TSE:X

TMX Group (X.TO)

49.56
+0.49 (1.00%)
as of Jun 5, 2026, 8:00:00 pm Market Open.
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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.

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Consensus
Buy
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Valuation
Fair Value
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CME
HOLD
Did a great job expanding their revenues and their profitability. Some consolidations in exchanges around the world which will probably continue. Trading volumes have been reduced. If basic materials become less attractive there will be less new financings resulting in fewer fees. If you own, use a stop loss.
BUY
There is a lot of talk about a merger. A great looking company. ROE level is over 50%. The rate of change is very strong. Stock has sold off sharply. His models show it is on the verge of a rebound.
BUY
Has been a fabulous performer. Very positive on the stock market going forward. There is a fair amount of mergers going on around the world and this stock could be involved in some activity in the next little while.
WAIT
You would only buy this if you believed the market was going to trend higher. He is not prepared to say that at this time. Wait for the market to settle.
COMMENT
Current multiple is 14.4 on its earnings. Compared to all the other indexes in the world, this is incredibly cheap. This raises the spectre of M&A activity. If we are in a trend of worldwide consolidation, this could be up for grabs.
BUY
Gushing new cash with all of the new issues, all they takeovers and increased volumes. This is a great play on the commodity story if you believe in that.
DON'T BUY
Sufficiently cautious on the outlook for equity markets that he would prefer to see a much lower valuation.
BUY
There has been talk about it turning into a trust. The type of business that would lend itself to a trust. The outlook for the stock is continuing to be favorable.
BUY
Dropped a little bit because they said they were going to cut the fees. 2.9% yield.
SELL
Doesn't like what he sees with the New York stock exchange stock and with the NASDAQ. Thinks the craze for owning stock exchanges has peaked. Feels the hot money is going to be leaving the sector.
DON'T BUY
His model price is $35.27 which is a -27% differential. Way too expensive for him.
DON'T BUY
Exchanges seem to be where the action is at right now. This exchange is seeing some of the excitement from other exchanges filtering through and the price is discounting a lot of this.
BUY
If you are positive on equities and that there will be a fair amount of financing going on, this will be good for this stock. A good broad based way to play the equity market.
BUY
1.9% yield. As long as the income trust boom continues and resources continue strong they will do well.
BUY ON WEAKNESS
The performance of the stock is based on volume of new listings, IPO’s, etc. which they get listing fees for. Expect there will be a market pullback of $1/2 because of its strength in January.
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