National Bank Financial Reviews Q4 2021 Results for TMX Group Limited (TSE: X)
TMX Group Limited (TSE: X) – Investment analysts at National Bank Financial increased their estimates of fourth quarter 2021 earnings per share for TMX Group shares in a research report released on Monday, November 8. National Bank Financial analyst J. Gloyn now expects the company to post earnings per share of $ 1.65 for the quarter, up from its previous forecast of $ 1.63. National Bank Financial currently has a “Sector Perform” rating and a target price of $ 152.00 for the share. National Bank Financial also released TMX Group earnings estimates for the fourth quarter of 2021 at $ 1.65 per share.
X has been the subject of a number of other reports. National Bank Shares raised its price target for TMX Group shares from C $ 152.00 to C $ 154.00 and assigned the company a “sector performance” rating in a research report on Friday, October 22. TD Securities raised its price target for TMX Group shares from C $ 155.00 to C $ 160.00 and assigned a “buy” rating to the stock in a research note on Friday August 6. Royal Bank of Canada reduced its price target for TMX Group shares from C $ 159.00 to C $ 157.00 and established a “sector performance” rating for the company in a research report released Tuesday. Deutsche Bank Aktiengesellschaft reiterated a “strong buy” rating on TMX Group shares in a research report on Thursday, October 14. Finally, Scotiabank increased its target price on TMX Group from C $ 155.00 to C $ 157.00 in a research note on Wednesday, October 27. Four research analysts gave the stock a conservation rating, two gave the stock a buy rating, and one gave the stock a high buy rating. According to MarketBeat, TMX Group has an average rating of “Buy” and an average target price of C $ 154.29.
Shares of TSE: X opened at C $ 134.38 on Wednesday. TMX Group has a one-year low of C $ 120.13 and a one-year high of C $ 145.69. The company has a debt to equity ratio of 29.92, a current ratio of 1.01 and a rapid ratio of 0.02. The stock has a market capitalization of C $ 7.57 billion and a price-to-earnings ratio of 24.18. The company has a fifty-day moving average price of CA $ 137.07 and a 200-day moving average price of CA $ 135.20.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 10. Investors of record on Friday, November 26 will receive a dividend of $ 0.77. This represents an annualized dividend of $ 3.08 and a yield of 2.29%. The ex-dividend date is Thursday, November 25. TMX Group’s payout ratio is 51.64%.
About TMX Group
TMX Group Limited operates exchanges, marketplaces and clearing houses primarily for the capital markets in Canada and abroad. The company operates through four segments: Global Solutions, Insights & Analytics; Capital formation; Trading and clearing of derivative products; and Trading and clearing of equities and fixed income securities.
Recommended Story: What Is Intrinsic Worth?
This instant news alert was powered by narrative science technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Should you invest $ 1,000 in TMX Group now?
Before considering TMX Group, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts quietly whisper to their clients to buy now before the market in general takes over … and TMX Group was not on the list.
Although TMX Group currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks to be better buys.
See the 5 actions here