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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CME
BUY
A very successful company which is continuing to grow and continues to have opportunities. Extremely well run.
BUY
Any company that can spin up a lot of cash flow, pay dividends and buy back stock he likes a lot.
HOLD
This stock will move with the market. Pursuing an acquisition strategy. If your own, continue to hold even if there is some short-term volatility.
DON'T BUY
Doing OK, but the big problem is that as more and more large companies get taken out, there is more stress on them to bring out more issues, which will probably be from junior resources. If commodities dry up, their earnings will suffer.
PAST TOP PICK
(A Top Pick Sept 6/05. Up 27%.) There is talk of them teaming up with IMX (?) which would be positive. This is a play on increased volumes, increased turnovers and increased plays.
BUY
This was a terrific story over the short and long-term when it came out. They are possibly getting into junior trading with other exchanges. The trend is consolidation were they can get terrific efficiencies. A good long-term hold.
DON'T BUY
Thinks the environment for stocks is turning down, and typically, this would not be a good thing to invest in.
COMMENT
Had been a great performer, but flattened out this year because it had been overpriced. At this stage, it has to show some future growth which would include linking up with another exchange, possibly Montréal.
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.
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