TSE:X

TMX Group (X.TO)

50.25
-0.43 (0.85%)
as of Jul 16, 2026, 8:00:00 pm Market Open.
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Investor Insights
star iconJul 16, 2026, 12:00 am

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

TMX Group, the operator of the TSX and other trading platforms, has seen a pullback in its stock price due to market fears surrounding competition from prediction markets and a drop in commodity prices. Despite recent selling pressure, many analysts highlight the long-term potential of TMX due to its unique positioning in the financial industry, strong recurring revenue from data analytics, and a solid history of dividend growth. Management has been actively diversifying its revenue streams, and acquisitions such as Cboe and VettaFi are expected to drive future growth. The stock currently trades at a reasonable valuation relative to its earnings, making it an intriguing option for value-oriented investors looking for exposure to the Canadian capital markets.

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Consensus
Buy
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Valuation
Undervalued
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TOP PICK
One of the best run exchanges in the world, while the P/E is about half. Recent drop of the stock based on news gives a good buying opportunity.
COMMENT
This will do well as long as the market does well. Expect at some point they will do a merger.
TOP PICK
As the world becomes a smaller space in terms of financial activity, more and more attention will be paid to this sector. Of the 10 major exchanges this is the cheapest, 2nd only to NASDAQ. As their earnings increase, he is looking for a 30 X earnings ratio, which would get you to about $70.
SELL
A lot of people have made a lot of money. Capital markets are very popular right now, but would take some money off the table.
DON'T BUY
Can't accept the value of the exchanges at this point. There is great cyclicality in this sector. Relative to financial services, the mid-20 multiple is pretty expensive.
BUY
Have announced they are going to go into a derivatives area in a major way. Expect they will take a shot at the Montreal Stock exchange when it goes public. One of the cheapest exchanges. A good way to play the world market.
BUY
Monopolistic position with no competition. Throws off tremendous excess cash. Very shareholder friendly. He is bullish on equity markets.
DON'T BUY
The best for this one is behind it for now. Canadian Market is very resource oriented and if they start running again, there might be more interest in this, but a number of big cap stocks that generated a lot of trading have been lost.
DON'T BUY
A bellwether for the market. Had a peak in April, corrected back down to a high low, which is good. Now trying to match that peak. Thinks it’s late, so wouldn’t own.
DON'T BUY
Has been a great investment over a period of time, but won’t be able to grow as fast as some of the other exchanges. Certainly has good opportunity to grow, but will slow down in 2007. Fully valued.
HOLD
Very tied into the Canadian resource market. Wait until resources start taking off again.
BUY ON WEAKNESS
Looks rather interesting. Expensive, but looking at what has happened to the other exchanges, with takeovers and mergers going on, it should do pretty well. Wait for a pullback, perhaps to the lower $40’s.
DON'T BUY
3rd term, earnings could be a little disappointing. There could be some weakness in the near term. There is consolidation going on in this sector. A little expensive.
DON'T BUY
Essentially it has a bit of a distribution developing indicating the market is starting to struggle. He expects weaker markets and, if so, this will test the June/July lows which would be your next buying opportunity.
TOP PICK
A tremendous cash cow. The best stock exchange in the world to buy.
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