TSE:X

TMX Group (X.TO)

49.56
+0.49 (1.00%)
as of Jun 5, 2026, 8:00:00 pm Market Open.
81 watching
0
Investor Insights
star iconJun 5, 2026, 12:00 am

This summary was created by AI, based on 15 opinions in the last 12 months.

TMX Group, operating the Montreal Exchange and other trading platforms, is viewed favorably by analysts due to its unique positioning within the financial industry. Acquisitions, including CBOE Canada, have reinforced its market presence, particularly in the mining sector, where it holds significant trade volumes. Despite concerns over potential AI disruptions, experts believe TMX's core operations and data analytics segments will continue to generate steady revenue and dividends. Analysts project upside potential in share price, underpinned by consistent historical growth in dividends and a robust balance sheet, making it an appealing prospect for long-term holders as it navigates current market challenges.

consensus icon
Consensus
Buy
valuation icon
Valuation
Fair Value
review icon
Similar
CME
HOLD
Had a huge run and then pulled back. There are some legitimate concerns about competition.
COMMENT
Competition is going to lower the cost of transactions, which impacted the stock. Doesn't think this will go anywhere for the next 2 years.
DON'T BUY
Not a fan of this stock. They are in a perfect negative storm here. One thing they have going for them is that resource stocks are doing well. They have lost a number of their large cap, high-volume listings. 2 start-up groups will be competing with them.
DON'T BUY
An expensive stock. Are definitely going to have very strong competition in the next couple of years.
DON'T BUY
His model price is $40.22, a negative 7% differential. Still too expensive.
DON'T BUY
Formidable competition is coming by way of a new trading platform by the bank owned brokerages. Expecting that margins and profits will be reduced.
COMMENT
Is finally having some deceleration in it's earning momentum. It's been generally well managed. Is a quasi-monopoly, with competition coming on.It will need to lower it's rates, which is good for consumers.
DON'T BUY
Banks have deep pockets and want to get a share of the trading that TSX has. TSX may have to cut there fees by 20%, which doesn't translate into higher profits. Is interest rate sensitive as far as if the market softens that effects their volumes.
SELL
They have bought in the past, and recently sold. The alternate trading system being put together by the banks took the shine out of it's perceived value. Would get back in once the impact of the alternate trading system is seen.
RISKY
Fair market value currently is $87-$88 so there is a lot of upside. It's currently at 10 times book value, so it's not cheap. This is a speculation. He likes to buy at book or twice book.
DON'T BUY
Banks may be going to get involved in alternative markets, which is a competitive threat to them. All the regulatory commissions are driving newer companies to international markets.
DON'T BUY
Facing some challenges with Canada's 6 largest banks intending to directly compete with them. There’re also some other alternative trading platforms out there that will start eating in to their market share. Not cheap.
DON'T BUY
They have 2 problems. All their big companies are being taken over and they make their money off of trading. Secondly, the big banks are talking about setting up a rival exchange.
DON'T BUY
Has dropped a fair bit since its high. Got hurt recently when there was talk about the banks pushing for their own equity market. Technology will allow them to do that. It won't trump the TSX, but will take business away and will hurt their margins. Great cash flow business.
DON'T BUY
Long-term trend line has been broken. When a group is getting tired, there is a tendency for a lot of new investment products to come out. If you own, lighten up.
Showing 181 to 195 of 360 entries