TMX Group Limited (TSE:X) Receives Average “Moderate Buy” Rating from Brokerages
Shares of TMX Group Limited (TSE:X – Get Rating) earned a consensus recommendation of “Hold” from the nine analysts who currently cover the company, Marketbeat Ratings reports. Three research analysts rated the stock with a hold recommendation and two gave the company a buy recommendation. The 12-month average price target among analysts who have quoted the stock over the past year is C$148.11.
X has been the subject of several research reports. Royal Bank of Canada raised its price target on TMX Group shares from C$159.00 to C$160.00 and gave the company an “outperform” rating in a Friday, July 29 report. BMO Capital Markets lowered its price target on TMX Group shares from C$151.00 to C$147.00 in a report released Tuesday, July 19. National Bankshares raised its price target on TMX Group shares from C$138.00 to C$143.00 and gave the company an “industry performance” rating in a report released Friday, July 29. Deutsche Bank Aktiengesellschaft raised its price target on TMX Group shares from C$149.00 to C$151.00 in a Friday, August 12 report. Finally, Haywood Securities lowered its price target on TMX Group shares to C$138.00 and set an “sector performance” rating for the company in a report released Friday, July 22.
TMX Group Stock Performance
TMX Group stock opened at C$128.21 on Friday. TMX Group has a 12-month low of CA$121.42 and a 12-month high of CA$140.83. The company has a market cap of C$7.13 billion and a price-to-earnings ratio of 13.74. The company has a debt ratio of 27.67, a current ratio of 1.01 and a quick ratio of 0.01. The company’s 50-day moving average price is CA$130.51 and its 200-day moving average price is CA$131.75.
TMX Group (TSE:X – Get Rating) last released its results on Thursday, July 28. The company reported earnings per share of C$1.88 for the quarter, beating the consensus estimate of C$1.73 by C$0.15. The company posted revenue of C$286.10 million in the quarter, compared to a consensus estimate of C$279.39 million. On average, research analysts expect TMX Group to post an EPS of 7.61 for the current fiscal year.
TMX Group Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, August 26. Shareholders of record on Friday August 26 received a dividend of $0.83. This represents a dividend of $3.32 on an annualized basis and a dividend yield of 2.59%. The ex-dividend date was Thursday, August 11. TMX Group’s payout ratio is currently 34.30%.
TMX Group Company Profile
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TMX Group Limited operates exchanges, markets and clearing houses primarily for the financial markets in Canada and abroad. The Company operates through four segments: Global Solutions, Insights & Analytics; Capital formation; Derivatives trading and clearing; and trading and clearing of equity and fixed income securities.
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