TMX Group Limited (TSE:X) Given Average Recommendation of “Hold” by Analysts

TMX Group Limited (TSE:X) has been given a consensus rating of “Hold” by the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$46.94.

Several analysts have issued reports on the company. National Bankshares boosted their price objective on TMX Group from C$43.00 to C$44.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. CIBC raised their price objective on shares of TMX Group from C$43.00 to C$46.00 in a research note on Thursday, October 31st. BMO Capital Markets lifted their price objective on shares of TMX Group from C$50.00 to C$62.00 in a research report on Thursday, December 5th. Barclays increased their target price on TMX Group from C$45.00 to C$47.00 in a report on Monday, December 9th. Finally, TD Securities lifted their price target on TMX Group from C$42.00 to C$43.00 and gave the company a “hold” rating in a report on Monday, October 28th.

TMX Group Price Performance

Shares of TSE:X opened at C$44.62 on Friday. The stock has a market cap of C$12.39 billion, a price-to-earnings ratio of 30.35, a PEG ratio of 12.65 and a beta of 0.43. The company has a debt-to-equity ratio of 51.71, a current ratio of 1.00 and a quick ratio of 0.01. TMX Group has a 12 month low of C$31.92 and a 12 month high of C$45.92. The stock’s 50 day moving average price is C$44.15 and its 200 day moving average price is C$42.88.

TMX Group (TSE:X) last released its earnings results on Wednesday, October 30th. The company reported C$0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.40 by C$0.01. TMX Group had a return on equity of 10.08% and a net margin of 13.39%. The firm had revenue of C$353.80 million for the quarter, compared to analyst estimates of C$356.24 million. Equities research analysts anticipate that TMX Group will post 1.7708421 earnings per share for the current fiscal year.

TMX Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 29th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.76 annualized dividend and a yield of 1.70%. TMX Group’s payout ratio 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.