TMX Group (TSE:X) Upgraded to “Strong-Buy” at Raymond James Financial

TMX Group (TSE:X) was upgraded by stock analysts at Raymond James Financial from an “outperform” rating to a “strong-buy” rating in a research report issued on Monday,BayStreet.CA reports. The firm presently has a C$61.00 price target on the stock, up from their prior price target of C$59.00. Raymond James Financial’s price objective points to a potential upside of 32.21% from the stock’s current price.

X has been the topic of a number of other reports. Royal Bank Of Canada increased their price objective on TMX Group from C$66.00 to C$67.00 in a research report on Wednesday, October 29th. TD Securities raised TMX Group from a “hold” rating to a “buy” rating and boosted their price objective for the stock from C$58.00 to C$60.00 in a report on Wednesday, October 29th. National Bankshares upped their target price on shares of TMX Group from C$59.00 to C$60.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 28th. Finally, Scotiabank set a C$70.00 price target on shares of TMX Group and gave the stock a “sector perform” rating in a research report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$60.67.

TMX Group Price Performance

TSE:X traded up C$0.72 during mid-day trading on Monday, reaching C$46.14. 462,758 shares of the company were exchanged, compared to its average volume of 632,846. 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 stock has a market cap of C$12.84 billion, a PE ratio of 27.96, a PEG ratio of 12.65 and a beta of -0.20. TMX Group has a 12 month low of C$44.82 and a 12 month high of C$57.98. The company has a fifty day moving average of C$50.96 and a 200 day moving average of C$52.47.

TMX Group (TSE:X) last announced its earnings results on Thursday, February 5th. The company reported C$0.60 earnings per share (EPS) for the quarter. TMX Group had a net margin of 25.80% and a return on equity of 3.37%. The company had revenue of C$457.80 million for the quarter. On average, research analysts anticipate that TMX Group will post 1.7708421 EPS for the current fiscal year.

TMX Group Company Profile

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.