TMX Group Limited (TSE:X) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of TMX Group Limited (TSE:X) have received a consensus recommendation of “Moderate Buy” from the nine research firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$65.28.

Several research firms have recently commented on X. Barclays boosted their price target on shares of TMX Group from C$58.00 to C$59.00 in a report on Thursday, July 9th. Canaccord Genuity Group lifted their price objective on TMX Group from C$63.00 to C$64.00 and gave the company a “buy” rating in a research report on Monday, June 15th. Raymond James Financial lowered their target price on TMX Group from C$65.25 to C$64.50 and set a “strong-buy” rating on the stock in a research note on Friday, July 31st. Royal Bank Of Canada raised their price target on TMX Group from C$69.00 to C$71.00 and gave the stock an “outperform” rating in a research note on Monday, June 15th. Finally, National Bank Financial upgraded shares of TMX Group from a “hold” rating to an “outperform” rating and reduced their target price for the company from C$65.00 to C$63.00 in a research note on Monday, July 27th.

Insiders Place Their Bets

In other TMX Group news, insider Cheryl Graden sold 17,000 shares of the business’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of C$54.14, for a total value of C$920,380.00. Insiders sold 41,735 shares of company stock worth $2,268,124 in the last 90 days. 1.15% of the stock is owned by company insiders.

TMX Group Price Performance

TSE X opened at C$54.36 on Tuesday. The company has a 50 day simple moving average of C$52.57 and a 200-day simple moving average of C$51.21. The company has a debt-to-equity ratio of 41.81, a current ratio of 2.76 and a quick ratio of 0.01. The firm has a market capitalization of C$14.97 billion, a price-to-earnings ratio of 25.05, a price-to-earnings-growth ratio of 12.65 and a beta of -0.14. TMX Group has a 52-week low of C$44.10 and a 52-week high of C$57.27.

TMX Group (TSE:X) last announced its quarterly earnings data on Thursday, July 30th. The company reported C$0.62 EPS for the quarter. The firm had revenue of C$487.50 million for the quarter. TMX Group had a net margin of 32.55% and a return on equity of 3.81%. Equities research analysts predict that TMX Group will post 1.7708421 earnings per share for the current fiscal year.

TMX Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 28th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, August 14th. This is a boost from TMX Group’s previous quarterly dividend of $0.24. TMX Group’s dividend payout ratio (DPR) is presently 42.40%.

TMX Group Company Profile

TMX Group operates global markets, and builds digital communities and analytic solutions that facilitate the funding, growth and success of businesses, traders and investors. TMX Group’s key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, TSX Trust, TMX Trayport, TMX Datalinx, TMX VettaFi and TMX Newsfile, which provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community.