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

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

Several other equities analysts have also recently weighed in on the company. Barclays lifted their price target on 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 objective on shares of TMX Group and gave the stock a buy rating in a report on Friday, April 26th. Scotiabank raised their price target on TMX Group from C$38.00 to C$39.00 and gave the company a sector perform rating in a research report on Tuesday, April 30th. TD Securities boosted their price objective on shares of TMX Group from C$35.00 to C$37.00 and gave the stock a hold rating in a report on Monday. Finally, National Bankshares boosted their price target on shares of TMX Group from C$37.00 to C$40.00 and gave the stock a sector perform rating in a research note on Tuesday, April 30th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, TMX Group presently has an average rating of Hold and an average target price of C$39.88.

TMX Group Trading Down 0.8 %

TSE X opened at C$36.25 on Monday. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 26.67. The firm has a market capitalization of C$10.03 billion, a P/E ratio of 28.32, a PEG ratio of 12.65 and a beta of 0.39. The business has a fifty day simple moving average of C$35.67 and a 200 day simple moving average of C$32.93. TMX Group has a 12 month low of C$28.32 and a 12 month high of C$37.59.

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

TMX Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be given a dividend of $0.19 per share. This is a boost from TMX Group’s previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date is Thursday, May 16th. TMX Group’s payout ratio is presently 55.47%.

Insiders Place Their Bets

In other TMX Group news, Director Peter Alexander Conroy sold 13,965 shares of TMX Group stock in a transaction 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. In related news, Director Peter Alexander Conroy sold 13,965 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of C$36.19, for a total value of C$505,347.27. Also, Senior Officer Luc Fortin sold 15,140 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of C$35.32, for a total transaction of C$534,744.80. Company insiders own 5.57% of the company’s stock.

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.