TMX Group (TSE:X) Shares Cross Above 200 Day Moving Average – Should You Sell?

TMX Group Limited (TSE:X)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$43.27 and traded as high as C$45.71. TMX Group shares last traded at C$45.38, with a volume of 163,795 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on X. National Bankshares upped their price target on shares of 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. BMO Capital Markets boosted their target price on shares of TMX Group from C$50.00 to C$62.00 in a research note on Thursday, December 5th. Barclays increased their price target on shares of TMX Group from C$45.00 to C$47.00 in a research note on Monday, December 9th. CIBC boosted their price objective on shares of TMX Group from C$43.00 to C$46.00 in a research report on Thursday, October 31st. Finally, TD Securities increased their price objective on 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. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of C$46.94.

TMX Group Price Performance

The company’s fifty day moving average is C$44.34 and its two-hundred day moving average is C$43.27. The company has a quick ratio of 0.01, a current ratio of 1.00 and a debt-to-equity ratio of 51.71. The firm has a market capitalization of C$12.60 billion, a price-to-earnings ratio of 30.87, a price-to-earnings-growth ratio of 12.65 and a beta of 0.43.

TMX Group (TSE:X) last posted its quarterly earnings results on Wednesday, October 30th. The company reported C$0.41 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.40 by C$0.01. TMX Group had a return on equity of 10.08% and a net margin of 13.39%. The company had revenue of C$353.80 million for the quarter, compared to the consensus estimate of C$356.24 million. Equities research analysts anticipate that TMX Group Limited will post 1.7708421 earnings per share for the current fiscal year.

TMX Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 29th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.67%. The ex-dividend date was Friday, November 15th. TMX Group’s payout ratio is 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.