TMX Group (TSE:X) Hits New 12-Month High – Still a Buy?

TMX Group Limited (TSE:X)’s share price reached a new 52-week high on Monday . The company traded as high as C$49.95 and last traded at C$49.91, with a volume of 8520 shares. The stock had previously closed at C$49.78.

Wall Street Analyst Weigh In

X has been the subject of several recent research reports. National Bankshares lifted their price target on TMX Group from C$43.00 to C$44.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. TD Securities lifted their target price on TMX Group from C$44.00 to C$45.00 and gave the stock a “hold” rating in a report on Thursday, January 30th. CIBC boosted their target price on TMX Group from C$43.00 to C$46.00 in a research report on Thursday, October 31st. BMO Capital Markets raised their price target on TMX Group from C$50.00 to C$62.00 in a research report on Thursday, December 5th. Finally, Barclays boosted their price objective on shares of TMX Group from C$45.00 to C$47.00 in a research report on Monday, December 9th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of C$47.19.

TMX Group Stock Performance

The firm has a market capitalization of C$13.68 billion, a P/E ratio of 33.53, a P/E/G ratio of 12.65 and a beta of 0.43. The firm has a 50-day moving average price of C$45.05 and a two-hundred day moving average price of C$43.71. The company has a debt-to-equity ratio of 51.71, a current ratio of 1.00 and a quick ratio of 0.01.

TMX Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, March 7th will be issued a dividend of $0.20 per share. This is a positive change from TMX Group’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.80 dividend on an annualized basis and a yield of 1.62%. TMX Group’s dividend payout ratio (DPR) is presently 50.34%.

Insider Buying and Selling at TMX Group

In other TMX Group news, Senior Officer Jayakumar Rajarathinam sold 40,000 shares of TMX Group stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of C$49.49, for a total transaction of C$1,979,776.00. 1.15% of the stock is owned by corporate insiders.

TMX Group Company Profile

TMX Group Ltd is a company that operates several global markets to provide investment opportunities for its clients. TMX Group’s key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, and Trayport, which provides listing markets, trading markets, clearing facilities, depository services, technology solutions, data products, and other services to the global financial community.