TMX Group (TSE:X) Hits New 1-Year High at $101.75

Shares of TMX Group Ltd (TSE:X) hit a new 52-week high on Tuesday . The company traded as high as C$101.75 and last traded at C$101.02, with a volume of 69575 shares. The stock had previously closed at C$101.25.

A number of equities research analysts have weighed in on the company. 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. 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. TD Securities lifted their target price on TMX Group from C$105.00 to C$108.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, 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.

The firm has a market cap of $5.59 billion and a price-to-earnings ratio of 19.96. The business has a fifty day moving average of C$93.58. The company has a debt-to-equity ratio of 33.73, a current ratio of 1.00 and a quick ratio of 0.01.

TMX Group (TSE:X) last issued its earnings results on Thursday, May 9th. The company reported C$1.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$1.16 by C$0.14. The business had revenue of C$197.50 million during the quarter, compared to the consensus estimate of C$196.90 million. As a group, analysts forecast that TMX Group Ltd will post 6 earnings per share for the current fiscal year.

In other news, Senior Officer Mary Lou Hukezalie sold 3,000 shares of the business’s 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 transaction of C$270,000.00. Following the completion of the sale, the insider now owns 1,350 shares in the company, valued at C$121,500.

TMX Group Company Profile (TSE:X)

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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