TMX Group (TSE:X) Price Target Raised to C$39.00 at Scotiabank

TMX Group (TSE:X) had its price target lifted by Scotiabank from C$38.00 to C$39.00 in a research note issued to investors on Tuesday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.

Several other equities research analysts have also commented on the stock. Canaccord Genuity Group set a C$44.00 price objective on shares of TMX Group and gave the stock a buy rating in a research report on Friday, April 26th. National Bankshares boosted their price objective on shares of TMX Group from C$37.00 to C$40.00 and gave the stock a sector perform rating in a research report on Tuesday. Royal Bank of Canada boosted their price objective on shares of TMX Group from C$36.00 to C$38.00 and gave the stock a sector perform rating in a research report on Monday. BMO Capital Markets raised shares of TMX Group from a market perform rating to an outperform rating and boosted their target price for the company from C$36.00 to C$41.00 in a research note on Monday, March 25th. Finally, CIBC boosted their target price on shares of TMX Group from C$35.00 to C$38.00 in a research note on Friday, April 26th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, TMX Group has an average rating of Hold and a consensus target price of C$39.13.

TMX Group Price Performance

Shares of TSE X opened at C$36.45 on Tuesday. The firm has a market capitalization of C$10.08 billion, a P/E ratio of 28.48, a PEG ratio of 12.65 and a beta of 0.39. TMX Group has a one year low of C$27.57 and a one year high of C$37.01. The company’s fifty day moving average is C$35.34 and its two-hundred day moving average is C$32.60. The company has a debt-to-equity ratio of 26.67, a quick ratio of 0.01 and a current ratio of 1.00.

TMX Group (TSE:X) last released its quarterly earnings data on Monday, February 5th. The company reported C$0.37 EPS for the quarter, hitting the consensus estimate of C$0.37. TMX Group had a net margin of 12.28% and a return on equity of 9.10%. The business had revenue of C$301.50 million for the quarter, compared to analyst estimates of C$300.05 million. Analysts forecast that TMX Group will post 1.6194927 EPS for the current fiscal year.

TMX Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, March 8th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend was Thursday, February 22nd. TMX Group’s payout ratio is 55.47%.

Insider Activity

In other news, Senior Officer Luc Fortin sold 15,140 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of C$35.32, for a total transaction of C$534,744.80. In related news, Senior Officer Luc Fortin sold 15,140 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of C$35.32, for a total transaction of C$534,744.80. Also, Senior Officer Jayakumar Rajarathinam sold 95,750 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of C$33.78, for a total transaction of C$3,234,636.08. Corporate insiders own 5.57% 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.