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TMX Group Limited (TSE:X) Receives Consensus Rating of "Moderate Buy" from Brokerages

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TMX Group Limited (TSE:X – Get Rating) has received a consensus recommendation of "Hold" from the nine brokerages that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$147.78.

A number of analysts have commented on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of TMX Group from C$150.00 to C$148.00 in a research note on Wednesday, July 13th. Haywood Securities decreased their price target on shares of TMX Group to C$138.00 and set a "sector perform" rating for the company in a research note on Friday, July 22nd. Royal Bank of Canada boosted their price target on shares of TMX Group from C$159.00 to C$160.00 and gave the company an "outperform" rating in a research note on Friday, July 29th. TD Securities boosted their price target on shares of TMX Group from C$155.00 to C$160.00 and gave the company a "buy" rating in a research note on Wednesday, May 4th. Finally, National Bankshares boosted their price target on shares of TMX Group from C$138.00 to C$143.00 and gave the company a "sector perform" rating in a research note on Friday, July 29th.

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TMX Group Stock Down 0.3 %

TSE:X opened at C$131.08 on Thursday. The firm's 50 day simple moving average is C$131.87 and its 200 day simple moving average is C$130.81. The company has a debt-to-equity ratio of 27.59, a current ratio of 1.01 and a quick ratio of 0.01. TMX Group has a one year low of C$121.42 and a one year high of C$145.69. The company has a market cap of C$7.29 billion and a PE ratio of 14.50.

TMX Group (TSE:X – Get Rating) last released its quarterly earnings data on Monday, May 2nd. The company reported C$1.82 earnings per share for the quarter, beating the consensus estimate of C$1.75 by C$0.07. The company had revenue of C$287.10 million during the quarter, compared to the consensus estimate of C$258.77 million. On average, research analysts anticipate that TMX Group will post 7.6078444 earnings per share for the current year.

TMX Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 26th. Shareholders of record on Friday, August 26th will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date is Thursday, August 11th. TMX Group's dividend payout ratio is 35.40%.

About TMX Group

(Get Rating)

TMX Group Limited operates exchanges, markets, and clearinghouses primarily for capital markets in Canada and internationally. The company operates through four segments: Global Solutions, Insights & Analytics; Capital Formation; Derivatives Trading and Clearing; and Equities and Fixed Income Trading & Clearing.

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