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
0
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
HOLD
The publicly traded exchanges in North America have been doing remarkably well. This one has lagged a little bit. When they came out with their earnings recently the October trading volumes are down. There is good strength all around this area and this one is not broken.
PAST TOP PICK
(A Top Pick July 20/05. Down 8.5%.) Is not concerned and has added to his holdings in the past month. Great cash flow and can have a strong dividend.
BUY
Likes exchanges and most of them are doing extremely well. This one is one of the most efficient and best run in the world.
BUY
The intersting thing is what happens when the NYSE goes public. Feels when that happens, this one will get its second wind.
BUY
The market was quite concerned with the changes in accounting. This will have no material impact on the cash flow. Not that significant. Any weakness because of this will be a good buying opportunity.
WATCH
THe public exchange companies are all doing very well. They are having an accounting restatement affecting last year's revenues and that concerns him.
DON'T BUY
Has come off recently because of the possible changes that would affect trusts. It's not only their limitation of becoming a trust, but listing fees will be reduced.
DON'T BUY
Has done a spectacular job of turning its business around, improving its operating profit margins 50%. Very innovative. Getting into a lot of different businesses. Share price fully reflects its value. If you own, consider taking some profit.
PAST TOP PICK
(A Top Pick July 20/05. No change.) Got knocked back on rumours of becoming a trust. A good price and would buy more.
DON'T BUY
Good base business, but unlikely to grow at the same pace that it has. At current multiples, the stock is expensive.
HOLD
It should become an income trust, but will have to wait for the feds. A tremendous cash generator.
BUY ON WEAKNESS
It might become an income trust. A cash cow. Somewhat of a monopoly and doesn't have much capital expenditures. Moved up to quickly today.
TOP PICK
A leveraged energy play in a way because of the number of new issues of income trusts and new exploration/production companies. 3.6% dividend.
TRADE
Almost a quasi monopoly. If you want to trade stocks in Canada, that's where you have to be. Every new company has to pay a listing fee. There are ongoing fees to stay listed. Great cash flows. At these levels, not sure how much more there is on the upside. If equity markets pull back, this stock will definitely pull back.
DON'T BUY
Much more expensive than the other financials so not contemplating buying it.
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