TSE:X

TMX Group (X.TO)

45.50
+0.09 (0.20%)
as of Jun 26, 2026, 8:00:00 pm Market Open.
81 watching
0
Investor Insights
star iconJun 26, 2026, 12:00 am

This summary was created by AI, based on 17 opinions in the last 12 months.

TMX Group, symbol X-T, is viewed favorably by several experts for its potential value, despite recent market downturns. Analysts appreciate its unique position in the financial industry as a comprehensive trading platform providing recurring revenue streams, especially from derivatives and data analytics, which contribute significantly to its growth. While some express concerns about the impact of AI and competition in the market, the overall risks appear to be overstated given TMX's role as a toll road in the capital markets and strong historical performance. The company's solid financials, including consistent dividend growth and a healthy balance sheet, suggest it is well-positioned for the future. With analysts offering price targets ranging from $61.00 to $63.07, there is a prevailing optimism regarding TMX's potential upside despite the short-term volatility.

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Consensus
Buy
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Valuation
Fair Value
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Similar
CME
BUY
Longer term there is going to be an increase in the number of trading systems, but there will be great long-term growth in the industry due to global exposure as foreign investment in Canada increases. They may snap up some of these alternative systems.
HOLD
Market share loss from competitive stress. Trying to diversify their business. It will eventually pay off but not in the short term. It’s a strong cash flow generating company.
SELL
He is finding that less than 50%, sometimes only 25% of his trades are going through this exchange. Recently cut its listing fees. Neither of these things is good for the stock.
BUY
The monopoly is going away. Big traders are trading off-market to save fees. Likes business. Recommends sticking with it.
DON'T BUY
(Market call minute) High Quality, but it’s not being bought.
DON'T BUY
Recently signed some agreements – are trying to diversify. They are loosing market share to competitors such as Alpha. They are down from 97% to under 80% market share, which concerns him. But they are trading at a significant discount at present. There could be a bounce short term.
TOP PICK
Canada has what the world needs. In the environment we are heading, more and more money will enter the country. As asset location of global pension funds shift to increase the level of hard assets, this TSX will benefit. 5% dividend yield. Undervalued.
BUY
Yield of over 5%. Losing market share to electronic exchanges but they are making it up on volume, which is exploding.
COMMENT
Convinced we will have a double dip and there will be a selloff before we go higher. Won't go higher in a hurry but will be a long, slow, grinding recovery.
BUY
Thinks the market is in a bull phase and we are currently in a corrective phase. This sideways consolidation could last a few months. This company makes money through volumes.
DON'T BUY
Had a congested area from May through October where buyers and sellers fought it out in the price didn't move much. It then had a break down and so the next support is not until about $22.
PAST TOP PICK
(Top Pick Mar 23/09 Up .03%) Still likes and holds it.
PAST TOP PICK
(A Top Pick Aug 18/08. Up 1.6%.) Sold his holdings at $32 for a loss of 6.8%. Too much competition coming.
PAST TOP PICK
(A Top Pick July 17/08. Up 5.79%.) Her favourite stock in the financial sector because it doesn't have the credit risks of the others. Also benefits from the recovery in the stock market. Expecting far better numbers next quarter because of all the new issues. Trading at very cheap multiples.
DON'T BUY
Had a peak in the latter part of 07 and reached its low in the latter part of 08. Retracement to date is about 1/3. He would say it is displaying relative weakness compared to its peers. To him this is a bad omen.
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