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Analysts Set TMX Group Limited (TSE:X) Price Target at C$147.78

Financial News Live ·  Aug 9, 2022 03:41

TMX Group Limited (TSE:X – Get Rating) has earned an average rating of "Hold" from the nine analysts that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$147.78.

A number of brokerages have commented on X. National Bankshares increased their target price on TMX Group from C$138.00 to C$143.00 and gave the company a "sector perform" rating in a report on Friday, July 29th. Haywood Securities decreased their price objective on TMX Group to C$138.00 and set a "sector perform" rating on the stock in a report on Friday, July 22nd. Royal Bank of Canada lifted their target price on TMX Group from C$159.00 to C$160.00 and gave the company an "outperform" rating in a report on Friday, July 29th. BMO Capital Markets reduced their target price on TMX Group from C$151.00 to C$147.00 in a report on Tuesday, July 19th. Finally, TD Securities lifted their target price on TMX Group from C$155.00 to C$160.00 and gave the company a "buy" rating in a report on Wednesday, May 4th.

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TMX Group Trading Up 0.2 %

TSE:X opened at C$129.92 on Thursday. The stock has a 50-day simple moving average of C$131.45 and a 200-day simple moving average of C$130.95. The stock has a market cap of C$7.22 billion and a P/E ratio of 13.92. TMX Group has a 1 year low of C$121.42 and a 1 year high of C$141.82. The company has a debt-to-equity ratio of 27.67, a quick ratio of 0.01 and a current ratio of 1.01.

TMX Group (TSE:X – Get Rating) last announced its earnings results on Thursday, July 28th. The company reported C$1.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$1.73 by C$0.15. The firm had revenue of C$286.10 million during the quarter, compared to analyst estimates of C$279.39 million. As a group, analysts anticipate that TMX Group will post 7.6199991 earnings per share for the current fiscal year.

TMX Group Announces Dividend

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 paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $3.32 annualized dividend and a yield of 2.56%. TMX Group's dividend payout ratio is 34.30%.

About TMX Group

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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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