Brokerages Set TMX Group Limited (TSE:X) PT at C$44.81

Shares of TMX Group Limited (TSE:X) have been given an average rating of “Hold” by the seven analysts that are covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$44.81.

Several equities analysts have commented on the stock. BMO Capital Markets raised their price target on shares of TMX Group from C$46.00 to C$50.00 in a research report on Friday, November 1st. National Bankshares increased their price target on 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. TD Securities lifted their price target on shares of TMX Group from C$42.00 to C$43.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Finally, CIBC increased their price objective on shares of TMX Group from C$43.00 to C$46.00 in a research report on Thursday, October 31st.

TMX Group Trading Down 0.3 %

Shares of TSE X opened at C$44.27 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 51.71. The stock has a market capitalization of C$12.29 billion, a PE ratio of 30.12, a PEG ratio of 12.65 and a beta of 0.43. TMX Group has a twelve month low of C$28.52 and a twelve month high of C$45.92. The stock has a fifty day simple moving average of C$43.56 and a 200-day simple moving average of C$41.19.

TMX Group (TSE:X) last issued its quarterly earnings results on Wednesday, October 30th. The company reported C$0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.40 by C$0.01. The business had revenue of C$353.80 million for 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%. On average, equities analysts forecast that TMX Group will post 1.7708421 earnings per share for the current year.

TMX Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 29th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.72%. The ex-dividend date was Friday, November 15th. TMX Group’s payout ratio is currently 50.34%.

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.