TD Securities Issues Positive Forecast for TMX Group (TSE:X) Stock Price

TMX Group (TSE:X) had its price target lifted by TD Securities from C$44.00 to C$45.00 in a research report report published on Thursday,BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

A number of other research firms have also weighed in on X. Barclays lifted their price objective on TMX Group from C$45.00 to C$47.00 in a research note on Monday, December 9th. BMO Capital Markets boosted their price target on TMX Group from C$50.00 to C$62.00 in a report on Thursday, December 5th. CIBC upped their price objective on TMX Group from C$43.00 to C$46.00 in a research report on Thursday, October 31st. Finally, National Bankshares lifted their target price on shares of TMX Group from C$43.00 to C$44.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of C$47.19.

TMX Group Stock Up 0.9 %

X stock opened at C$45.77 on Thursday. The company has a quick ratio of 0.01, a current ratio of 1.00 and a debt-to-equity ratio of 51.71. TMX Group has a 52 week low of C$33.19 and a 52 week high of C$46.31. The stock has a market capitalization of C$12.71 billion, a PE ratio of 31.14, a price-to-earnings-growth ratio of 12.65 and a beta of 0.43. The firm has a 50 day moving average of C$44.38 and a 200 day moving average of C$43.31.

TMX Group (TSE:X) last issued its quarterly earnings results on Wednesday, October 30th. The company reported C$0.41 EPS for the quarter, topping analysts’ consensus estimates of C$0.40 by C$0.01. The company had revenue of C$353.80 million during the quarter, compared to analysts’ expectations of C$356.24 million. TMX Group had a return on equity of 10.08% and a net margin of 13.39%. Sell-side analysts forecast that TMX Group will post 1.7708421 earnings per share for the current year.

TMX Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 29th were given a dividend of $0.19 per share. The ex-dividend date was Friday, November 15th. This represents a $0.76 annualized dividend and a dividend yield of 1.66%. TMX Group’s payout ratio is 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.