TMX Group (TSE:X) Hits New 52-Week Low – Time to Sell?

TMX Group Limited (TSE:X)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$44.10 and last traded at C$44.29, with a volume of 48764 shares trading hands. The stock had previously closed at C$44.60.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. TD Securities raised TMX Group from a “hold” rating to a “buy” rating and boosted their price target for the company from C$58.00 to C$60.00 in a research note on Wednesday, October 29th. Raymond James Financial upgraded shares of TMX Group from a “moderate buy” rating to a “strong-buy” rating and lifted their price objective for the company from C$59.00 to C$61.00 in a research note on Monday, February 9th. National Bank Financial increased their target price on shares of TMX Group from C$59.00 to C$60.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 28th. Royal Bank Of Canada decreased their price target on shares of TMX Group from C$67.00 to C$64.00 and set an “outperform” rating for the company in a research note on Monday, February 9th. Finally, Canaccord Genuity Group dropped their price objective on shares of TMX Group from C$64.00 to C$61.00 and set a “buy” rating on the stock in a report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$60.67.

TMX Group Stock Performance

The company has a 50-day simple moving average of C$50.16 and a two-hundred day simple moving average of C$51.93. 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 firm has a market cap of C$12.40 billion, a PE ratio of 29.92, a PEG ratio of 12.65 and a beta of -0.20.

TMX Group (TSE:X) last posted its quarterly earnings data on Thursday, February 5th. The company reported C$0.60 EPS for the quarter. The business had revenue of C$457.80 million for the quarter. TMX Group had a return on equity of 3.37% and a net margin of 25.80%. As a group, equities research analysts forecast that TMX Group Limited will post 1.7708421 earnings per share for the current year.

TMX Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Friday, March 6th will be given a dividend of $0.24 per share. This is an increase from TMX Group’s previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Friday, February 20th. TMX Group’s dividend payout ratio (DPR) is currently 56.38%.

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.