TMX Group (TSE:X) Stock Rating Upgraded by Raymond James Financial

TMX Group (TSE:X) was upgraded by stock analysts at Raymond James Financial from an “outperform” rating to a “strong-buy” rating in a report released on Monday,BayStreet.CA reports. The firm currently has a C$61.00 price objective on the stock, up from their previous price objective of C$59.00. Raymond James Financial’s price target indicates a potential upside of 32.21% from the stock’s current price.

Other research analysts have also recently issued reports about the company. National Bankshares raised their target price on TMX Group from C$59.00 to C$60.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 28th. Scotiabank set a C$70.00 price objective on shares of TMX Group and gave the stock a “sector perform” rating in a report on Friday, October 24th. TD Securities upgraded shares of TMX Group from a “hold” rating to a “buy” rating and lifted their target price for the company from C$58.00 to C$60.00 in a research report on Wednesday, October 29th. Finally, Royal Bank Of Canada increased their price target on shares of TMX Group from C$66.00 to C$67.00 in a research report on Wednesday, October 29th. One equities research 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. According to MarketBeat, TMX Group has a consensus rating of “Moderate Buy” and a consensus target price of C$60.67.

TMX Group Stock Performance

Shares of X traded up C$0.72 during trading hours on Monday, reaching C$46.14. 462,758 shares of the company traded hands, compared to its average volume of 632,846. 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 stock’s fifty day moving average is C$50.96 and its 200 day moving average is C$52.47. TMX Group has a 1-year low of C$44.82 and a 1-year high of C$57.98. The stock has a market cap of C$12.84 billion, a P/E ratio of 27.96, a price-to-earnings-growth ratio of 12.65 and a beta of -0.20.

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

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.