TMX Group (TSE:X) Price Target Raised to C$37.00

TMX Group (TSE:X) had its target price lifted by TD Securities from C$35.00 to C$37.00 in a report issued on Monday morning, BayStreet.CA reports. The firm currently has a hold rating on the stock.

A number of other research firms have also commented on X. Scotiabank boosted their price objective on TMX Group from C$38.00 to C$39.00 and gave the stock a sector perform rating in a research note on Tuesday, April 30th. BMO Capital Markets upgraded shares of TMX Group from a market perform rating to an outperform rating and upped their price target for the stock from C$36.00 to C$41.00 in a research report on Monday, March 25th. Barclays raised their price objective on shares of TMX Group from C$35.00 to C$38.00 in a research report on Monday, April 8th. Canaccord Genuity Group set a C$44.00 price target on shares of TMX Group and gave the company a buy rating in a report on Friday, April 26th. Finally, CIBC boosted their price objective on TMX Group from C$38.00 to C$40.00 and gave the stock a neutral rating in a report on Friday, May 3rd. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Hold and an average target price of C$39.88.

TMX Group Stock Down 0.8 %

Shares of TSE:X opened at C$36.56 on Monday. The company has a market capitalization of C$10.11 billion, a PE ratio of 28.56, a P/E/G ratio of 12.65 and a beta of 0.39. The company has a debt-to-equity ratio of 26.67, a quick ratio of 0.01 and a current ratio of 1.00. The company’s fifty day moving average is C$35.66 and its 200-day moving average is C$32.91. TMX Group has a 52 week low of C$28.24 and a 52 week high of C$37.59.

TMX Group (TSE:X) last issued its quarterly earnings data 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 firm 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%. Equities research analysts predict that TMX Group will post 1.6194927 earnings per share for the current fiscal year.

TMX Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be given a $0.19 dividend. The ex-dividend date is Thursday, May 16th. This is a positive change from TMX Group’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a dividend yield of 2.08%. TMX Group’s payout ratio is currently 55.47%.

Insider Buying and Selling

In related news, 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. In related news, Senior Officer Luc Fortin sold 15,140 shares of TMX Group stock in a transaction dated Friday, March 1st. The stock was 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 stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of C$36.19, for a total value of C$505,347.27. 5.57% of the stock is owned by company insiders.

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.