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

Key Points

• Analysts give TMX Group a consensus rating of Moderate Buy (nine analysts: 4 hold, 4 buy, 1 strong buy) with an average 12‑month price target of C$61.61, and several brokers recently raised targets (RBC to C$65, Raymond James to C$61.50).
• Shares opened at C$54.09 with a market cap of C$15.04 billion, a PE of 36.3, 50/200‑day moving averages near C$49–50, and a 52‑week range of C$44.10–C$57.98.
• TMX reported C$0.60 EPS and C$457.8M revenue for the quarter, analysts forecast about C$1.77 EPS for the year, and the company raised its quarterly dividend to C$0.24 (annualized C$0.96, yield ~1.8%, payout ratio ~56.4%).

Shares of TMX Group Limited (TSE:X - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the nine analysts that are currently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$61.61.

Several equities analysts recently issued reports on X shares. Raymond James Financial lifted their price objective on shares of TMX Group from C$61.00 to C$61.50 and gave the company a "strong-buy" rating in a report on Friday, April 17th. Royal Bank Of Canada lifted their price objective on shares of TMX Group from C$64.00 to C$65.00 and gave the company an "outperform" rating in a report on Thursday. Barclays lifted 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 report on Wednesday, April 8th. Finally, Canaccord Genuity Group cut their price objective on shares of TMX Group from C$64.00 to C$61.00 and set a "buy" rating on the stock in a report on Monday, February 9th.

TMX Group Stock Performance

Shares of TSE:X opened at C$54.09 on Friday. The firm has a market cap of C$15.04 billion, a PE ratio of 36.30, a price-to-earnings-growth ratio of 12.65 and a beta of -0.35. The firm's 50 day simple moving average is C$49.14 and its 200-day simple moving average is C$50.15. TMX Group has a one year low of C$44.10 and a one year 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.

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

TMX Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 6th. Investors of record on Friday, March 6th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, February 20th. This is a positive change from TMX Group's previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a yield of 1.8%. TMX Group's dividend payout ratio is 56.38%.

About TMX Group

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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