TMX Group (TSE:X) Stock Price Expected to Rise, TD Securities Analyst Says

TMX Group (TSE:X) had its price target upped by TD Securities from C$44.00 to C$45.00 in a report published on Thursday,BayStreet.CA reports. The firm currently has a hold rating on the stock.

Several other equities research analysts also recently weighed in on the stock. Barclays upped their target price on shares of TMX Group from C$45.00 to C$47.00 in a research note on Monday, December 9th. National Bankshares increased their price objective on 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. BMO Capital Markets boosted their target price on TMX Group from C$50.00 to C$62.00 in a research note on Thursday, December 5th. Finally, CIBC increased their price target on TMX Group from C$43.00 to C$46.00 in a research report on Thursday, October 31st. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of C$47.19.

TMX Group Trading Up 0.9 %

Shares of TSE X opened at C$45.77 on Thursday. The stock has a fifty day simple moving average of C$44.38 and a 200-day simple moving average of C$43.31. TMX Group has a twelve month low of C$33.19 and a twelve month high of C$46.31. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 51.71. The stock has a market capitalization of C$12.71 billion, a PE ratio of 31.14, a PEG ratio of 12.65 and a beta of 0.43.

TMX Group (TSE:X) last issued its quarterly earnings results 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 company had revenue of C$353.80 million for the quarter, compared to analyst estimates of C$356.24 million. TMX Group had a net margin of 13.39% and a return on equity of 10.08%. On average, equities analysts forecast that TMX Group will post 1.7708421 earnings per share for the current year.

TMX Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 29th were issued a $0.19 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.66%. TMX Group’s payout ratio is currently 50.34%.

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.