TMX Group Limited (TSE:X) Receives Consensus Rating of “Hold” from Brokerages

TMX Group Limited (TSE:X) has been assigned a consensus recommendation of “Hold” from the seven analysts that are covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$46.94.

X has been the subject of a number of recent research reports. National Bankshares boosted 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 note on Wednesday, October 30th. Barclays raised their price target on shares of TMX Group from C$45.00 to C$47.00 in a research report on Monday, December 9th. CIBC boosted their price objective on TMX Group from C$43.00 to C$46.00 in a report on Thursday, October 31st. TD Securities raised their target price on TMX Group from C$42.00 to C$43.00 and gave the company a “hold” rating in a report on Monday, October 28th. Finally, BMO Capital Markets lifted their target price on TMX Group from C$50.00 to C$62.00 in a research report on Thursday, December 5th.

TMX Group Trading Up 1.1 %

Shares of X stock opened at C$45.76 on Friday. TMX Group has a fifty-two week low of C$33.19 and a fifty-two week high of C$45.92. The company has a debt-to-equity ratio of 51.71, a quick ratio of 0.01 and a current ratio of 1.00. The stock has a 50 day simple moving average of C$44.16 and a two-hundred day simple moving average of C$43.03. The company has a market cap of C$12.70 billion, a P/E ratio of 31.13, 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 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 business had revenue of C$353.80 million for the quarter, compared to analyst estimates of C$356.24 million. Research analysts forecast that TMX Group will post 1.7708421 earnings per share for the current year.

TMX Group Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date was Friday, November 15th. TMX Group’s payout ratio is 50.34%.

TMX Group Company Profile

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.