TMX Group Limited (TSE:X) Stock Has Average Target Price of C$65.55

Shares of TMX Group Limited (TSE:X) have earned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is C$65.55.

A number of equities research analysts have commented on the stock. Barclays raised their price target on shares of TMX Group from C$58.00 to C$59.00 in a report on Thursday, July 9th. RBC Dominion Securities decreased their price target 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. National Bank Financial upgraded shares of TMX Group from a “hold” rating to an “outperform” rating and dropped their price objective for the company from C$65.00 to C$63.00 in a report on Monday, July 27th. Canaccord Genuity Group increased their price objective on shares of TMX Group from C$64.00 to C$65.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Raymond James Financial reduced their target price on TMX Group from C$65.25 to C$64.50 and set a “strong-buy” rating for the company in a research note on Friday, July 31st.

Insider Transactions at TMX Group

In other TMX Group news, insider Cheryl Graden sold 17,000 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of C$54.14, for a total value of C$920,380.00. Insiders sold a total of 41,735 shares of company stock valued at $2,268,124 in the last 90 days. 1.15% of the stock is currently owned by corporate insiders.

TMX Group Trading Down 0.3%

Shares of TSE:X traded down C$0.18 during mid-day trading on Friday, hitting C$54.13. The company had a trading volume of 703,532 shares, compared to its average volume of 807,469. The firm has a fifty day moving average price of C$53.39 and a 200 day moving average price of C$51.84. The company has a market capitalization of C$14.91 billion, a PE ratio of 24.94, a price-to-earnings-growth ratio of 12.65 and a beta of -0.17. The company has a debt-to-equity ratio of 41.81, a current ratio of 2.76 and a quick ratio of 0.01. TMX Group has a one year low of C$44.10 and a one year high of C$57.27.

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, research analysts forecast that TMX Group will post 1.77 EPS for the current year.

TMX Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 28th were paid a dividend of $0.26 per share. This is an increase 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 yield of 1.9%. TMX Group’s dividend payout ratio (DPR) is currently 42.40%.

About TMX Group

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.