TMX Group (TSE:X) Hits New 1-Year High – Time to Buy?

TMX Group Limited (TSE:X) hit a new 52-week high on Monday . The stock traded as high as C$57.12 and last traded at C$56.61, with a volume of 235831 shares traded. The stock had previously closed at C$55.98.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on X shares. Barclays upped their price objective on TMX Group from C$55.00 to C$56.00 in a research report on Wednesday, May 7th. TD Securities boosted their target price on TMX Group from C$49.00 to C$54.00 and gave the company a “hold” rating in a research report on Wednesday, April 30th. Scotiabank raised their price objective on shares of TMX Group from C$56.00 to C$58.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 7th. Canaccord Genuity Group boosted their target price on shares of TMX Group from C$52.00 to C$58.00 and gave the company a “buy” rating in a research note on Wednesday, May 7th. Finally, CIBC increased their price objective on TMX Group from C$55.00 to C$57.00 and gave the stock a “neutral” rating in a research note on Monday, April 28th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$55.13.

TMX Group Trading Up 1.3%

The firm has a market capitalization of C$15.77 billion, a PE ratio of 32.74, a price-to-earnings-growth ratio of 12.65 and a beta of 0.43. The company has a quick ratio of 0.01, a current ratio of 1.01 and a debt-to-equity ratio of 47.49. The company’s 50-day simple moving average is C$53.94 and its 200 day simple moving average is C$49.83.

TMX Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, June 6th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $0.80 annualized dividend and a yield of 1.41%. TMX Group’s dividend payout ratio (DPR) is 42.72%.

About TMX Group

TMX Group Ltd is a company that operates several global markets to provide investment opportunities for its clients. TMX Group’s key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, and Trayport, which provides listing markets, trading markets, clearing facilities, depository services, technology solutions, data products, and other services to the global financial community.