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
DON'T BUY

TMX Group(X.TO)

Aug 22, 2007
There is competition now by banks coming together and trying to form their own exchange. A tremendous cash flow business. Trades around 17 X next year's earnings, which is somewhat expensive. 3.76% yield.
Photo of Paul Gardner, CFAPaul Gardner, CFA
No
Unlock Rating
$40.47

Stock price when the opinion was issued

$45.50

As of Jun 26, 2026. Market Open.

other services
HOLD

TMX Group(X.TO)

Aug 21, 2007
There is an initiative by others to launch a trading platform in competition with them. This is a bona fide threat. The TSX will probably have to cut prices to lure and keep some business. He treats it as a dividend company.
Photo of Steve CarlinSteve CarlinUnlock Rating
$40.44

Stock price when the opinion was issued

$45.50

As of Jun 26, 2026. Market Open.

other services
COMMENT

TMX Group(X.TO)

Aug 14, 2007
There is a rumour that they may merge with the Montreal exchange. This exchange is focused on derivatives. Have cut their trading fees to be competitive.
Photo of Peter BriegerPeter BriegerUnlock Rating
$41.46

Stock price when the opinion was issued

$45.50

As of Jun 26, 2026. Market Open.

other services
HOLD

TMX Group(X.TO)

Jul 31, 2007
Had a huge run and then pulled back. There are some legitimate concerns about competition.
Photo of Michael DecterMichael Decter
No
Unlock Rating
$43.10

Stock price when the opinion was issued

$45.50

As of Jun 26, 2026. Market Open.

other services
COMMENT

TMX Group(X.TO)

Jul 19, 2007
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.
Photo of Paul Gardner, CFAPaul Gardner, CFAUnlock Rating
$43.75

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 18, 2007
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.
Photo of Norman LevineNorman Levine
No
Unlock Rating
$43.23

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 05, 2007
An expensive stock. Are definitely going to have very strong competition in the next couple of years.
Photo of Chyanne FickesChyanne Fickes
No
Unlock Rating
$43.22

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)

Jun 21, 2007
His model price is $40.22, a negative 7% differential. Still too expensive.
Photo of Brian Acker, CABrian Acker, CA
No
Unlock Rating
$42.65

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)

Jun 19, 2007
Formidable competition is coming by way of a new trading platform by the bank owned brokerages. Expecting that margins and profits will be reduced.
Photo of David BaskinDavid Baskin
No
Unlock Rating
$43.25

Stock price when the opinion was issued

$45.50

As of Jun 26, 2026. Market Open.

other services
COMMENT

TMX Group(X.TO)

Jun 12, 2007
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.
Photo of James Cole, BA, CFAJames Cole, BA, CFA
No
Unlock Rating
$42.77

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)

Jun 08, 2007
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.
Photo of Laura WallaceLaura Wallace
No
Unlock Rating
$43.29

Stock price when the opinion was issued

$45.50

As of Jun 26, 2026. Market Open.

other services
SELL

TMX Group(X.TO)

Jun 04, 2007
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.
Photo of Peter BriegerPeter Brieger
No
Unlock Rating
$44.12

Stock price when the opinion was issued

$45.50

As of Jun 26, 2026. Market Open.

other services
RISKY

TMX Group(X.TO)

Jun 01, 2007
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.
Photo of Ross HealyRoss HealyUnlock Rating
$44.00

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)

May 29, 2007
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.
Photo of John O'Connell, CFAJohn O'Connell, CFA
No
Unlock Rating
$43.41

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)

May 23, 2007
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.
Photo of Laura WallaceLaura WallaceUnlock Rating
$43.58

Stock price when the opinion was issued

$45.50

As of Jun 26, 2026. Market Open.

other services
Showing 181 to 195 of 363 entries

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