TMX Group (TSE:X) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

TMX Group Limited (TSE:X) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$40.77 and traded as high as C$43.81. TMX Group shares last traded at C$43.47, with a volume of 335,186 shares changing hands.

Analyst Upgrades and Downgrades

X has been the topic of a number of recent analyst reports. National Bankshares upped their price objective on TMX Group from C$43.00 to C$44.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Scotiabank increased their target price on TMX Group from C$39.00 to C$43.50 in a report on Wednesday, July 24th. Royal Bank of Canada increased their target price on TMX Group from C$44.00 to C$46.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. BMO Capital Markets raised their price objective on TMX Group from C$46.00 to C$50.00 in a report on Friday, November 1st. Finally, CIBC raised their price objective on TMX Group from C$43.00 to C$46.00 in a report on Thursday, October 31st. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, TMX Group has a consensus rating of “Hold” and an average price target of C$44.81.

TMX Group Stock Performance

The stock’s 50-day moving average price is C$43.47 and its 200-day moving average price is C$40.77. The company has a debt-to-equity ratio of 51.71, a quick ratio of 0.01 and a current ratio of 1.00. The company has a market capitalization of C$12.07 billion, a price-to-earnings ratio of 29.57, a P/E/G ratio of 12.65 and a beta of 0.43.

TMX Group (TSE:X) last issued its quarterly earnings data on Wednesday, October 30th. The company reported C$0.41 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.40 by C$0.01. TMX Group had a net margin of 13.39% and a return on equity of 10.08%. The business had revenue of C$353.80 million during the quarter, compared to analysts’ expectations of C$356.24 million. As a group, equities research analysts expect that TMX Group Limited will post 1.7708421 earnings per share for the current year.

TMX Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 29th will be paid a $0.19 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.76 annualized dividend and a yield of 1.75%. TMX Group’s payout ratio is currently 50.34%.

Insiders Place Their Bets

In other TMX Group news, Director Elias Anastasopoulos sold 20,850 shares of TMX Group stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of C$42.50, for a total value of C$886,125.00. 1.15% of the stock is owned by corporate insiders.

TMX Group Company Profile

TMX Group Limited operates exchanges, markets, and clearinghouses primarily for capital markets in Canada, the United States, the United Kingdom, Germany, and internationally. It operates through four segments: Global Solutions, Insights & Analytics; Capital Formation; Derivatives Trading & Clearing; and Equities and Fixed Income Trading & Clearing.