TMX Group Limited (TSE:X) Receives Consensus “Moderate Buy” Recommendation From Brokerages
Shares of TMX Group Limited (TSE:X – Get Rating) earned an average recommendation of “Hold” from the nine research firms that currently cover the company, reports MarketBeat Ratings. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The 12-month average price target among analysts who have rated the stock over the past year is C$147.89.
A number of research firms have weighed in on X recently. BMO Capital Markets raised its target price on TMX Group shares from C$147.00 to C$149.00 in a research report released Friday. Scotiabank raised its target price on TMX Group shares from C$150.00 to C$155.00 in a Tuesday, August 2 research report. Deutsche Bank Aktiengesellschaft lowered its price target on TMX Group shares from CA$151.00 to CA$147.00 in a Wednesday, October 12 research report. Royal Bank of Canada raised its target price on TMX Group shares from C$159.00 to C$160.00 and gave the stock an “outperform” rating in a Friday, July 29 research report . Finally, National Bankshares raised its price target on TMX Group shares from CA$138.00 to CA$143.00 and gave the company an “industry return” rating in a Friday 29 research report. July.
TMX Group up 1.2%
TSE:X opened at C$129.19 on Tuesday. The company has a fifty-day moving average of C$130.57 and a 200-day moving average of C$131.34. TMX Group has a 52-week low of C$121.42 and a 52-week high of C$139.90. The company has a quick ratio of 0.01, a current ratio of 1.01 and a debt ratio of 27.67. The company has a market capitalization of C$7.18 billion and a P/E ratio of 13.85.
TMX Group (TSE:X – Get Rating) last released its quarterly earnings data on Thursday, July 28. The company reported earnings per share (EPS) of C$1.88 for the quarter, beating consensus analyst estimates of C$1.73 by C$0.15. The company posted revenue of C$286.10 million for the quarter, compared to analysts’ expectations of C$279.39 million. On average, research analysts expect TMX Group to post earnings per share of 7.6099998 for the current year.
TMX Group Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 26. Investors 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 2.57%. The ex-dividend date was Thursday, August 11. The TMX Group payout ratio is 34.30%.
TMX Group Company Profile
(Get a rating)
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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