TMX Group Limited (TSE:X) Receives Consensus Rating of "Hold" from Brokerages

Shares of TMX Group Limited (TSE:X - Get Free Report) have been assigned an average recommendation of "Hold" from the seven analysts that are covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$37.14.

X has been the subject of several research reports. CIBC increased their price objective on TMX Group from C$34.00 to C$35.00 and gave the company a "neutral" rating in a research report on Wednesday, February 7th. Royal Bank of Canada increased their price objective on TMX Group from C$34.00 to C$36.00 and gave the company a "sector perform" rating in a research report on Tuesday, February 6th. National Bankshares increased their price objective on TMX Group to C$37.00 and gave the company a "sector perform" rating in a research report on Monday, February 5th. Scotiabank raised their target price on TMX Group from C$36.00 to C$38.00 and gave the stock a "sector perform" rating in a research report on Wednesday, February 7th. Finally, Barclays raised their target price on TMX Group from C$35.00 to C$38.00 in a research report on Monday, April 8th.

TMX Group Stock Up 1.2 %

Shares of TSE X traded up C$0.44 during trading hours on Thursday, hitting C$36.44. The stock had a trading volume of 210,998 shares, compared to its average volume of 362,447. The firm's 50-day moving average price is C$35.07 and its two-hundred day moving average price is C$32.24. TMX Group has a 52 week low of C$26.82 and a 52 week high of C$37.01. The company has a debt-to-equity ratio of 26.67, a quick ratio of 0.01 and a current ratio of 1.00. The company has a market capitalization of C$10.08 billion, a P/E ratio of 28.47, a P/E/G ratio of 12.65 and a beta of 0.39.

TMX Group (TSE:X - Get Free Report) last posted its earnings results on Monday, February 5th. The company reported C$0.37 earnings per share for the quarter, hitting the consensus estimate of C$0.37. TMX Group had a return on equity of 9.10% and a net margin of 12.28%. The firm had revenue of C$301.50 million during the quarter, compared to analyst estimates of C$300.05 million. Analysts anticipate that TMX Group will post 1.6194927 EPS for the current fiscal year.

TMX Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, March 8th were paid a $0.18 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.98%. TMX Group's dividend payout ratio (DPR) is presently 55.47%.

Insider Buying and Selling

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

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.