TD Securities Raises TMX Group (TSE:X) Price Target to C$41.00

TMX Group (TSE:X) had its price target increased by TD Securities from C$37.00 to C$41.00 in a research report sent to investors on Monday, BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

Other equities research analysts also recently issued reports about the company. Royal Bank of Canada cut their price target on TMX Group from C$40.00 to C$39.00 and set a sector perform rating on the stock in a research report on Sunday, May 5th. Barclays raised their target price on TMX Group from C$38.00 to C$40.00 in a report on Wednesday, July 10th. CIBC boosted their price target on TMX Group from C$40.00 to C$43.00 in a report on Friday, July 19th. Scotiabank lifted their target price on shares of TMX Group from C$38.00 to C$39.00 and gave the company a sector perform rating in a report on Tuesday, April 30th. Finally, National Bankshares increased their price target on shares of TMX Group from C$37.00 to C$40.00 and gave the stock a sector perform rating in a 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 MarketBeat, the stock has an average rating of Hold and an average target price of C$41.81.

TMX Group Trading Down 0.3 %

Shares of TSE:X opened at C$41.68 on Monday. The business’s 50-day moving average is C$38.16 and its 200 day moving average is C$35.99. The company has a debt-to-equity ratio of 54.91, a current ratio of 1.00 and a quick ratio of 0.01. TMX Group has a 1 year low of C$28.32 and a 1 year high of C$42.09. The firm has a market capitalization of C$11.55 billion, a P/E ratio of 28.55, a P/E/G ratio of 12.65 and a beta of 0.39.

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

TMX Group Increases Dividend

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

Insider Buying and Selling at TMX Group

In related news, Director Peter Alexander Conroy sold 13,965 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of C$36.19, for a total transaction of C$505,347.27. In other news, Senior Officer Cheryl Graden sold 146,115 shares of the firm’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. Also, Director Peter Alexander Conroy sold 13,965 shares of TMX Group stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of C$36.19, for a total transaction of C$505,347.27. 1.15% of the stock is currently owned by company insiders.

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.