TMX Group (TSE:X) Reaches New 52-Week High – Should You Buy?

TMX Group Limited (TSE:X)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$44.77 and last traded at C$44.23, with a volume of 249963 shares traded. The stock had previously closed at C$44.40.

Analysts Set New Price Targets

X has been the subject of a number of recent analyst reports. Barclays upped their target price on TMX Group from C$40.00 to C$42.00 in a research report on Friday, August 2nd. Scotiabank boosted their target price on shares of TMX Group from C$39.00 to C$43.50 in a research report on Wednesday, July 24th. BMO Capital Markets upped their price target on shares of TMX Group from C$46.00 to C$50.00 in a report on Friday, November 1st. National Bankshares boosted their price objective 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. Finally, Royal Bank of Canada raised their target price on TMX Group from C$44.00 to C$46.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of C$44.81.

TMX Group Price Performance

The stock has a 50-day simple moving average of C$43.13 and a 200 day simple moving average of C$40.21. The stock has a market capitalization of C$12.24 billion, a P/E ratio of 30.20, a price-to-earnings-growth ratio of 12.65 and a beta of 0.43. The company has a debt-to-equity ratio of 51.71, a quick ratio of 0.01 and a current ratio of 1.00.

TMX Group (TSE:X) last issued its earnings results on Wednesday, October 30th. The company reported C$0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.40 by C$0.01. The company had revenue of C$353.80 million for the quarter, compared to analyst estimates 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 Limited will post 1.7708421 earnings per share for the current fiscal year.

TMX Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 29th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.76 annualized dividend and a dividend yield of 1.72%. TMX Group’s payout ratio is currently 50.34%.

Insider Buying and Selling

In related news, Senior Officer Jayakumar Rajarathinam sold 38,125 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of C$41.44, for a total value of C$1,579,766.56. In other news, Senior Officer Jayakumar Rajarathinam sold 38,125 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of C$41.44, for a total value of C$1,579,766.56. Also, Director Elias Anastasopoulos sold 20,850 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of C$42.50, for a total transaction of C$886,125.00. 1.15% of the stock is owned by insiders.

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.