TD Securities Increases TMX Group (TSE:X) Price Target to C$37.00

TMX Group (TSE:X - Free Report) had its price target increased by TD Securities from C$35.00 to C$37.00 in a research report sent to investors on Monday, BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

A number of other research analysts also recently issued reports on X. Canaccord Genuity Group set a C$44.00 target price on shares of TMX Group and gave the company a buy rating in a research report on Friday, April 26th. Royal Bank of Canada decreased their target price on shares of TMX Group from C$40.00 to C$39.00 and set a sector perform rating for the company in a research report on Sunday. Barclays boosted their target price on shares of TMX Group from C$35.00 to C$38.00 in a research report on Monday, April 8th. CIBC boosted their target price on shares of TMX Group from C$38.00 to C$40.00 and gave the company a neutral rating in a research report on Friday. Finally, National Bankshares lifted their price objective on shares of TMX Group from C$37.00 to C$40.00 and gave the company a sector perform rating in a report on Tuesday, April 30th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and an average target price of C$39.88.

TMX Group Stock Performance

Shares of TSE:X traded down C$0.21 on Monday, hitting C$37.00. 650,401 shares of the company were exchanged, compared to its average volume of 353,493. TMX Group has a 1-year low of C$28.23 and a 1-year high of C$37.59. The stock's 50 day moving average price is C$35.51 and its 200 day moving average price is C$32.78. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 26.67. The firm has a market capitalization of C$10.24 billion, a P/E ratio of 28.88, a price-to-earnings-growth ratio of 12.65 and a beta of 0.39.

TMX Group (TSE:X - Get Free Report) last posted its quarterly earnings data on Monday, February 5th. The company reported C$0.37 EPS for the quarter, hitting the consensus estimate of C$0.37. TMX Group had a net margin of 12.28% and a return on equity of 9.10%. The business had revenue of C$301.50 million during the quarter, compared to the consensus estimate of C$300.05 million. Sell-side analysts predict that TMX Group will post 1.6194927 EPS for the current year.

TMX Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 31st will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.05%. This is a positive change from TMX Group's previous quarterly dividend of $0.18. The ex-dividend date is Thursday, May 16th. TMX Group's payout ratio is presently 55.47%.

Insider Buying and Selling at TMX Group

In other TMX Group news, Senior Officer Luc Fortin sold 15,140 shares of the business's stock in a transaction dated Friday, March 1st. The shares were sold at an average price of C$35.32, for a total value of C$534,744.80. In other news, Senior Officer Jayakumar Rajarathinam sold 95,750 shares of the company's stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of C$33.78, for a total value of C$3,234,636.08. Also, Senior Officer Luc Fortin sold 15,140 shares of the company's stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of C$35.32, for a total transaction of C$534,744.80. 5.57% of the stock is currently owned by company insiders.

About TMX Group

TMX Group Limited operates exchanges, markets, and clearinghouses primarily for capital markets in Canada, the United States, the United Kingdom, Germany, and internationally. It operates through four segments: Global Solutions, Insights & Analytics; Capital Formation; Derivatives Trading & Clearing; and Equities and Fixed Income Trading & Clearing.