TMX Group (TSE:X) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Shares of TMX Group Limited (TSE:X) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$49.95 and traded as high as C$53.13. TMX Group shares last traded at C$52.95, with a volume of 1,167,268 shares traded.

Analyst Ratings Changes

Several analysts have weighed in on the company. BMO Capital Markets upped their target price on shares of TMX Group from C$62.00 to C$65.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. Royal Bank Of Canada lifted their price target on shares of TMX Group from C$69.00 to C$71.00 and gave the stock an “outperform” rating in a research report on Monday, June 15th. Scotia boosted their price target on shares of TMX Group from C$70.00 to C$71.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, May 6th. Barclays increased their price objective on shares of TMX Group from C$58.00 to C$59.00 in a report on Thursday, July 9th. Finally, National Bank Financial raised shares of TMX Group from a “hold” rating to an “outperform” rating and reduced their price objective for the company from C$65.00 to C$63.00 in a research note on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$65.28.

TMX Group Stock Up 0.8%

The stock has a market cap of C$14.79 billion, a price-to-earnings ratio of 24.75, a price-to-earnings-growth ratio of 12.65 and a beta of -0.15. The firm has a 50 day simple moving average of C$49.57 and a two-hundred day simple moving average of C$49.97. The company has a debt-to-equity ratio of 41.81, a current ratio of 2.76 and a quick ratio of 0.01.

TMX Group (TSE:X) last announced its quarterly earnings results on Thursday, July 30th. The company reported C$0.62 earnings per share for the quarter. TMX Group had a net margin of 16.84% and a return on equity of 3.81%. The business had revenue of C$487.50 million for the quarter. As a group, sell-side analysts expect that TMX Group Limited will post 1.7708421 EPS for the current year.

TMX Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 28th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Friday, August 14th. This is a boost from TMX Group’s previous quarterly dividend of $0.24. TMX Group’s dividend payout ratio (DPR) is 42.40%.

About TMX Group

TMX Group Ltd is a company that operates several global markets to provide investment opportunities for its clients. TMX Group’s key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, and Trayport, which provides listing markets, trading markets, clearing facilities, depository services, technology solutions, data products, and other services to the global financial community.