TMX Group (TSE:X) Share Price Passes Above Two Hundred Day Moving Average of $38.99

Shares of TMX Group Limited (TSE:X) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$38.99 and traded as high as C$42.99. TMX Group shares last traded at C$42.95, with a volume of 345,235 shares.

Analysts Set New Price Targets

A number of research analysts have weighed in on X shares. Royal Bank of Canada raised their price objective 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. Scotiabank raised their price target on shares of TMX Group from C$39.00 to C$43.50 in a research note on Wednesday, July 24th. CIBC upped their price objective on shares of TMX Group from C$40.00 to C$43.00 in a research note on Friday, July 19th. National Bankshares raised their target price on shares of 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, TD Securities upped their price target on TMX Group from C$41.00 to C$42.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of C$43.44.

TMX Group Stock Performance

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$11.92 billion, a PE ratio of 29.22, a price-to-earnings-growth ratio of 12.65 and a beta of 0.43. The firm has a 50-day moving average price of C$42.44 and a 200 day moving average price of C$38.99.

TMX Group (TSE:X) last posted its quarterly earnings data on Wednesday, July 31st. The company reported C$0.43 EPS for the quarter, meeting the consensus estimate of C$0.43. The business had revenue of C$367.10 million during the quarter, compared to analyst estimates of C$361.44 million. TMX Group had a net margin of 13.39% and a return on equity of 10.08%. Research analysts expect that TMX Group Limited will post 1.789864 earnings per share for the current year.

TMX Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 30th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend was Friday, August 16th. TMX Group’s dividend payout ratio is currently 50.34%.

Insider Buying and Selling

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