BMO Capital Markets Boosts TMX Group (TSE:X) Price Target to C$50.00

TMX Group (TSE:X) had its price objective lifted by BMO Capital Markets from C$46.00 to C$50.00 in a report released on Friday morning, BayStreet.CA reports.

X has been the subject of a number of other research reports. Barclays upped their price target on TMX Group from C$40.00 to C$42.00 in a research report on Friday, August 2nd. Scotiabank increased their price target on shares of TMX Group from C$39.00 to C$43.50 in a research note on Wednesday, July 24th. TD Securities upped their price target on TMX Group from C$42.00 to C$43.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Royal Bank of Canada raised 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 target price on 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 given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$44.81.

TMX Group Price Performance

TMX Group stock opened at C$43.74 on Friday. 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 has a one year low of C$28.52 and a one year high of C$45.92. The firm has a market capitalization of C$12.14 billion, a P/E ratio of 29.64, a PEG ratio of 12.65 and a beta of 0.43. The business has a fifty day moving average price of C$43.06 and a 200-day moving average price of C$40.10.

TMX Group (TSE:X) last posted its quarterly earnings data on Wednesday, October 30th. The company reported C$0.41 earnings per share for the quarter, topping the consensus estimate of C$0.40 by C$0.01. The company had revenue of C$353.80 million for 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 forecast that TMX Group will post 1.7708421 EPS for the current year.

TMX Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 29th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend is Friday, November 15th. TMX Group’s payout ratio is 50.34%.

Insider Activity at TMX Group

In other news, Senior Officer Jayakumar Rajarathinam sold 38,125 shares of the stock in a transaction that occurred 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 news, Director Elias Anastasopoulos sold 20,850 shares of the company’s 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. Also, Senior Officer Jayakumar Rajarathinam sold 38,125 shares of the firm’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. 1.15% of the stock is currently owned by insiders.

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.