TMX Group (TSE:X) PT Raised to C$43.00

TMX Group (TSE:X) had its price objective hoisted by equities researchers at TD Securities from C$42.00 to C$43.00 in a report issued on Monday, BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD Securities’ target price would indicate a potential downside of 1.92% from the stock’s previous close.

X has been the subject of a number of other reports. Scotiabank increased their price target on TMX Group from C$39.00 to C$43.50 in a report on Wednesday, July 24th. National Bankshares increased 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. BMO Capital Markets boosted their price target on shares of TMX Group from C$44.00 to C$46.00 in a research note on Thursday, October 10th. Barclays upped their price objective on shares of TMX Group from C$40.00 to C$42.00 in a report on Friday, August 2nd. Finally, CIBC lifted their target price on shares of TMX Group from C$40.00 to C$43.00 in a report on Friday, July 19th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$43.81.

TMX Group Price Performance

TMX Group stock opened at C$43.84 on Monday. The company has a 50-day moving average price of C$42.98 and a 200 day moving average price of C$39.95. TMX Group has a 12-month low of C$28.52 and a 12-month high of C$44.28. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 51.71. The stock has a market cap of C$12.17 billion, a P/E ratio of 29.82, a PEG ratio of 12.65 and a beta of 0.43.

TMX Group (TSE:X) last released its quarterly earnings data on Wednesday, July 31st. The company reported C$0.43 EPS for the quarter, meeting analysts’ consensus estimates of C$0.43. The firm had revenue of C$367.10 million for the quarter, compared to analysts’ expectations of C$361.44 million. TMX Group had a return on equity of 10.08% and a net margin of 13.39%. Sell-side analysts anticipate that TMX Group will post 1.7708421 earnings per share for the current year.

Insider Transactions at TMX Group

In other TMX Group news, Senior Officer Jayakumar Rajarathinam sold 38,125 shares of the stock in a transaction dated 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. In other news, Senior Officer Jayakumar Rajarathinam sold 38,125 shares of the firm’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 business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of C$42.50, for a total transaction of C$886,125.00. Corporate 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.