BMO Capital Markets Raises TMX Group (TSE:X) Price Target to C$115.00

TMX Group (TSE:X) had its price objective lifted by BMO Capital Markets from C$110.00 to C$115.00 in a research report released on Thursday, BayStreet.CA reports.

Other equities research analysts have also recently issued research reports about the company. TD Securities boosted their target price on TMX Group from C$105.00 to C$108.00 and gave the company a buy rating in a research note on Friday, July 26th. National Bank Financial boosted their target price on TMX Group from C$97.00 to C$103.00 and gave the company an outperform rating in a research note on Friday, May 10th. Finally, CIBC cut TMX Group from an outperform rating to a neutral rating and cut their target price for the company from C$101.00 to C$97.00 in a research note on Tuesday, April 23rd.

Shares of X traded down C$0.97 on Thursday, hitting C$112.67. The company’s stock had a trading volume of 132,834 shares, compared to its average volume of 139,313. The company has a quick ratio of 0.01, a current ratio of 1.00 and a debt-to-equity ratio of 33.73. The business has a fifty day moving average of C$94.43. TMX Group has a fifty-two week low of C$68.87 and a fifty-two week high of C$114.46. The stock has a market capitalization of $5.66 billion and a price-to-earnings ratio of 22.25.

TMX Group (TSE:X) last released its earnings results on Thursday, May 9th. The company reported C$1.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$1.16 by C$0.14. The firm had revenue of C$197.50 million during the quarter, compared to the consensus estimate of C$196.90 million. Sell-side analysts expect that TMX Group will post 6 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 23rd will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Thursday, August 22nd. TMX Group’s payout ratio is 46.65%.

In other news, Senior Officer Mary Lou Hukezalie sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of C$90.00, for a total transaction of C$270,000.00. Following the sale, the insider now owns 1,350 shares in the company, valued at approximately C$121,500.

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 & Clearing; and Equities and Fixed Income Trading and Clearing.

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