TMX Group (TSE:X) Hits New 12-Month High – Time to Buy?

TMX Group Limited (TSE:X)’s share price reached a new 52-week high during trading on Monday. The company traded as high as C$62.62 and last traded at C$62.62, with a volume of 217,133 shares traded. The stock had previously closed at C$61.48.

Analyst Upgrades and Downgrades

X has been the subject of a number of analyst reports. Royal Bank Of Canada boosted their target price on shares of TMX Group from C$67.00 to C$75.00 and gave the company an “outperform” rating in a research note on Monday, November 2nd. RBC Dominion Securities cut their target price on shares of TMX Group from C$69.00 to C$67.00 and set an “outperform” rating for the company in a research note on Thursday, October 15th. Raymond James Financial upped their price objective on shares of TMX Group from C$64.50 to C$69.00 and gave the company a “strong-buy” rating in a research note on Friday, October 30th. National Bank Financial upped their price target on TMX Group from C$64.00 to C$67.00 and gave the company an “outperform” rating in a research report on Wednesday, October 28th. Finally, Canaccord Genuity Group upped their price target on shares of TMX Group from C$64.00 to C$65.00 and gave the stock a “buy” rating in a research note on Wednesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, TMX Group presently has a consensus rating of “Buy” and a consensus target price of C$67.25.

TMX Group Stock Up 1.8%

The firm has a market capitalization of C$17.21 billion, a price-to-earnings ratio of 29.52, a price-to-earnings-growth ratio of 12.65 and a beta of -0.18. The company has a debt-to-equity ratio of 57.61, a current ratio of 10.13 and a quick ratio of 0.01. The business has a 50 day moving average of C$54.84 and a 200 day moving average of C$51.43.

TMX Group (TSE:X) last issued its quarterly earnings data on Thursday, October 29th. The company reported C$0.63 earnings per share (EPS) for the quarter. The company had revenue of C$491.10 million during the quarter. TMX Group had a return on equity of 3.71% and a net margin of 30.56%. On average, equities analysts anticipate that TMX Group Limited will post 1.77 EPS for the current year.

TMX Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Friday, November 27th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $1.04 annualized dividend and a yield of 1.7%. TMX Group’s dividend payout ratio is presently 45.28%.

Insider Activity at TMX Group

In other news, insider Cheryl Graden sold 8,885 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of C$54.41, for a total transaction of C$483,432.85. Following the sale, the insider owned 32,845 shares of the company’s stock, valued at C$1,787,096.45. This trade represents a 21.29% decrease in their ownership of the stock. In the last three months, insiders have sold 41,735 shares of company stock valued at $2,268,124. 1.15% of the stock is owned by corporate insiders.

TMX Group Company Profile

TMX Group operates global markets, and builds digital communities and analytic solutions that facilitate the funding, growth and success of businesses, traders and investors. TMX Group’s key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, TSX Trust, TMX Trayport, TMX Datalinx, TMX VettaFi and TMX Newsfile, which provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community.