National Bank Financial Raises TMX Group (TSE:X) Price Target to C$114.00

TMX Group (TSE:X) had its target price hoisted by National Bank Financial from C$103.00 to C$114.00 in a research report report published on Thursday morning, BayStreet.CA reports. They currently have an outperform rating on the stock. National Bank Financial also issued estimates for TMX Group’s Q4 2019 earnings at $1.47 EPS.

Several other equities research analysts have also weighed in on the company. TD Securities boosted their target price on TMX Group from C$105.00 to C$108.00 and gave the stock a buy rating in a report on Friday, July 26th. Royal Bank of Canada boosted their target price on TMX Group from C$106.00 to C$118.00 in a report on Thursday. CIBC lowered TMX Group from an outperform rating to a neutral rating and reduced their target price for the stock from C$101.00 to C$97.00 in a report on Tuesday, April 23rd. Finally, BMO Capital Markets boosted their target price on TMX Group from C$110.00 to C$115.00 in a report on Thursday.

X opened at C$114.01 on Thursday. The stock has a 50 day moving average of C$94.87. TMX Group has a twelve month low of C$68.87 and a twelve month high of C$114.61. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 33.73. The firm has a market cap of $6.33 billion and a price-to-earnings ratio of 22.54.

TMX Group (TSE:X) last posted its earnings results on Thursday, May 9th. The company reported C$1.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$1.16 by C$0.14. The company had revenue of C$197.50 million during the quarter, compared to analyst estimates of C$196.90 million. On average, research analysts expect that TMX Group will post 6 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 23rd will be issued a $0.62 dividend. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a $2.48 annualized dividend and a yield of 2.18%. TMX Group’s dividend payout ratio (DPR) is currently 46.65%.

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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