TMX Group (TSE:X) Shares Pass Above 200-Day Moving Average of $32.45

TMX Group Limited (TSE:X)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$32.45 and traded as high as C$36.25. TMX Group shares last traded at C$36.04, with a volume of 233,876 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on X. Canaccord Genuity Group set a C$44.00 price target on TMX Group and gave the stock a “buy” rating in a report on Friday. BMO Capital Markets upgraded shares of TMX Group from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from C$36.00 to C$41.00 in a research note on Monday, March 25th. Barclays upped their target price on shares of TMX Group from C$35.00 to C$38.00 in a research report on Monday, April 8th. Royal Bank of Canada boosted their price target on shares of TMX Group from C$34.00 to C$36.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 6th. Finally, Scotiabank upped their price objective on shares of TMX Group from C$36.00 to C$38.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 7th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of C$38.38.

TMX Group Stock Performance

The business’s fifty day moving average price is C$35.25 and its two-hundred day moving average price is C$32.48. The company has a debt-to-equity ratio of 26.67, a quick ratio of 0.01 and a current ratio of 1.00. The stock has a market capitalization of C$10.06 billion, a P/E ratio of 28.42, a P/E/G ratio of 12.65 and a beta of 0.39.

TMX Group (TSE:X) last issued its quarterly earnings results on Monday, February 5th. The company reported C$0.37 EPS for the quarter, meeting the consensus estimate of C$0.37. The company had revenue of C$301.50 million for the quarter, compared to the consensus estimate of C$300.05 million. TMX Group had a net margin of 12.28% and a return on equity of 9.10%. As a group, sell-side analysts forecast that TMX Group Limited will post 1.6194927 earnings per share for the current year.

TMX Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, March 8th were given a $0.18 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $0.72 annualized dividend and a dividend yield of 1.98%. TMX Group’s payout ratio is presently 55.47%.

Insider Buying and Selling

In other TMX Group news, Senior Officer Luc Fortin sold 15,140 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of C$35.32, for a total transaction of C$534,744.80. In other news, Senior Officer Luc Fortin sold 15,140 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of C$35.32, for a total value of C$534,744.80. Also, Senior Officer Jayakumar Rajarathinam sold 95,750 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of C$33.78, for a total transaction of C$3,234,636.08. 5.57% of the stock is currently owned by company insiders.

TMX Group Company Profile

TMX Group Limited operates exchanges, markets, and clearinghouses primarily for capital markets in Canada, the United States, the United Kingdom, Germany, and internationally. It operates through four segments: Global Solutions, Insights & Analytics; Capital Formation; Derivatives Trading & Clearing; and Equities and Fixed Income Trading & Clearing.