BMO Capital Markets Increases TMX Group (TSE:X) Price Target to C$46.00

TMX Group (TSE:X) had its price objective boosted by BMO Capital Markets from C$44.00 to C$46.00 in a report issued on Thursday, BayStreet.CA reports.

A number of other equities research analysts also recently weighed in on the stock. CIBC raised their price target on shares of TMX Group from C$40.00 to C$43.00 in a research note on Friday, July 19th. National Bankshares raised their price target on shares of TMX Group from C$40.00 to C$43.00 and gave the company a sector perform rating in a research note on Monday, July 29th. Barclays raised their price target on shares of TMX Group from C$40.00 to C$42.00 in a research note on Friday, August 2nd. TD Securities lifted their target price on shares of TMX Group from C$41.00 to C$42.00 and gave the stock a hold rating in a research report on Thursday, August 1st. Finally, Scotiabank lifted their target price on shares of TMX Group from C$39.00 to C$43.50 in a research report on Wednesday, July 24th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Hold and a consensus target price of C$43.69.

TMX Group Trading Down 0.1 %

Shares of TMX Group stock opened at C$42.46 on Thursday. The company has a market capitalization of C$11.79 billion, a price-to-earnings ratio of 28.88, a PEG ratio of 12.65 and a beta of 0.43. The company has a quick ratio of 0.01, a current ratio of 1.00 and a debt-to-equity ratio of 51.71. TMX Group has a 12-month low of C$28.52 and a 12-month high of C$44.28. The firm’s 50-day moving average price is C$42.60 and its two-hundred day moving average price is C$39.42.

TMX Group (TSE:X) last announced its quarterly earnings data on Wednesday, July 31st. The company reported C$0.43 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.43. The firm had revenue of C$367.10 million for the quarter, compared to the consensus estimate of C$361.44 million. TMX Group had a net margin of 13.39% and a return on equity of 10.08%. On average, analysts forecast that TMX Group will post 1.7708421 earnings per share for the current fiscal year.

TMX Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 30th were issued a dividend of $0.19 per share. The ex-dividend date was Friday, August 16th. This represents a $0.76 annualized dividend and a yield of 1.79%. TMX Group’s payout ratio is 50.34%.

Insiders Place Their Bets

In other TMX Group news, Director Elias Anastasopoulos sold 20,850 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of C$42.50, for a total transaction of C$886,125.00. In related news, Senior Officer Jayakumar Rajarathinam sold 38,125 shares of TMX Group stock in a transaction on Thursday, August 8th. The shares were sold at an average price of C$41.44, for a total value of C$1,579,766.56. Also, Director Elias Anastasopoulos sold 20,850 shares of TMX Group stock in a transaction on Thursday, August 29th. The stock was sold at an average price of C$42.50, for a total transaction of C$886,125.00. Company insiders own 1.15% of the company’s stock.

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.