TMX Group Limited (TSE:X – Get Rating) has been assigned a consensus rating of "Hold" from the nine ratings firms that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$148.11.
A number of equities research analysts have issued reports on the stock. Haywood Securities reduced their price objective on shares of TMX Group to C$138.00 and set a "sector perform" rating for the company in a research report on Friday, July 22nd. Scotiabank lifted their price target on shares of TMX Group from C$150.00 to C$155.00 in a research report on Tuesday, August 2nd. National Bankshares lifted their price target on shares of TMX Group from C$138.00 to C$143.00 and gave the stock a "sector perform" rating in a research note on Friday, July 29th. BMO Capital Markets lowered their target price on shares of TMX Group from C$151.00 to C$147.00 in a report on Tuesday, July 19th. Finally, Royal Bank of Canada upped their price target on shares of TMX Group from C$159.00 to C$160.00 and gave the stock an "outperform" rating in a report on Friday, July 29th.Get TMX Group alerts:
TMX Group Price Performance
X opened at C$125.00 on Friday. TMX Group has a 1 year low of C$121.42 and a 1 year high of C$140.14. The stock has a fifty day moving average price of C$130.45 and a 200 day moving average price of C$131.52. The stock has a market cap of C$6.95 billion and a price-to-earnings ratio of 13.40. The company has a current ratio of 1.01, a quick ratio of 0.01 and a debt-to-equity ratio of 27.67.TMX Group (TSE:X – Get Rating) last posted its quarterly earnings data on Thursday, July 28th. The company reported C$1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.73 by C$0.15. The firm had revenue of C$286.10 million for the quarter, compared to analyst estimates of C$279.39 million. Analysts forecast that TMX Group will post 7.61 EPS for the current fiscal year.
TMX Group Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, August 26th. Stockholders of record on Friday, August 26th were given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 2.66%. The ex-dividend date of this dividend was Thursday, August 11th. TMX Group's payout ratio is presently 34.30%.
About TMX Group
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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