TSE:X

TMX Group (X.TO)

52.71
+0.19 (0.36%)
as of Aug 5, 2026, 8:00:00 pm Market Open.
83 watching
0
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
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.
BUY
A consortium of Canadian banks has announced that they are considering putting in a competing product in the next year or two. This would cut into their pricing. This will probably blow over and at this price, it’s not a bad entry point.
COMMENT
$50 is at risk of moving below 200 day moving average and the momentum on the MACD is out of the stock. Be cautious.
SELL
Announcement that the banks were considering setting up an alternative system gave them a scare. It would take away a lot of volume. Have held a monopoly position. Consider taking some profits on part of your holdings.
SELL
Stock missed earnings, when a stock misses earnings, it will tend to do it multiple times.
DON'T BUY
Last year they lowered their fees because they knew they would be getting competition from the banks. Pretty much fully valued now, so can't see where the growth will happen.
BUY ON WEAKNESS
Thinks there's a catalyst coming on this exchange. Feels they will get together with the Montreal exchange over the next couple of years. Buying on a bad day would probably be a good idea.
BUY
Likes the concept of an integration of world exchanges. As the world expands economically, this one cannot go it alone and will have to team up with one or more players. 3% yield.
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