TMX Group (TSE:X) Hits New 12-Month High - Time to Buy?

Key Points

• TMX Group hit a new 52-week high, trading at C$62.62, up from its previous close of C$61.48.
• Analysts maintain a consensus Buy rating with an average price target of C$67.25; recent targets ranged as high as C$75.
• The company reported quarterly EPS of C$0.63 on revenue of C$491.1 million and declared a quarterly dividend of C$0.26 per share, equivalent to a 1.7% yield.

TMX Group Limited (TSE:X - Get Free Report)'s stock price reached a new 52-week high during trading on Monday. The stock traded as high as C$62.62 and last traded at C$62.62, with a volume of 217,133 shares changing hands. The stock had previously closed at C$61.48.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on X shares. National Bank Financial upped their price target on shares of TMX Group from C$64.00 to C$67.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 28th. Raymond James Financial boosted their price objective on shares of TMX Group from C$64.50 to C$69.00 and gave the stock a "strong-buy" rating in a research note on Friday, October 30th. Canaccord Genuity Group raised their price objective on 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 lifted their target price on TMX Group from C$67.00 to C$75.00 and gave the company an "outperform" rating in a research note on Monday, November 2nd. Finally, RBC Dominion Securities reduced their target price on shares of TMX Group from C$69.00 to C$67.00 and set an "outperform" rating for the company in a report on Thursday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, TMX Group currently has an average rating of "Buy" and a consensus price target of C$67.25.

TMX Group Stock Up 1.8%

The business has a fifty day moving average of C$54.84 and a two-hundred day moving average of C$51.43. The company has a market cap of C$17.21 billion, a price-to-earnings ratio of 29.52, a PEG ratio of 12.65 and a beta of -0.18. The company has a current ratio of 10.13, a quick ratio of 0.01 and a debt-to-equity ratio of 57.61.

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

TMX Group Dividend Announcement

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

Insider Buying and Selling

In related news, insider Cheryl Graden sold 8,885 shares of the stock in a transaction 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 transaction, the insider directly owned 32,845 shares of the company's stock, 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. 1.15% of the stock is owned by insiders.

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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