TMX Group (TSE:X) Price Target Increased to C$41.00 by Analysts at TD Securities

TMX Group (TSE:X) had its target price lifted by TD Securities from C$37.00 to C$41.00 in a report issued on Monday morning, BayStreet.CA reports. They currently have a hold rating on the stock.

Other analysts have also recently issued research reports about the stock. Canaccord Genuity Group set a C$44.00 price objective on shares of TMX Group and gave the stock a buy rating in a research note on Friday, April 26th. CIBC raised their price objective on TMX Group from C$40.00 to C$43.00 in a research note on Friday, July 19th. Barclays boosted their target price on shares of TMX Group from C$38.00 to C$40.00 in a research report on Wednesday, July 10th. National Bankshares lifted their price target on TMX Group from C$37.00 to C$40.00 and gave the company a sector perform rating in a research note on Tuesday, April 30th. Finally, Scotiabank upped their price objective on TMX Group from C$38.00 to C$39.00 and gave the stock a sector perform rating in a research report on Tuesday, April 30th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of C$41.81.

TMX Group Price Performance

TSE:X opened at C$41.68 on Monday. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 54.91. The firm has a fifty day simple moving average of C$38.16 and a 200 day simple moving average of C$35.99. TMX Group has a 1-year low of C$28.32 and a 1-year high of C$42.09. The stock has a market capitalization of C$11.55 billion, a PE ratio of 28.55, a P/E/G ratio of 12.65 and a beta of 0.39.

TMX Group (TSE:X) last issued its earnings results on Thursday, May 2nd. The company reported C$0.38 EPS for the quarter, topping the consensus estimate of C$0.37 by C$0.01. The company had revenue of C$345.90 million during the quarter, compared to the consensus estimate of C$338.61 million. TMX Group had a return on equity of 10.16% and a net margin of 13.67%. On average, research analysts expect that TMX Group will post 1.6098304 EPS for the current fiscal year.

TMX Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 17th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.76 dividend on an annualized basis and a yield of 1.82%. This is a positive change from TMX Group’s previous quarterly dividend of $0.18. TMX Group’s payout ratio is currently 50.00%.

Insider Activity

In other TMX Group news, Senior Officer Cheryl Graden sold 146,115 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of C$35.96, for a total value of C$5,254,295.40. In related news, Director Peter Alexander Conroy sold 13,965 shares of TMX Group stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of C$36.19, for a total value of C$505,347.27. Also, Senior Officer Cheryl Graden sold 146,115 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of C$35.96, for a total value of C$5,254,295.40. Insiders own 1.15% of the company’s stock.

About TMX Group

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.