TMX Group (TSE:X) Shares Cross Above 200-Day Moving Average - Here's What Happened

Key Points

• TMX Group shares crossed above their 200-day moving average, reaching C$54.87 and last trading at C$54.53, compared with a 200-day average of C$50.32.
• Analysts maintain a favorable outlook, with a consensus “Moderate Buy” rating and an average price target of C$65.28; recent targets range from C$59.00 to C$71.00.
• TMX Group reported quarterly EPS of C$0.62 on revenue of C$487.5 million and increased its quarterly dividend to C$0.26, equivalent to a 1.9% annualized yield.

TMX Group Limited (TSE:X - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$50.32 and traded as high as C$54.87. TMX Group shares last traded at C$54.53, with a volume of 1,338,739 shares.

Analyst Ratings Changes

A number of equities research analysts have issued reports on X shares. Scotia boosted their target price on shares of TMX Group from C$70.00 to C$71.00 and gave the company a "sector outperform" rating in a report on Wednesday, May 6th. Raymond James Financial cut their price target on TMX Group from C$65.25 to C$64.50 and set a "strong-buy" rating for the company in a report on Friday, July 31st. Royal Bank Of Canada lifted their price target on TMX Group from C$69.00 to C$71.00 and gave the company an "outperform" rating in a research report on Monday, June 15th. Canaccord Genuity Group boosted their price objective on TMX Group from C$63.00 to C$64.00 and gave the company a "buy" rating in a research note on Monday, June 15th. Finally, Barclays boosted their price objective on TMX Group from C$58.00 to C$59.00 in a research note on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$65.28.

TMX Group Trading Down 0.2%

The firm's 50 day moving average is C$50.41 and its 200 day moving average is C$50.32. The company has a debt-to-equity ratio of 41.81, a current ratio of 2.76 and a quick ratio of 0.01. The company has a market cap of C$15.02 billion, a PE ratio of 25.13, a PEG ratio of 12.65 and a beta of -0.15.

TMX Group (TSE:X - Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported C$0.62 earnings per share (EPS) for the quarter. The business 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%. On average, equities analysts anticipate that TMX Group Limited will post 1.7708421 earnings per share for the current year.

TMX Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 28th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.9%. This is a boost from TMX Group's previous quarterly dividend of $0.24. The ex-dividend date is Friday, August 14th. TMX Group's dividend payout ratio (DPR) is 42.40%.

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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