TSE:X

TMX Group (X.TO)

50.25
-0.43 (0.85%)
as of Jul 16, 2026, 8:00:00 pm Market Open.
83 watching
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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
valuation icon
Valuation
Undervalued
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CME
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.
BUY
Should certainly do well over the next year. Commodities and energy should continue to do well.
DON'T BUY
Doesn't expect there will be a special dividend. They had had a big change in accounting where all their equity was basically sucked out. Have I look at their 3rd quarter financials. Trading way above his model price of $33.56 which is a -26% differential.
BUY
Pretty much a monopoly. Volume has gone up with the government’s announcement on trusts and dividends. Volume will probably continue to rise. Not cheap. Won’t have the explosive rise it had since its listing, but has a lot of downside protection.
BUY
Has done very well because of very strong trading volumes and tremendous profit growth. The ROE has some growth in it still. The ROE level is very high, so there should still be some book value growth.
BUY
The governments declaration on income trusts is good news for the market in general. This stock has a great growth profile.
BUY
They've changed their accounting policy to basically smooth the income stream from new listings by amortizing them over a 10 year period. Finds this questionable but all the publicly traded stock exchanges in the world do it. Good quality longer term. Will be volatile for a while.
DON'T BUY
Overpriced. Has a model price of $31.
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