TMX Group Limited (TSE:X) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• TMX Group has a “Moderate Buy” consensus rating from nine analysts: six recommend buying, one strongly recommends buying, and two rate it a hold. The average 12-month price target is C$65.28, above the reported C$54.53 share price.
• For its latest quarter, TMX Group reported C$0.62 in EPS and C$487.5 million in revenue, with a 32.55% net margin and 3.81% return on equity.
• The company increased its quarterly dividend from C$0.24 to C$0.26 per share, equivalent to C$1.04 annually and a 1.9% yield; its payout ratio is 42.4%.

Shares of TMX Group Limited (TSE:X - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the nine ratings firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$65.28.

X has been the topic of several research analyst reports. National Bank Financial raised shares of TMX Group from a "hold" rating to an "outperform" rating and decreased their price target for the company from C$65.00 to C$63.00 in a research note on Monday, July 27th. Canaccord Genuity Group boosted their price objective on shares of TMX Group from C$63.00 to C$64.00 and gave the stock a "buy" rating in a research report on Monday, June 15th. BMO Capital Markets upped their price objective on TMX Group from C$62.00 to C$65.00 and gave the stock an "outperform" rating in a report on Wednesday, May 6th. Raymond James Financial decreased their price objective on 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, Barclays lifted their target price on TMX Group from C$58.00 to C$59.00 in a research note on Thursday, July 9th.

TMX Group Trading Down 0.2%

Shares of X stock opened at C$54.53 on Friday. The company has a quick ratio of 0.01, a current ratio of 2.76 and a debt-to-equity ratio of 41.81. The company has a market capitalization of C$15.02 billion, a P/E ratio of 25.13, a P/E/G ratio of 12.65 and a beta of -0.15. TMX Group has a 12-month low of C$44.10 and a 12-month high of C$57.27. The firm has a 50-day moving average price of C$50.41 and a 200 day moving average price of C$50.32.

TMX Group (TSE:X - Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported C$0.62 EPS for the quarter. TMX Group had a return on equity of 3.81% and a net margin of 32.55%.The company had revenue of C$487.50 million for the quarter. Research analysts forecast that TMX Group will post 1.7708421 earnings per share for the current fiscal year.

TMX Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 28th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Friday, August 14th. This is a positive change from TMX Group's previous quarterly dividend of $0.24. This represents a $1.04 annualized dividend and a yield of 1.9%. TMX Group's payout ratio 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.

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