TMX Group (TSE:X) Stock Price Passes Above 200-Day Moving Average – What’s Next?

TMX Group Limited (TSE:X) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$42.59 and traded as high as C$44.17. TMX Group shares last traded at C$43.84, with a volume of 280,162 shares changing hands.

Wall Street Analysts Forecast Growth

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

TMX Group Trading Down 0.5 %

The company has a debt-to-equity ratio of 51.71, a current ratio of 1.00 and a quick ratio of 0.01. The firm has a market capitalization of C$12.17 billion, a PE ratio of 29.82, a price-to-earnings-growth ratio of 12.65 and a beta of 0.43. The stock’s 50-day moving average price is C$44.20 and its 200 day moving average price is C$42.59.

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

TMX Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 29th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date was Friday, November 15th. TMX Group’s dividend payout ratio (DPR) is presently 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.