TMX Group (TSE:X) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

TMX Group Limited (TSE:X)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$42.59 and traded as high as C$44.17. TMX Group shares last traded at C$43.84, with a volume of 280,162 shares traded.

Wall Street Analysts Forecast Growth

X has been the subject of a number of analyst reports. Barclays raised their price target on TMX Group from C$45.00 to C$47.00 in a report on Monday, December 9th. BMO Capital Markets raised their target price on TMX Group from C$50.00 to C$62.00 in a research note on Thursday, December 5th. CIBC upped their price target on TMX Group from C$43.00 to C$46.00 in a research report on Thursday, October 31st. National Bankshares raised their price target on TMX Group from C$43.00 to C$44.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Finally, TD Securities raised 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. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of C$46.94.

TMX Group Trading Down 0.5 %

The firm has a market capitalization of C$12.17 billion, a P/E ratio of 29.82, a P/E/G ratio of 12.65 and a beta of 0.43. 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 50 day simple moving average of C$44.20 and a 200-day simple moving average of C$42.59.

TMX Group (TSE:X) last issued 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 firm had revenue of C$353.80 million during 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, equities research analysts forecast that TMX Group Limited will post 1.7708421 EPS for the current fiscal year.

TMX Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 29th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend was Friday, November 15th. TMX Group’s dividend payout ratio (DPR) is 50.34%.

About TMX Group

TMX Group Ltd is a company that operates several global markets to provide investment opportunities for its clients. TMX Group’s key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, and Trayport, which provides listing markets, trading markets, clearing facilities, depository services, technology solutions, data products, and other services to the global financial community.