TMX Group (TSE:X) Sets New 12-Month Low – Should You Sell?

TMX Group Limited (TSE:X) shares reached a new 52-week low on Wednesday . The company traded as low as C$44.10 and last traded at C$44.29, with a volume of 48764 shares. The stock had previously closed at C$44.60.

Analysts Set New Price Targets

Several brokerages recently commented on X. Barclays decreased their price target on TMX Group from C$59.00 to C$52.00 and set an “equal weight” rating on the stock in a research note on Monday, February 9th. Royal Bank Of Canada cut their price target on shares of TMX Group from C$67.00 to C$64.00 and set an “outperform” rating for the company in a report on Monday, February 9th. Scotiabank set a C$70.00 price objective on shares of TMX Group and gave the stock a “sector perform” rating in a research note on Friday, October 24th. Canaccord Genuity Group decreased their price target on TMX Group from C$64.00 to C$61.00 and set a “buy” rating on the stock in a research report on Monday, February 9th. Finally, TD Securities raised TMX Group from a “hold” rating to a “buy” rating and lifted their price target for the company from C$58.00 to C$60.00 in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$60.67.

TMX Group Trading Down 0.0%

The company has a debt-to-equity ratio of 47.49, a quick ratio of 0.01 and a current ratio of 1.01. The firm has a market cap of C$12.40 billion, a P/E ratio of 29.92, a price-to-earnings-growth ratio of 12.65 and a beta of -0.20. The business’s fifty day moving average is C$50.16 and its 200-day moving average is C$51.93.

TMX Group (TSE:X) last issued its quarterly earnings results on Thursday, February 5th. The company reported C$0.60 EPS for the quarter. TMX Group had a net margin of 25.80% and a return on equity of 3.37%. The company had revenue of C$457.80 million for the quarter. Analysts predict that TMX Group Limited will post 1.7708421 EPS for the current year.

TMX Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Friday, March 6th will be given a $0.24 dividend. This is a boost from TMX Group’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, February 20th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.2%. TMX Group’s dividend payout ratio is presently 56.38%.

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.