TMX Group (TSE:X) Hits New 1-Year High - Still a Buy?

TMX Group Limited (TSE:X - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$57.36 and last traded at C$57.32, with a volume of 117183 shares trading hands. The stock had previously closed at C$56.64.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. TD Securities lifted their price objective on shares of TMX Group from C$49.00 to C$54.00 and gave the company a "hold" rating in a research note on Wednesday, April 30th. BMO Capital Markets raised their target price on shares of TMX Group from C$55.00 to C$57.00 in a report on Tuesday, April 15th. Canaccord Genuity Group boosted their target price on shares of TMX Group from C$52.00 to C$58.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. CIBC increased their price target on TMX Group from C$55.00 to C$57.00 and gave the stock a "neutral" rating in a research report on Monday, April 28th. Finally, Scotiabank boosted their price objective on TMX Group from C$56.00 to C$58.00 and gave the company a "sector perform" rating in a report on Wednesday, May 7th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, TMX Group presently has an average rating of "Hold" and a consensus price target of C$55.13.

TMX Group Stock Down 0.4%

The company has a quick ratio of 0.01, a current ratio of 1.01 and a debt-to-equity ratio of 47.49. The firm has a market capitalization of C$15.47 billion, a PE ratio of 32.10, a price-to-earnings-growth ratio of 12.65 and a beta of 0.43. The business has a 50-day moving average price of C$55.61 and a 200-day moving average price of C$50.87.

TMX Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, June 6th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date was Friday, May 23rd. TMX Group's dividend payout ratio is presently 42.72%.

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.