Highlights

  • Multiple brokerages revised ratings and target prices recently
  • Latest quarter reported earnings, revenue, and margin metrics
  • Shares declined over the past month based on latest data

TMX Group Ltd (TSX:X) has featured in recent brokerage research following a rating change and revised price objectives. Raymond James Financial upgraded its rating on the stock and increased its target price to C$61.00 from C$59.00, according to BayStreet.ca. Other brokerages have also updated their coverage in recent months. National Bankshares lifted its target from C$59.00 to C$60.00 while maintaining a sector perform rating. Scotiabank set a target of C$70.00 and assigned a sector perform rating. TD Securities adjusted its rating to buy and raised its target from C$58.00 to C$60.00. Royal Bank of Canada increased its target from C$66.00 to C$67.00.

Current Trading Update

Shares of TMX Group last closed at C$46.67 on 9 February. Based on this price, Raymond James Financial’s C$61.00 target corresponds to a potential upside of 32.21% from the stated current level. MarketBeat data shows a spread of analyst ratings across Strong Buy, Buy, and Hold categories, with a consensus rating of “Moderate Buy” and a consensus target price of C$60.67.

Latest Earnings

TMX Group reported quarterly earnings on 5 February, posting earnings per share of C$0.60. Revenue for the quarter totalled C$457.80 million. Reported financial indicators included a return on equity of 3.37% and a net margin of 25.80%. Aggregated analyst forecasts point to earnings per share of 1.7708421 for the current fiscal year.

TMX Group Ltd operates several global markets and provides services including listing venues, trading platforms, clearing and depository services, technology solutions, and data products. Its operations include the Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, and Trayport, serving participants across multiple regions.