TMX Group (TSE:X) Share Price Crosses Above 200 Day Moving Average – What’s Next?

TMX Group Limited (TSE:X) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$43.27 and traded as high as C$45.71. TMX Group shares last traded at C$45.38, with a volume of 163,795 shares changing hands.

Wall Street Analysts Forecast Growth

X has been the subject of a number of research analyst reports. CIBC increased their target price on TMX Group from C$43.00 to C$46.00 in a report on Thursday, October 31st. TD Securities increased their price objective on TMX Group from C$42.00 to C$43.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. National Bankshares lifted their target price on TMX Group from C$43.00 to C$44.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. BMO Capital Markets increased their price target on shares of TMX Group from C$50.00 to C$62.00 in a research report on Thursday, December 5th. Finally, Barclays boosted their price objective on shares of TMX Group from C$45.00 to C$47.00 in a research report on Monday, December 9th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$46.94.

TMX Group Trading Down 0.4 %

The business has a 50-day moving average of C$44.34 and a two-hundred day moving average of C$43.27. 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$12.60 billion, a price-to-earnings ratio of 30.87, a P/E/G ratio of 12.65 and a beta of 0.43.

TMX Group (TSE:X) last posted its quarterly earnings results on Wednesday, October 30th. The company reported C$0.41 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of C$353.80 million for the quarter, compared to the consensus estimate of C$356.24 million. Research analysts predict that TMX Group Limited will post 1.7708421 EPS for the current fiscal year.

TMX Group Announces Dividend

The business 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. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.76 annualized dividend and a dividend yield of 1.67%. TMX Group’s dividend payout ratio is currently 50.34%.

TMX Group Company Profile

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.