. TMX Group has a 12 month low of C$44.10 and a 12 month high of C$57.98. The company has a quick ratio of 0.01, a current ratio of 1.00 and a debt-to-equity ratio of 45.58. The stock has a 50-day moving average price of C$47.91 and a 200 day moving average price of C$50.30.

TMX Group (TSE:X) last issued its earnings results 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%. Research analysts expect that TMX Group will post 1.7708421 EPS for the current year.

TMX Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 6th. Shareholders of record on Friday, March 6th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.0%. This is a boost from TMX Group’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, February 20th. TMX Group’s dividend payout ratio (DPR) is 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.