TMX Group Limited (TSE:X) Receives Consensus Rating of “Hold” from Brokerages

Shares of TMX Group Limited (TSE:X) have earned a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$44.81.

Several research firms have weighed in on X. CIBC lifted their target price on TMX Group from C$43.00 to C$46.00 in a research note on Thursday, October 31st. National Bankshares upped their price objective on shares of TMX Group from C$43.00 to C$44.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. TD Securities increased their target price on shares of 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. Finally, BMO Capital Markets boosted their price target on shares of TMX Group from C$46.00 to C$50.00 in a report on Friday, November 1st.

TMX Group Price Performance

TSE X opened at C$44.13 on Friday. The stock has a market capitalization of C$12.25 billion, a P/E ratio of 29.78, a P/E/G ratio of 12.65 and a beta of 0.43. TMX Group has a 1 year low of C$29.44 and a 1 year high of C$45.92. The business’s fifty day moving average is C$43.58 and its two-hundred day moving average is C$41.24. The company has a debt-to-equity ratio of 51.71, a quick ratio of 0.01 and a current ratio of 1.00.

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

TMX Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 29th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend was Friday, November 15th. TMX Group’s payout ratio is presently 50.34%.

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.