Raymond James Financial Issues Positive Forecast for TMX Group (TSE:X) Stock Price

Key Points

• Raymond James raised its price target on TMX Group from C$61.00 to C$61.50 and reiterated a "strong‑buy" rating, implying roughly a 14.74% upside from the current price.
• Analyst consensus is a Moderate Buy with a C$61.50 consensus target (ratings: 1 Strong Buy, 4 Buy, 4 Hold); TMX traded at C$53.60, has a market cap of C$14.9B, a P/E of ~36 and reported C$0.60 EPS last quarter.

TMX Group (TSE:X - Get Free Report) had its price target upped by equities researchers at Raymond James Financial from C$61.00 to C$61.50 in a research report issued on Friday,BayStreet.CA reports. The brokerage currently has a "strong-buy" rating on the stock. Raymond James Financial's price target points to a potential upside of 14.74% from the company's current price.

Several other equities analysts have also commented on the stock. Royal Bank Of Canada lowered their price objective on shares of TMX Group from C$67.00 to C$64.00 and set an "outperform" rating for the company in a research report on Monday, February 9th. Canaccord Genuity Group lowered their price objective on shares of TMX Group from C$64.00 to C$61.00 and set a "buy" rating for the company in a research report on Monday, February 9th. Finally, Barclays increased their price objective on shares of TMX Group from C$52.00 to C$59.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$61.50.

TMX Group Price Performance

X stock traded up C$0.48 during trading on Friday, hitting C$53.60. 255,668 shares of the company's stock traded hands, compared to its average volume of 865,741. TMX Group has a 52 week low of C$44.10 and a 52 week high of C$57.98. The company has a debt-to-equity ratio of 45.58, a quick ratio of 0.01 and a current ratio of 1.00. The business has a fifty day simple moving average of C$48.11 and a 200 day simple moving average of C$50.10. The stock has a market capitalization of C$14.90 billion, a price-to-earnings ratio of 35.97, a P/E/G ratio of 12.65 and a beta of -0.35.

TMX Group (TSE:X - Get Free Report) last released its quarterly earnings data on Thursday, February 5th. The company reported C$0.60 EPS for the quarter. TMX Group had a net margin of 14.23% and a return on equity of 8.85%. The business had revenue of C$457.80 million during the quarter. As a group, research analysts expect that TMX Group will post 1.7708421 EPS for the current fiscal year.

TMX Group Company Profile

TMX Group Ltd is a company that operates several global markets to provide investment opportunities for its clients. TMX Group's key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, and Trayport, which provides listing markets, trading markets, clearing facilities, depository services, technology solutions, data products, and other services to the global financial community.

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