TMX Group (TSE:X) sets new 12-month high after analyst upgrade

On By Vaseline


The TMX Group Limited (TSE: CIBC currently has a neutral rating on the stock. TMX Group traded as high as €37.06 and last traded at €37.02, with a volume of 38641 shares changing hands. The stock previously closed at C$36.51.

A number of other research firms have also recently expressed their opinions on X. Canaccord Genuity Group set a C$44.00 price target on shares of TMX Group and gave the stock a “buy” rating in a research note on Friday, April 26. TD Securities raised their target price on shares of TMX Group from C$34.00 to C$35.00 and gave the stock a “hold” rating in a research report on Wednesday, February 7th. National Bankshares raised their price target on shares of TMX Group from C$37.00 to C$40.00 and gave the company a “sector perform” rating in a research report on Tuesday. Barclays raised their price target on TMX Group from C$35.00 to C$38.00 in a report on Monday, April 8. Finally, Royal Bank of Canada raised their price target on TMX Group from C$36.00 to C$38.00 and gave the company a “sector perform” rating in a report on Monday, April 29th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of ‘Hold’ and a consensus price target of $39.38.

Read our latest stock analysis on TMX Group

Buying and selling with insider information

In other news, Senior Officer Jayakumar Rajarathinam sold 95,750 shares in a transaction dated Thursday, February 8. The shares were sold at an average price of C$33.78, for a total transaction of C$3,234,636.08. In other news, Senior Officer Jayakumar Rajarathinam sold 95,750 shares of the company’s stock in a transaction on Thursday, February 8. The shares were sold at an average price of C$33.78, for a total transaction of C$3,234,636.08. Senior officer Luc Fortin also sold 15,140 shares of the company’s stock in a transaction on Friday, March 1. The stock sold at an average price of C$35.32, for a total value of C$534,744.80. 5.57% of the shares are owned by company insiders.

TMX Group is trading 1.9% higher

The company’s 50-day simple moving average is $35.45 and its 200-day simple moving average is $32.69. The company has a market capitalization of C$10.29 billion, a price-to-earnings ratio of 29.07, a price-to-earnings ratio of 12.65 and a beta of 0.39. The company has a quick ratio of 0.01, a current ratio of 1.00 and a debt-to-equity ratio of 26.67.

TMX Group (TSE:X – Get a Free Report) last posted its earnings results on Monday, February 5th. The company reported C$0.37 earnings per share for the quarter, meeting the consensus estimate of C$0.37. TMX Group had a net margin of 12.28% and a return on equity of 9.10%. The company had revenue of C$301.50 million for the quarter, compared to analyst estimates of C$300.05 million. As a group, equity research analysts expect TMX Group Limited to post 1.6194927 earnings per share for the current year.

TMX Group increases dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31. Shareholders of record on Friday, May 31 will receive a dividend of $0.19 per share. The ex-dividend date is Thursday, May 16. This represents a dividend of $0.76 annually and a dividend yield of 2.04%. This is a positive change from TMX Group’s previous quarterly dividend of $0.18. TMX Group’s dividend payout ratio (DPR) currently stands at 55.47%.

Company profile of the TMX group

(Get a free report)

TMX Group Limited operates exchanges, markets and clearinghouses primarily for capital markets in Canada, the United States, the United Kingdom, Germany and internationally. It operates through four segments: Global Solutions, Insights & Analytics; Capital formation; Derivatives trading and clearing; and equities and fixed income trading and clearing.

read more



Receive daily news and reviews for TMX Group – Enter your email address below to receive a daily summary of the latest news and analyst ratings for TMX Group and associated companies with MarketBeat.com’s FREE daily email newsletter.