TMX Group (TSE:X) Price Target Raised to C$71.00 at Scotia

TMX Group (TSE:X) had its target price hoisted by Scotia from C$70.00 to C$71.00 in a report issued on Wednesday morning,BayStreet.CA reports. Scotia currently has a sector outperform rating on the stock.

Several other equities research analysts have also recently commented on X. National Bank Financial lifted their target price on TMX Group from C$63.00 to C$64.00 and gave the company a “sector perform” rating in a research note on Tuesday. Barclays lifted their target price on TMX Group from C$52.00 to C$59.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 8th. Raymond James Financial lifted their target price on TMX Group from C$61.00 to C$61.50 and gave the company a “strong-buy” rating in a research note on Friday, April 17th. Royal Bank Of Canada lifted their target price on TMX Group from C$64.00 to C$65.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Finally, Canaccord Genuity Group lowered 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. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, TMX Group currently has a consensus rating of “Moderate Buy” and a consensus target price of C$64.50.

TMX Group Trading Down 0.8%

X stock opened at C$55.27 on Wednesday. The business has a fifty day moving average price of C$50.25 and a 200 day moving average price of C$50.30. TMX Group has a fifty-two week low of C$44.10 and a fifty-two week high of C$57.98. The stock has a market capitalization of C$15.36 billion, a price-to-earnings ratio of 37.09, a P/E/G ratio of 12.65 and a beta of -0.34. The company has a debt-to-equity ratio of 44.08, a current ratio of 2.35 and a quick ratio of 0.01.

TMX Group (TSE:X) last released its earnings results on Thursday, February 5th. The company reported C$0.60 EPS for the quarter. The company had revenue of C$457.80 million during the quarter. TMX Group had a return on equity of 16.24% and a net margin of 25.78%. Analysts expect that TMX Group will post 1.7708421 EPS for the current fiscal year.

TMX Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, June 5th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.7%. TMX Group’s payout ratio is 56.38%.

Trending Headlines about TMX Group

Here are the key news stories impacting TMX Group this week:

• Positive Sentiment: Q1 results and acquisition — TMX reported a strong Q1 with net income of roughly $224.6M (about double last year) and earnings that beat estimates; management cited trading strength and the company announced a major acquisition that could boost future revenues. Article Title
• Positive Sentiment: Multiple analyst upgrades — Several banks raised price targets this week (Scotia to C$71, RBC to C$69, BMO to C$65, National Bank to C$64), mostly with “outperform”/”sector outperform” or “sector perform” ratings, implying meaningful upside from the current price and signaling increased analyst confidence. Article Title
• Positive Sentiment: Dividend announced — TMX declared a quarterly dividend of C$0.24 per share (annualized yield ~1.7%); ex-dividend date noted for late May with payment in early June, which supports income investors and signals confidence in cash flow.
• Negative Sentiment: Short-term pressure from profit-taking and valuation — Despite the positives, the stock is trading down today. Higher-than-average volume suggests selling pressure or rebalancing; the company’s valuation (P/E around 37 and a high PEG) may make some investors cautious, muting upside even after strong results and analyst upgrades.

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.