BMO Capital Markets Boosts TMX Group (TSE:X) Price Target to C$42.00

TMX Group (TSE:X) had its price target lifted by BMO Capital Markets from C$41.00 to C$42.00 in a research report sent to investors on Monday, BayStreet.CA reports.

Several other equities analysts have also issued reports on the company. Royal Bank of Canada decreased their price target on TMX Group from C$40.00 to C$39.00 and set a sector perform rating for the company in a research report on Sunday. Barclays boosted their price target on shares of TMX Group from C$35.00 to C$38.00 in a report on Monday, April 8th. Scotiabank boosted their target price on shares of TMX Group from C$38.00 to C$39.00 and gave the company a sector perform rating in a research note on Tuesday, April 30th. CIBC lifted their price target on shares of TMX Group from C$38.00 to C$40.00 and gave the stock a neutral rating in a report on Friday, May 3rd. Finally, National Bankshares upped their price target on TMX Group from C$37.00 to C$40.00 and gave the company a sector perform rating in a research report on Tuesday, April 30th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of C$39.88.

TMX Group Price Performance

X opened at C$36.56 on Monday. TMX Group has a 1 year low of C$28.24 and a 1 year high of C$37.59. The company has a debt-to-equity ratio of 26.67, a current ratio of 1.00 and a quick ratio of 0.01. The company has a market capitalization of C$10.11 billion, a price-to-earnings ratio of 28.56, a P/E/G ratio of 12.65 and a beta of 0.39. The firm’s fifty day moving average price is C$35.66 and its two-hundred day moving average price is C$32.91.

TMX Group (TSE:X) last released its quarterly earnings results on Thursday, May 2nd. The company reported C$0.38 earnings per share for the quarter, topping the consensus estimate of C$0.37 by C$0.01. The business had revenue of C$345.90 million for the quarter, compared to analysts’ expectations of C$338.61 million. TMX Group had a net margin of 12.28% and a return on equity of 9.10%. As a group, analysts anticipate that TMX Group will post 1.6194927 earnings per share for the current fiscal year.

TMX Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.08%. This is an increase from TMX Group’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Thursday, May 16th. TMX Group’s dividend payout ratio is presently 55.47%.

Insider Buying and Selling

In related news, Director Peter Alexander Conroy sold 13,965 shares of TMX Group stock in a transaction on Monday, May 6th. The stock was sold at an average price of C$36.19, for a total transaction of C$505,347.27. In other TMX Group news, Senior Officer Luc Fortin sold 15,140 shares of the business’s 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 value of C$534,744.80. Also, Director Peter Alexander Conroy sold 13,965 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of C$36.19, for a total transaction of C$505,347.27. 5.57% of the stock is currently owned by insiders.

TMX Group Company Profile

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.