TMX Group (TSE:X) Reaches New 12-Month High at $42.86

TMX Group Limited (TSE:X) shares reached a new 52-week high during trading on Friday . The stock traded as high as C$42.86 and last traded at C$42.81, with a volume of 109251 shares traded. The stock had previously closed at C$42.31.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Royal Bank of Canada lifted their target price on TMX Group from C$44.00 to C$46.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. TD Securities lifted their target price on TMX Group from C$41.00 to C$42.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. Barclays lifted their target price on TMX Group from C$40.00 to C$42.00 in a research note on Friday, August 2nd. CIBC lifted their target price on TMX Group from C$40.00 to C$43.00 in a research note on Friday, July 19th. Finally, National Bankshares lifted their target price on 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. Five 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 has a consensus rating of “Hold” and an average target price of C$43.44.

TMX Group Stock Performance

The company has a market capitalization of C$11.93 billion, a price-to-earnings ratio of 29.24, a PEG ratio of 12.65 and a beta of 0.43. The stock has a fifty day moving average price of C$40.76 and a two-hundred day moving average price of C$37.55. 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 (TSE:X) last released its quarterly earnings results on Wednesday, July 31st. The company reported C$0.43 earnings per share for the quarter, hitting analysts’ consensus estimates of C$0.43. TMX Group had a return on equity of 10.08% and a net margin of 13.39%. The company had revenue of C$367.10 million during the quarter, compared to analysts’ expectations of C$361.44 million. As a group, analysts forecast that TMX Group Limited will post 1.6003781 EPS for the current fiscal year.

TMX Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 30th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $0.76 annualized dividend and a yield of 1.77%. TMX Group’s payout ratio is currently 50.34%.

Insider Activity at TMX Group

In related news, Senior Officer Jayakumar Rajarathinam sold 38,125 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of C$41.44, for a total value of C$1,579,766.56. In other TMX Group news, Senior Officer Cheryl Graden sold 146,115 shares of the company’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of C$35.96, for a total transaction of C$5,254,295.40. Also, Senior Officer Jayakumar Rajarathinam sold 38,125 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of C$41.44, for a total value of C$1,579,766.56. 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.