TMX Group (TSE:X) Stock Passes Above 200 Day Moving Average – Time to Sell?

Shares of TMX Group Limited (TSE:X) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$42.79 and traded as high as C$44.62. TMX Group shares last traded at C$44.46, with a volume of 377,493 shares changing hands.

Analyst Ratings Changes

Several equities research analysts have commented on X shares. CIBC upped their price objective on TMX Group from C$43.00 to C$46.00 in a research report on Thursday, October 31st. National Bankshares raised their price target on shares of TMX Group from C$43.00 to C$44.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. Barclays lifted their price target on TMX Group from C$45.00 to C$47.00 in a research note on Monday, December 9th. BMO Capital Markets increased their price target on TMX Group from C$50.00 to C$62.00 in a research report on Thursday, December 5th. Finally, TD Securities boosted their price objective on TMX Group from C$42.00 to C$43.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of C$46.94.

TMX Group Price Performance

The company has a 50-day moving average of C$44.15 and a 200 day moving average of C$42.88. The company has a quick ratio of 0.01, a current ratio of 1.00 and a debt-to-equity ratio of 51.71. The stock has a market capitalization of C$12.39 billion, a PE ratio of 30.35, a PEG ratio of 12.65 and a beta of 0.43.

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

TMX Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 29th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.70%. The ex-dividend date was Friday, November 15th. TMX Group’s dividend payout ratio is currently 50.34%.

About TMX Group

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.