TSE:X

TMX Group (X.TO)

52.71
+0.19 (0.36%)
as of Aug 5, 2026, 8:00:00 pm Market Open.
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Investor Insights
star iconAug 5, 2026, 12:00 am

This summary was created by AI, based on 22 opinions in the last 12 months.

TMX Group (X-T) has recently experienced a pullback attributed to various factors, including broader market trends and fears of competition from prediction markets. Despite the decline, experts highlight the company's strong fundamentals, including consistent growth in recurring revenue, successful strategic acquisitions, and robust margins. Many analysts view the recent drop as a buying opportunity, particularly due to TMX's proprietary data and strong analytics business. The overall sentiment remains positive, with most analysts advocating for a long-term hold or gradual accumulation, underscoring the company's unique position within the Canadian capital markets and potential for recovery amid volatility. Concerns about AI disruption have been mentioned, but the prevailing belief is that TMX is well-positioned to withstand these challenges and capitalize on its strengths.

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Consensus
Buy
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Valuation
Undervalued
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CME
PAST TOP PICK
(A Top Pick Feb 7/07. No change.) Still likes and is glad they are merging with the Montreal exchange and you
PARTIAL SELL
The rumour is that they are going to merge with the Montreal exchange. He has a bit of a problem with the valuation of most of the exchanges right now. If you own, he would take some profit.
HOLD
When it went public, it had some anti takeover provisions in it so the likelihood of it being acquired is very low. Merger with the Montreal exchange is a high possibility. Has done while because it is a resource and financial services based index with resources dominating. Try to buy at $46-$47.
DON'T BUY
Caller was a senior, he advised no, because it's too volatile.
PAST TOP PICK
(A Top Pick Sept 21/06. Down 10.5%.) Feels there is a probability of discussion and conclusion of a merger with the Montreal Exchange (MXX-T). Not concerned with the banks moving into this area.
DON'T BUY
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.
HOLD
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.
COMMENT
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.
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.
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