TMX Group (TSE:X) Price Target Raised to C$44.00 at National Bankshares

TMX Group (TSE:X) had its price target raised by National Bankshares from C$43.00 to C$44.00 in a research note released on Wednesday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.

Several other equities research analysts have also recently commented on X. Royal Bank of Canada boosted their price target on shares of TMX Group from C$44.00 to C$46.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. TD Securities increased their price target 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. Scotiabank raised their price target on TMX Group from C$39.00 to C$43.50 in a research note on Wednesday, July 24th. Barclays upped their price objective on TMX Group from C$40.00 to C$42.00 in a research note on Friday, August 2nd. Finally, CIBC raised their target price on shares of TMX Group from C$40.00 to C$43.00 in a research note on Friday, July 19th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of C$44.81.

TMX Group Stock Up 0.1 %

Shares of TMX Group stock opened at C$43.52 on Wednesday. The firm has a market cap of C$12.08 billion, a PE ratio of 29.61, a P/E/G ratio of 12.65 and a beta of 0.43. The business’s 50 day simple moving average is C$43.06 and its 200 day simple moving average is C$40.10. The company has a debt-to-equity ratio of 51.71, a quick ratio of 0.01 and a current ratio of 1.00. TMX Group has a 52-week low of C$28.52 and a 52-week high of C$45.92.

TMX Group (TSE:X) last posted its quarterly earnings data on Wednesday, October 30th. The company reported C$0.41 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of C$356.24 million. TMX Group had a net margin of 13.39% and a return on equity of 10.08%. On average, analysts predict that TMX Group will post 1.7708421 earnings per share for the current fiscal year.

TMX Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date is Friday, November 15th. TMX Group’s payout ratio is presently 50.34%.

Insider Activity at TMX Group

In other news, Senior Officer Jayakumar Rajarathinam sold 38,125 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of C$41.44, for a total transaction of C$1,579,766.56. 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 transaction of C$1,579,766.56. Also, Director Elias Anastasopoulos sold 20,850 shares of TMX Group stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of C$42.50, for a total value of C$886,125.00. 1.15% of the stock is owned by company insiders.

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.