TMX Group Limited (TSE:X) Receives Consensus Rating of “Hold” from Brokerages

TMX Group Limited (TSE:X) has been assigned a consensus rating of “Hold” from the eight ratings firms that are presently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$39.88.

Several brokerages have issued reports on X. BMO Capital Markets boosted their price target on shares of TMX Group from C$41.00 to C$42.00 in a report on Monday, May 6th. Scotiabank boosted their price target on shares of TMX Group from C$38.00 to C$39.00 and gave the company a “sector perform” rating in a report on Tuesday, April 30th. Canaccord Genuity Group set a C$44.00 price target on shares of TMX Group and gave the company a “buy” rating in a report on Friday, April 26th. Barclays boosted their price target on shares of TMX Group from C$35.00 to C$38.00 in a report on Monday, April 8th. Finally, National Bankshares boosted their target price on shares of TMX Group from C$37.00 to C$40.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 30th.

Insider Activity

In other 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 value of C$5,254,295.40. In related news, Director Peter Alexander Conroy sold 13,965 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of C$36.19, for a total transaction of C$505,347.27. Also, Senior Officer Cheryl Graden sold 146,115 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of C$35.96, for a total value of C$5,254,295.40. 1.15% of the stock is currently owned by company insiders.

TMX Group Trading Up 0.3 %

TSE:X opened at C$38.08 on Tuesday. TMX Group has a 12 month low of C$28.32 and a 12 month high of C$38.58. The company’s 50 day moving average is C$36.86 and its 200-day moving average is C$34.96. The firm has a market cap of C$10.55 billion, a price-to-earnings ratio of 26.08, a P/E/G ratio of 12.65 and a beta of 0.39. The company has a quick ratio of 0.01, a current ratio of 1.00 and a debt-to-equity ratio of 54.91.

TMX Group (TSE:X) last announced its earnings results on Thursday, May 2nd. The company reported C$0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.37 by C$0.01. TMX Group had a net margin of 13.67% and a return on equity of 10.16%. The business had revenue of C$345.90 million for the quarter, compared to analyst estimates of C$338.61 million. Equities analysts anticipate that TMX Group will post 1.6098304 EPS for the current year.

TMX Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were paid a $0.19 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This is a boost from TMX Group’s previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.00%. TMX Group’s dividend payout ratio is 50.00%.

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.