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

TMX Group Limited (TSE:X) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$41.72 and traded as high as C$44.53. TMX Group shares last traded at C$44.38, with a volume of 229,771 shares.

Wall Street Analyst Weigh In

A number of brokerages recently commented on X. National Bankshares upped their target price 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 objective on shares of TMX Group from C$42.00 to C$43.00 and gave the company a “hold” rating in a report on Monday, October 28th. Barclays increased their target price on shares of TMX Group from C$45.00 to C$47.00 in a research note on Monday, December 9th. BMO Capital Markets lifted their price target on TMX Group from C$50.00 to C$62.00 in a research note on Thursday, December 5th. Finally, CIBC increased their price target on TMX Group from C$43.00 to C$46.00 in a research report on Thursday, October 31st. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, TMX Group has an average rating of “Hold” and a consensus target price of C$46.94.

TMX Group Stock Up 0.8 %

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’s 50 day moving average price is C$43.81 and its two-hundred day moving average price is C$41.72. The firm has a market cap of C$12.32 billion, a price-to-earnings ratio of 30.19, a P/E/G ratio of 12.65 and a beta of 0.43.

TMX Group (TSE:X) last posted 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. TMX Group had a net margin of 13.39% and a return on equity of 10.08%. The firm had revenue of C$353.80 million during the quarter, compared to analysts’ expectations of C$356.24 million. As a group, sell-side analysts forecast that TMX Group Limited will post 1.7708421 earnings per share for the current fiscal year.

TMX Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 29th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend was Friday, November 15th. TMX Group’s dividend payout ratio (DPR) is 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.