TMX Group Limited (TSE:X) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

TMX Group Limited (TSE:X) has earned a consensus rating of “Moderate Buy” from the ten ratings firms that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is C$65.55.

X has been the topic of a number of recent research reports. Barclays lifted their price target on TMX Group from C$58.00 to C$59.00 in a research note on Thursday, July 9th. National Bank Financial raised TMX Group from a “hold” rating to an “outperform” rating and cut their price objective for the stock from C$65.00 to C$63.00 in a research note on Monday, July 27th. Canaccord Genuity Group raised their price target on shares of TMX Group from C$64.00 to C$65.00 and gave the stock a “buy” rating in a report on Wednesday. Raymond James Financial dropped their price target on shares of TMX Group from C$65.25 to C$64.50 and set a “strong-buy” rating on the stock in a research report on Friday, July 31st. Finally, RBC Dominion Securities lowered their target price on shares of TMX Group from C$69.00 to C$67.00 and set an “outperform” rating for the company in a research note on Thursday.

TMX Group Price Performance

TSE:X traded down C$0.18 on Friday, hitting C$54.13. The company had a trading volume of 703,532 shares, compared to its average volume of 807,469. The stock has a market capitalization of C$14.91 billion, a price-to-earnings ratio of 24.94, a PEG ratio of 12.65 and a beta of -0.17. The company has a current ratio of 2.76, a quick ratio of 0.01 and a debt-to-equity ratio of 41.81. The firm has a 50 day moving average of C$53.39 and a two-hundred day moving average of C$51.84. TMX Group has a 52 week low of C$44.10 and a 52 week high of C$57.27.

TMX Group (TSE:X) last posted its earnings results on Thursday, July 30th. The company reported C$0.62 earnings per share for the quarter. The firm had revenue of C$487.50 million for the quarter. TMX Group had a net margin of 32.55% and a return on equity of 3.81%. On average, research analysts anticipate that TMX Group will post 1.77 earnings per share for the current year.

TMX Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 28th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Friday, August 14th. This is an increase from TMX Group’s previous quarterly dividend of $0.24. TMX Group’s dividend payout ratio (DPR) is 42.40%.

Insider Buying and Selling at TMX Group

In other news, insider Cheryl Graden sold 17,000 shares of the business’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of C$54.14, for a total value of C$920,380.00. Over the last three months, insiders sold 41,735 shares of company stock valued at $2,268,124. Company insiders own 1.15% of the company’s stock.

About TMX Group

TMX Group operates global markets, and builds digital communities and analytic solutions that facilitate the funding, growth and success of businesses, traders and investors. TMX Group’s key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, TSX Trust, TMX Trayport, TMX Datalinx, TMX VettaFi and TMX Newsfile, which provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community.