TMX Group Limited (TSE:X) Receives C$44.81 Average Price Target from Analysts

Shares of TMX Group Limited (TSE:X) have earned a consensus recommendation of “Hold” from the seven research firms that are covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$44.81.

A number of analysts have recently issued reports on the company. TD Securities lifted their target price on TMX Group from C$42.00 to C$43.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. National Bankshares lifted their target price on TMX Group from C$43.00 to C$44.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. BMO Capital Markets lifted their target price on TMX Group from C$46.00 to C$50.00 in a research report on Friday, November 1st. Finally, CIBC lifted their target price on TMX Group from C$43.00 to C$46.00 in a research report on Thursday, October 31st.

TMX Group Price Performance

X stock opened at C$44.13 on Friday. TMX Group has a 52-week low of C$29.44 and a 52-week high of C$45.92. The stock’s fifty day simple moving average is C$43.58 and its 200-day simple moving average is C$41.24. The company has a quick ratio of 0.01, a current ratio of 1.00 and a debt-to-equity ratio of 51.71. The stock has a market capitalization of C$12.25 billion, a price-to-earnings ratio of 29.78, a price-to-earnings-growth ratio of 12.65 and a beta of 0.43.

TMX Group (TSE:X) last issued its earnings results on Wednesday, October 30th. The company reported C$0.41 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.40 by C$0.01. TMX Group had a return on equity of 10.08% and a net margin of 13.39%. The firm had revenue of C$353.80 million for the quarter, compared to analysts’ expectations of C$356.24 million. Equities research analysts expect that TMX Group will post 1.7708421 EPS for the current year.

TMX Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 29th were given a $0.19 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.76 dividend on an annualized basis and a yield of 1.72%. TMX Group’s dividend payout ratio (DPR) is 50.34%.

TMX Group Company Profile

TMX Group Limited operates exchanges, markets, and clearinghouses primarily for capital markets in Canada, the United States, the United Kingdom, Germany, and internationally. It operates through four segments: Global Solutions, Insights & Analytics; Capital Formation; Derivatives Trading & Clearing; and Equities and Fixed Income Trading & Clearing.