TMX Group (TSE:X) Given New C$40.00 Price Target at CIBC

TMX Group (TSE:X) had its price target increased by CIBC from C$38.00 to C$40.00 in a report published on Friday, BayStreet.CA reports. The firm currently has a neutral rating on the stock.

Several other brokerages also recently issued reports on X. TD Securities raised their price objective on shares of TMX Group from C$34.00 to C$35.00 and gave the stock a hold rating in a research report on Wednesday, February 7th. National Bankshares raised their price target on TMX Group from C$37.00 to C$40.00 and gave the stock a sector perform rating in a report on Tuesday, April 30th. Canaccord Genuity Group set a C$44.00 target price on shares of TMX Group and gave the stock a buy rating in a research report on Friday, April 26th. Scotiabank increased their price target on shares of TMX Group from C$38.00 to C$39.00 and gave the company a sector perform rating in a report on Tuesday, April 30th. Finally, Barclays boosted their price objective on shares of TMX Group from C$35.00 to C$38.00 in a report on Monday, April 8th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, TMX Group presently has an average rating of Hold and a consensus price target of C$39.88.

TMX Group Stock Down 0.6 %

Shares of TSE:X opened at C$37.00 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 26.67. The firm has a 50 day simple moving average of C$35.57 and a 200-day simple moving average of C$32.83. The company has a market capitalization of C$10.24 billion, a PE ratio of 28.91, a P/E/G ratio of 12.65 and a beta of 0.39. TMX Group has a twelve month low of C$28.23 and a twelve month high of C$37.59.

TMX Group (TSE:X) last issued its quarterly earnings data on Thursday, May 2nd. The company reported C$0.38 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.37 by C$0.01. The company had revenue of C$345.90 million during the quarter, compared to analysts’ expectations of C$338.61 million. TMX Group had a return on equity of 9.10% and a net margin of 12.28%. On average, equities analysts predict that TMX Group will post 1.6194927 EPS for the current fiscal year.

TMX Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 31st will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.76 dividend on an annualized basis and a yield of 2.05%. This is a boost from TMX Group’s previous quarterly dividend of $0.18. TMX Group’s payout ratio is presently 55.47%.

Insider Buying and Selling at TMX Group

In related news, Senior Officer Jayakumar Rajarathinam sold 95,750 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of C$33.78, for a total transaction of C$3,234,636.08. In other news, Senior Officer Jayakumar Rajarathinam sold 95,750 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of C$33.78, for a total value of C$3,234,636.08. Also, Senior Officer Luc Fortin sold 15,140 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of C$35.32, for a total transaction of C$534,744.80. 5.57% of the stock is owned by insiders.

TMX Group Company Profile

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