National Bank Financial Research Analysts Reduce Earnings Estimates for Tmx Group Limited (X)

Tmx Group Limited (TSE:X) – Analysts at National Bank Financial lowered their FY2017 EPS estimates for Tmx Group in a note issued to investors on Wednesday. National Bank Financial analyst J. Gloyn now anticipates that the company will post earnings per share of $4.48 for the year, down from their prior estimate of $4.55. National Bank Financial currently has a “Outperform” rating and a $83.00 target price on the stock. National Bank Financial also issued estimates for Tmx Group’s Q4 2017 earnings at $1.07 EPS, FY2018 earnings at $5.11 EPS and FY2019 earnings at $5.32 EPS.

Several other equities analysts have also weighed in on X. Scotiabank increased their price objective on Tmx Group from C$76.00 to C$79.00 and gave the company a “sector perform” rating in a report on Monday, November 13th. CIBC upgraded Tmx Group from a “neutral” rating to an “outperform” rating in a research report on Monday, October 30th. Finally, Royal Bank of Canada increased their target price on Tmx Group from C$74.00 to C$75.00 and gave the stock a “sector perform” rating in a research report on Monday, October 30th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of C$78.83.

Tmx Group (TSE:X) opened at C$71.49 on Friday. Tmx Group has a twelve month low of C$64.81 and a twelve month high of C$79.90. The firm has a market capitalization of $3,960.00, a price-to-earnings ratio of 19.97 and a beta of 0.29.

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Tmx Group Company Profile

TMX Group Limited operates exchanges, markets, and clearing houses primarily for capital markets in Canada. It operates in six segments: Market Insights; Capital Formation; Derivatives Trading & Clearing; Equities and Fixed Income Trading & Clearing; Energy Trading & Clearing; and Market Solutions.

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