TMX Group (TSE:X) PT Raised to C$42.00

TMX Group (TSE:X) had its price target lifted by research analysts at BMO Capital Markets from C$41.00 to C$42.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. BMO Capital Markets’ price objective indicates a potential upside of 13.94% from the company’s current price.

Several other analysts have also recently commented on the stock. CIBC boosted their price target on shares of TMX Group from C$38.00 to C$40.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Canaccord Genuity Group set a C$44.00 price target on shares of TMX Group and gave the stock a “buy” rating in a research note on Friday, April 26th. National Bankshares boosted their target price on shares of TMX Group from C$37.00 to C$40.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 30th. Scotiabank boosted their target price on shares of TMX Group from C$38.00 to C$39.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 30th. Finally, TD Securities boosted their target price on shares of TMX Group from C$35.00 to C$37.00 and gave the stock a “hold” rating in a report on Monday. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$39.88.

TMX Group Stock Down 0.4 %

X opened at C$36.86 on Monday. The stock has a market cap of C$10.20 billion, a price-to-earnings ratio of 28.80, a price-to-earnings-growth ratio of 12.65 and a beta of 0.39. TMX Group has a fifty-two week low of C$28.23 and a fifty-two week high of C$37.59. The company has a debt-to-equity ratio of 26.67, a quick ratio of 0.01 and a current ratio of 1.00. The firm’s fifty day moving average is C$35.62 and its 200 day moving average is C$32.88.

TMX Group (TSE:X) last announced its quarterly earnings results on Thursday, May 2nd. The company reported C$0.38 EPS for the quarter, topping the consensus estimate of C$0.37 by C$0.01. The business had revenue of C$345.90 million for the quarter, compared to analysts’ expectations of C$338.61 million. TMX Group had a net margin of 12.28% and a return on equity of 9.10%. On average, sell-side analysts forecast that TMX Group will post 1.6194927 earnings per share for the current fiscal year.

Insider Activity at TMX Group

In other TMX Group news, Senior Officer Jayakumar Rajarathinam sold 95,750 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of C$33.78, for a total value of C$3,234,636.08. In other news, Senior Officer Luc Fortin sold 15,140 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of C$35.32, for a total value of C$534,744.80. Also, Senior Officer Jayakumar Rajarathinam sold 95,750 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of C$33.78, for a total transaction of C$3,234,636.08. 5.57% of the stock is currently owned by 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.