TMX Group (TSE:X) Shares Cross Above 200-Day Moving Average of $38.62

TMX Group Limited (TSE:X)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$38.62 and traded as high as C$43.58. TMX Group shares last traded at C$43.56, with a volume of 1,044,222 shares changing hands.

Wall Street Analysts Forecast Growth

X has been the subject of a number of research analyst reports. TD Securities increased their target price on shares of TMX Group from C$41.00 to C$42.00 and gave the company a “hold” rating in a report on Thursday, August 1st. BMO Capital Markets lifted their price objective on TMX Group from C$42.00 to C$44.00 in a report on Wednesday, July 10th. Royal Bank of Canada upped their target price on TMX Group from C$44.00 to C$46.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. National Bankshares lifted their price target on TMX Group from C$40.00 to C$43.00 and gave the stock a “sector perform” rating in a research note on Monday, July 29th. Finally, Barclays increased their price objective on shares of TMX Group from C$40.00 to C$42.00 in a research note on Friday, August 2nd. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, TMX Group currently has an average rating of “Hold” and an average price target of C$43.44.

TMX Group Stock Performance

The company has a market cap of C$12.09 billion, a PE ratio of 29.63, a P/E/G ratio of 12.65 and a beta of 0.43. The stock’s 50 day simple moving average is C$42.27 and its two-hundred day simple moving average is C$38.62. The company has a quick ratio of 0.01, a current ratio of 1.00 and a debt-to-equity ratio of 51.71.

TMX Group (TSE:X) last announced its quarterly earnings results on Wednesday, July 31st. The company reported C$0.43 EPS for the quarter, hitting the consensus estimate of C$0.43. The company had revenue of C$367.10 million during the quarter, compared to analyst estimates of C$361.44 million. TMX Group had a return on equity of 10.08% and a net margin of 13.39%. As a group, research analysts anticipate that TMX Group Limited will post 1.7915137 earnings per share for the current year.

TMX Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 30th were issued a $0.19 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.76 annualized dividend and a yield of 1.74%. TMX Group’s dividend payout ratio is currently 50.34%.

Insider Transactions at TMX Group

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

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.