TMX Group (TSE:X) Share Price Passes Above 200 Day Moving Average – Time to Sell?

TMX Group Limited (TSE:X)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$40.77 and traded as high as C$43.81. TMX Group shares last traded at C$43.47, with a volume of 335,186 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on X. BMO Capital Markets lifted their price target on shares of TMX Group from C$46.00 to C$50.00 in a research report on Friday, November 1st. Barclays upped their target price on shares of TMX Group from C$40.00 to C$42.00 in a report on Friday, August 2nd. TD Securities increased their target price on shares of TMX Group from C$42.00 to C$43.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Royal Bank of Canada boosted their price target on shares of TMX Group from C$44.00 to C$46.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Finally, CIBC lifted their price objective on shares of TMX Group from C$43.00 to C$46.00 in a report on Thursday, October 31st. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, TMX Group currently has an average rating of “Hold” and an average target price of C$44.81.

TMX Group Trading Up 0.6 %

The company has a debt-to-equity ratio of 51.71, a current ratio of 1.00 and a quick ratio of 0.01. The company has a market cap of C$12.22 billion, a P/E ratio of 29.95, a P/E/G ratio of 12.65 and a beta of 0.43. The stock’s 50-day moving average is C$43.49 and its two-hundred day moving average is C$40.88.

TMX Group (TSE:X) last announced its quarterly earnings data on Wednesday, October 30th. The company reported C$0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.40 by C$0.01. The firm had revenue of C$353.80 million during the quarter, compared to analysts’ expectations of C$356.24 million. TMX Group had a net margin of 13.39% and a return on equity of 10.08%. As a group, equities research analysts predict that TMX Group Limited will post 1.7708421 earnings per share for the current fiscal year.

TMX Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 29th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.76 annualized dividend and a yield of 1.73%. TMX Group’s payout ratio is 50.34%.

Insiders Place Their Bets

In other news, Director Elias Anastasopoulos sold 20,850 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of C$42.50, for a total value of C$886,125.00. Corporate 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.