TSE:X

TMX Group (X.TO)

45.50
+0.09 (0.20%)
as of Jun 26, 2026, 8:00:00 pm Market Open.
81 watching
0
Investor Insights
star iconJun 26, 2026, 12:00 am

This summary was created by AI, based on 17 opinions in the last 12 months.

TMX Group, the operator of the Toronto Stock Exchange, has garnered a mixed but generally positive outlook from various experts. Most analysts recognize the company's strong positioning within the financial markets, particularly in options trading and analytics, despite recent pullbacks attributed to broader market fears, including concerns about AI disruption. The stock is characterized as a reliable performer with a history of dividend growth and resilience during market volatility. The industry landscape remains favorable, with expectations for continued double-digit growth driven by increased trading volumes and strong analytics offerings. While technical indicators show the stock trading below its 200-day moving average, many view this as a tactical buying opportunity rather than a long-term negative signal.

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Consensus
Buy
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Valuation
Fair Value
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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.
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.
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