TMX Group (TSE:X) Reaches New 1-Year High – Still a Buy?

TMX Group Limited (TSE:X) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$45.68 and last traded at C$45.62, with a volume of 79652 shares trading hands. The stock had previously closed at C$45.25.

Wall Street Analyst Weigh In

X has been the topic of several recent research reports. TD Securities raised their target price on shares of TMX Group from C$42.00 to C$43.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Barclays raised their target price on shares of TMX Group from C$45.00 to C$47.00 in a research note on Monday, December 9th. CIBC lifted their price objective on shares of TMX Group from C$43.00 to C$46.00 in a research note on Thursday, October 31st. BMO Capital Markets lifted their price objective on shares of TMX Group from C$50.00 to C$62.00 in a research note on Thursday, December 5th. Finally, National Bankshares lifted their price objective on shares of 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. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$46.94.

TMX Group Stock Down 0.1 %

The company has a debt-to-equity ratio of 51.71, a quick ratio of 0.01 and a current ratio of 1.00. The stock has a market capitalization of C$12.77 billion, a price-to-earnings ratio of 31.29, a P/E/G ratio of 12.65 and a beta of 0.43. The firm’s fifty day simple moving average is C$44.22 and its 200 day simple moving average is C$43.13.

TMX Group (TSE:X) last announced 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 for the quarter, compared to the consensus estimate of C$356.24 million. TMX Group had a net margin of 13.39% and a return on equity of 10.08%. On average, sell-side analysts forecast that TMX Group Limited will post 1.7708421 earnings per share for the current year.

TMX Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 29th were issued a dividend of $0.19 per share. The ex-dividend date was Friday, November 15th. This represents a $0.76 annualized dividend and a yield of 1.65%. TMX Group’s dividend payout ratio (DPR) is currently 50.34%.

About TMX Group

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.