TMX Group Limited (TSE:X) Stock Has Average Target Price of C$67.25 According to Analysts

Key Points

• Analysts are broadly bullish: Eight brokerages give TMX Group a consensus “Buy” rating, with an average one-year price target of C$67.25. Recent targets ranged from C$65 to C$75, including RBC’s raised C$75 target.
• TMX Group reported quarterly earnings of C$0.63 per share on revenue of C$491.1 million. It also declared a quarterly dividend of C$0.26 per share, equivalent to a 1.7% annual yield.
• Insiders sold 41,735 shares worth about C$2.27 million over the past three months; company insiders own 1.15% of its stock.

TMX Group Limited (TSE:X - Get Free Report) has received a consensus recommendation of "Buy" from the eight brokerages that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$67.25.

Several research analysts have recently issued reports on X shares. Raymond James Financial raised their target price on shares of TMX Group from C$64.50 to C$69.00 and gave the stock a "strong-buy" rating in a report on Friday, October 30th. National Bank Financial upped their price target on shares of TMX Group from C$64.00 to C$67.00 and gave the company an "outperform" rating in a report on Wednesday, October 28th. Canaccord Genuity Group increased their price target on shares of TMX Group from C$64.00 to C$65.00 and gave the company a "buy" rating in a research report on Wednesday, October 14th. Royal Bank Of Canada boosted their price objective on shares of TMX Group from C$67.00 to C$75.00 and gave the company an "outperform" rating in a research report on Monday, November 2nd. Finally, RBC Dominion Securities decreased their price objective on shares of TMX Group from C$69.00 to C$67.00 and set an "outperform" rating on the stock in a research report on Thursday, October 15th.

Insiders Place Their Bets

In other news, insider Cheryl Graden sold 8,885 shares of TMX Group stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of C$54.41, for a total value of C$483,432.85. Following the sale, the insider directly owned 32,845 shares in the company, valued at approximately C$1,787,096.45. This trade represents a 21.29% decrease in their position. In the last three months, insiders sold 41,735 shares of company stock valued at $2,268,124. Company insiders own 1.15% of the company's stock.

TMX Group Price Performance

X opened at C$62.64 on Wednesday. The stock's 50 day simple moving average is C$55.16 and its 200 day simple moving average is C$51.54. The company has a debt-to-equity ratio of 57.61, a current ratio of 10.13 and a quick ratio of 0.01. TMX Group has a 1 year low of C$44.10 and a 1 year high of C$63.06. The firm has a market cap of C$17.23 billion, a price-to-earnings ratio of 29.55, a PEG ratio of 12.65 and a beta of -0.18.

TMX Group (TSE:X - Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The company reported C$0.63 EPS for the quarter. The business had revenue of C$491.10 million for the quarter. TMX Group had a return on equity of 3.71% and a net margin of 30.56%. As a group, analysts predict that TMX Group will post 1.77 earnings per share for the current year.

TMX Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Friday, November 27th will be issued a $0.26 dividend. The ex-dividend date is Friday, November 13th. This represents a $1.04 annualized dividend and a yield of 1.7%. TMX Group's dividend payout ratio (DPR) is 45.28%.

TMX Group Company Profile

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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