TMX Group (TSE:X) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

TMX Group Limited (TSE:X)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$50.32 and traded as high as C$54.87. TMX Group shares last traded at C$54.53, with a volume of 1,338,739 shares traded.

Analyst Ratings Changes

A number of equities research analysts have recently commented on X shares. Royal Bank Of Canada upped their price objective on shares of TMX Group from C$69.00 to C$71.00 and gave the company an “outperform” rating in a research note on Monday, June 15th. Scotia lifted 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 note on Wednesday, May 6th. Barclays boosted their target price on shares of TMX Group from C$58.00 to C$59.00 in a report on Thursday, July 9th. Raymond James Financial cut their price target on shares of TMX Group from C$65.25 to C$64.50 and set a “strong-buy” rating on the stock in a research report on Friday, July 31st. Finally, National Bank Financial upgraded TMX Group from a “hold” rating to an “outperform” rating and decreased their price target for the stock from C$65.00 to C$63.00 in a report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, TMX Group currently has a consensus rating of “Moderate Buy” and a consensus target price of C$65.28.

TMX Group Trading Up 0.0%

The firm’s 50-day moving average price is C$50.55 and its 200 day moving average price is C$50.34. The company has a market cap of C$15.02 billion, a price-to-earnings ratio of 25.14, a P/E/G ratio of 12.65 and a beta of -0.15. The company has a current ratio of 2.76, a quick ratio of 0.01 and a debt-to-equity ratio of 41.81.

TMX Group (TSE:X) last released its earnings results on Thursday, July 30th. The company reported C$0.62 earnings per share (EPS) for the quarter. The company had revenue of C$487.50 million for the quarter. TMX Group had a net margin of 32.55% and a return on equity of 3.81%. As a group, equities analysts expect that TMX Group Limited will post 1.7708421 EPS for the current year.

TMX Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 28th were given a dividend of $0.26 per share. This is a boost from TMX Group’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.9%. TMX Group’s payout ratio is currently 42.40%.

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.