CVEO 0MAL.TO 2.29BDGI.TO 5.42IYT 0.54IHF 1.16PTF -6.2STN.TO 1.91BIP.UN.TO 0.27
TMX Group (X.TO)

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
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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.

consensus icon
Consensus
Buy
valuation icon
Valuation
Fair Value
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Similar
CME
TOP PICK

TMX Group(X.TO)

Jun 04, 2009
A leveraged play on volume in the Canadian market. There has been an increase in volume as well as a lot of new issuances. 4.5% yield.
Photo of Gavin GrahamGavin Graham
Owned
Unlock Rating
$33.68

Stock price when the opinion was issued

$45.50

As of Jun 26, 2026. Market Open.

other services
TOP PICK

TMX Group(X.TO)

Apr 03, 2009
Has cash, derivatives, facilitation in equity markets, fixed incomes, energy markets, excellent characteristics and higher ROE levels. Good growth rate. Still has lots of room to run.
Photo of Peter GibsonPeter Gibson
Owned
Unlock Rating
$37.40

Stock price when the opinion was issued

$45.50

As of Jun 26, 2026. Market Open.

other services
PAST TOP PICK

TMX Group(X.TO)

Apr 02, 2009
(A Top Pick July 17/08. Up 9.3%.) Likes the stock. Yield of 4%, great management and it is a near monopoly. Trading at 14X earnings. Still not ridiculously expensive, but getting there. Buy below $30. A Hold.
Photo of Veronika HirschVeronika Hirsch
Owned
Unlock Rating
$37.50

Stock price when the opinion was issued

$45.50

As of Jun 26, 2026. Market Open.

other services
TOP PICK

TMX Group(X.TO)

Mar 23, 2009
Merger of the Toronto Stock Exchange and the Montreal Exchange still has a lot of synergies to be realized. Very good dividend that is safe. Have a lot of cash and cash flow is very good. If this is a new bull market you will get a lot of new listings and increased volumes.
Photo of Martin Hubbes, CFAMartin Hubbes, CFA
Owned
Unlock Rating
$34.97

Stock price when the opinion was issued

$45.50

As of Jun 26, 2026. Market Open.

other services
TOP PICK

TMX Group(X.TO)

Mar 05, 2009
(A Top Pick Feb 1/08. Down 34.1%.) Merger with the Montreal exchange was a good move. All the other exchanges in North America are getting hammered but this one is doing well.
Photo of Brendan CaldwellBrendan Caldwell
Owned
Unlock Rating
$30.43

Stock price when the opinion was issued

$45.50

As of Jun 26, 2026. Market Open.

other services
DON'T BUY

TMX Group(X.TO)

Mar 04, 2009
Thinks the merger with the Montreal Stock exchange is a good one. Will bear fruit in the future. Issue facing this company is competition from alternative trading platforms and doesn't think this has been fully reflected in the stock price. Would be cautious until you see a turn in the market.
Photo of Laura WallaceLaura WallaceUnlock Rating
$30.50

Stock price when the opinion was issued

$45.50

As of Jun 26, 2026. Market Open.

other services
TOP PICK

TMX Group(X.TO)

Jan 19, 2009
(A Top Pick Feb 1/08. Down 36.8%.) Good proxy for the market. Oversold. Seems to have bottomed out and wants to have higher. Likes management.
Photo of Brendan CaldwellBrendan Caldwell
Owned
Unlock Rating
$29.74

Stock price when the opinion was issued

$45.50

As of Jun 26, 2026. Market Open.

other services
SELL

TMX Group(X.TO)

Dec 01, 2008
(Market Call Minute.) Considered as a financial and not in a great environment.
Photo of David BurrowsDavid Burrows
No
Unlock Rating
$22.60

Stock price when the opinion was issued

$45.50

As of Jun 26, 2026. Market Open.

other services
TOP PICK

TMX Group(X.TO)

Oct 27, 2008
This has been a sentiment driven market. Anything could work out over the next little bit. Toronto Stock Exchange, options business and commodities business they have is well positioned. What ever works out in the Canadian market, this is a wonderful proxy for that.
Photo of Brendan CaldwellBrendan Caldwell
Owned
Unlock Rating
$24.14

Stock price when the opinion was issued

$45.50

As of Jun 26, 2026. Market Open.

other services
HOLD

TMX Group(X.TO)

Oct 23, 2008
Although volatility and volumes help them, historically things flat line and are quiet for some time after. This would be bad for them. There will likely be pressure to reduce costs for some transactions. Likes it for the long haul.
Photo of Bill MacLachlanBill MacLachlan
Owned
Unlock Rating
$28.00

Stock price when the opinion was issued

$45.50

As of Jun 26, 2026. Market Open.

other services
HOLD

TMX Group(X.TO)

Sep 30, 2008
Little bit of risk from the new trading platform, but reasonable valuation.
Photo of Gordon Higgins, CA, MBAGordon Higgins, CA, MBAUnlock Rating
$29.00

Stock price when the opinion was issued

$45.50

As of Jun 26, 2026. Market Open.

other services
BUY ON WEAKNESS

TMX Group(X.TO)

Sep 29, 2008
TSX exchange itself. Merging with Montreal. Listing revenue is amortized over a period of time. They sell a lot of data. People slow down trading in this kind of Market. There will be a margin issue in a couple of years.
Photo of Paul Harris, CFAPaul Harris, CFA
Owned
Unlock Rating
$28.65

Stock price when the opinion was issued

$45.50

As of Jun 26, 2026. Market Open.

other services
TOP PICK

TMX Group(X.TO)

Aug 18, 2008
Not brave enough for the banks yet but wanted to get a foot into the financials. Thinks that volumes are going to be good on the exchanges over the next while. Will benefit from this and cost savings from their merger with the Montreal exchange. 4.5% yield.
Photo of Michael DecterMichael Decter
Owned
Unlock Rating
$34.35

Stock price when the opinion was issued

$45.50

As of Jun 26, 2026. Market Open.

other services
TOP PICK

TMX Group(X.TO)

Jul 17, 2008
Everybody hates it because of competition coming, being in a bear market (fewer listings), etc. Ridiculously cheap. Huge ROE and a great yield. Everybody is asking about financials. If you want to own financials buy this one that has no credit risk as opposed to bottom fishing for banks. They are buying back stocks.
Photo of Veronika HirschVeronika Hirsch
Owned
Unlock Rating
$34.42

Stock price when the opinion was issued

$45.50

As of Jun 26, 2026. Market Open.

other services
DON'T BUY

TMX Group(X.TO)

Jul 11, 2008
(Market Call Minute.) Going to be difficult on revenues going forward.
Photo of David BurrowsDavid BurrowsUnlock Rating
$33.00

Stock price when the opinion was issued

$45.50

As of Jun 26, 2026. Market Open.

other services
Showing 151 to 165 of 363 entries

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