TMX Group (TSE:X) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Shares of TMX Group Limited (TSE:X) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$42.24 and traded as high as C$44.54. TMX Group shares last traded at C$44.28, with a volume of 335,615 shares traded.

Wall Street Analyst Weigh In

X has been the subject of a number of research reports. National Bankshares lifted their price target on TMX Group from C$43.00 to C$44.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. CIBC lifted their target price on TMX Group from C$43.00 to C$46.00 in a research report on Thursday, October 31st. Barclays upped their price target on TMX Group from C$45.00 to C$47.00 in a research report on Monday, December 9th. TD Securities lifted their price objective on shares of TMX Group from C$42.00 to C$43.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Finally, BMO Capital Markets increased their target price on shares of TMX Group from C$50.00 to C$62.00 in a report on Thursday, December 5th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$46.94.

TMX Group Price Performance

The business has a 50 day simple moving average of C$44.12 and a 200-day simple moving average of C$42.34. The company has a market capitalization of C$12.35 billion, a P/E ratio of 30.27, a PEG ratio of 12.65 and a beta of 0.43. The company has a quick ratio of 0.01, a current ratio of 1.00 and a debt-to-equity ratio of 51.71.

TMX Group (TSE:X) last posted its earnings results on Wednesday, October 30th. The company reported C$0.41 EPS for the quarter, topping the consensus estimate of C$0.40 by C$0.01. The firm had revenue of C$353.80 million during the quarter, compared to analysts’ expectations of C$356.24 million. TMX Group had a net margin of 13.39% and a return on equity of 10.08%. Analysts predict that TMX Group Limited will post 1.7708421 EPS for the current fiscal year.

TMX Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 29th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.71%. TMX Group’s dividend payout ratio (DPR) is 50.34%.

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.