TMX Group (X) PT Raised to C$105.00

TMX Group (TSE:X) had its price target upped by TD Securities from C$98.00 to C$105.00 in a research note published on Tuesday, BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other equities research analysts also recently weighed in on the company. CIBC downgraded TMX Group from an outperform rating to a neutral rating and lowered their target price for the stock from C$101.00 to C$97.00 in a report on Tuesday, April 23rd. Royal Bank of Canada upgraded TMX Group from a sector perform rating to an outperform rating and lowered their target price for the stock from C$95.00 to C$89.00 in a report on Tuesday, January 15th. BMO Capital Markets lifted their target price on TMX Group from C$95.00 to C$105.00 in a report on Monday, May 13th. Finally, National Bank Financial lifted their target price on TMX Group from C$97.00 to C$103.00 and gave the stock an outperform rating in a report on Friday, May 10th.

TMX Group stock opened at C$91.70 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 33.49. The company has a market capitalization of $5.22 billion and a P/E ratio of 18.13. TMX Group has a one year low of C$68.87 and a one year high of C$93.95.

TMX Group (TSE:X) last issued its earnings results on Wednesday, February 13th. The company reported C$1.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$1.27 by C$0.04. The business had revenue of C$207.60 million during the quarter, compared to the consensus estimate of C$201.70 million. Equities analysts predict that TMX Group will post 5.94999973522142 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 24th will be issued a $0.62 dividend. The ex-dividend date is Thursday, May 23rd. This represents a $2.48 dividend on an annualized basis and a yield of 2.70%. TMX Group’s payout ratio is currently 46.65%.

In other TMX Group news, Senior Officer Mary Lou Hukezalie sold 3,000 shares of TMX Group stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of C$90.00, for a total value of C$270,000.00. Following the completion of the sale, the insider now directly owns 1,350 shares in the company, valued at C$121,500.

About TMX Group

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

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