TMX Group Limited (TSE:X) Given Average Rating of “Moderate Buy” by Analysts

TMX Group Limited (TSE:X) has received an average rating of “Moderate Buy” from the nine ratings firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$65.28.

Several brokerages have commented on X. Canaccord Genuity Group boosted their target price on shares of TMX Group from C$63.00 to C$64.00 and gave the stock a “buy” rating in a research report on Monday, June 15th. National Bank Financial upgraded shares of TMX Group from a “hold” rating to an “outperform” rating and cut their price target for the company from C$65.00 to C$63.00 in a report on Monday, July 27th. Barclays raised their price objective on shares of TMX Group from C$58.00 to C$59.00 in a research note on Thursday, July 9th. BMO Capital Markets boosted their price objective on shares of TMX Group from C$62.00 to C$65.00 and gave the stock an “outperform” rating in a report on Wednesday, May 6th. Finally, Scotia upped their target price on shares of TMX Group from C$70.00 to C$71.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, May 6th.

TMX Group Price Performance

TSE X opened at C$52.14 on Monday. The business has a fifty day moving average price of C$49.43 and a 200 day moving average price of C$49.94. The company has a debt-to-equity ratio of 41.81, a quick ratio of 0.01 and a current ratio of 2.76. The company has a market cap of C$14.36 billion, a P/E ratio of 24.03, a P/E/G ratio of 12.65 and a beta of -0.15. TMX Group has a one year low of C$44.10 and a one year high of C$57.81.

TMX Group (TSE:X) last posted its earnings results on Thursday, July 30th. The company reported C$0.62 earnings per share for the quarter. TMX Group had a return on equity of 3.81% and a net margin of 16.84%.The business had revenue of C$487.50 million during the quarter. Research analysts anticipate that TMX Group will post 1.7708421 EPS for the current fiscal year.

TMX Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 28th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, August 14th. This is an increase from TMX Group’s previous quarterly dividend of $0.24. TMX Group’s dividend payout ratio is presently 42.40%.

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.