TMX Group (TSE:X) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

TMX Group (TSE:X) had its price target hoisted by BMO Capital Markets from C$50.00 to C$62.00 in a note issued to investors on Thursday,BayStreet.CA reports. BMO Capital Markets’ price target suggests a potential upside of 39.80% from the stock’s previous close.

X has been the topic of a number of other reports. TD Securities increased their target price on shares of TMX Group from C$42.00 to C$43.00 and gave the stock a “hold” rating in a report on Monday, October 28th. CIBC increased their target price on shares of TMX Group from C$43.00 to C$46.00 in a report on Thursday, October 31st. Finally, National Bankshares increased their target price on shares of 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. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, TMX Group presently has an average rating of “Hold” and an average price target of C$46.31.

TMX Group Stock Performance

TSE:X opened at C$44.35 on Thursday. TMX Group has a 12-month low of C$29.71 and a 12-month high of C$45.92. 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$12.31 billion, a PE ratio of 30.17, 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$43.64 and a 200 day moving average price of C$41.41.

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

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.