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TMX Group (X.TO)

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.

consensus icon
Consensus
Buy
valuation icon
Valuation
Undervalued
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Similar
CME
TOP PICK

TMX Group(X.TO)

Jul 20, 2005
Great dividend flow and a history of extra dividends.
Photo of Michael SmedleyMichael Smedley
Owned
Unlock Rating
$39.85

Stock price when the opinion was issued

$50.25

As of Jul 16, 2026. Market Open.

other services
HOLD

TMX Group(X.TO)

Jul 20, 2005
The closest thing you are going to come to a toll booth. Anyone wanting to come through public listings on the Canadian market has to go through here. A bit volatile. As the markets go, the earnings go. Return on capital is extremely high as it requires virtually no capital in. The primary driver lately has been all the trusts. Trades at a hefty valuation.
Photo of Danny TomkaDanny Tomka
Owned
Unlock Rating
$39.85

Stock price when the opinion was issued

$50.25

As of Jul 16, 2026. Market Open.

other services
DON'T BUY

TMX Group(X.TO)

Jul 18, 2005
Have done well. They are a monopoly with only the Montreal exchange left to conquer. Has a problem with their growth multiple of about 20 X next year's earnings. There really isn't any more room for it to grow.
Photo of John Sinkins, CFAJohn Sinkins, CFA
No
Unlock Rating
$38.30

Stock price when the opinion was issued

$50.25

As of Jul 16, 2026. Market Open.

other services
BUY

TMX Group(X.TO)

Jun 08, 2005
Volumes are up quite strongly.
Photo of Gavin GrahamGavin Graham
Owned
Unlock Rating
$33.93

Stock price when the opinion was issued

$50.25

As of Jul 16, 2026. Market Open.

other services
BUY

TMX Group(X.TO)

May 30, 2005
For a large portfolio where you want to have diversification across several different financial service types of business, this is a good one. Should continue to do well as long as economic conditions remain strong.
Photo of Neil WickhamNeil Wickham
Owned
Unlock Rating
$33.47

Stock price when the opinion was issued

$50.25

As of Jul 16, 2026. Market Open.

other services
HOLD

TMX Group(X.TO)

May 25, 2005
It's a wonderful business. Tremendous cash flows. Special dividends are always lined up.
Photo of Michael SmedleyMichael Smedley
Owned
Unlock Rating
$33.00

Stock price when the opinion was issued

$50.25

As of Jul 16, 2026. Market Open.

other services
BUY

TMX Group(X.TO)

May 25, 2005
A great investment because the Canadian market is resource base and income trust based and both are popular with domestic and foreign investors. Also this could be bought by some other exchange.
Photo of Norman LevineNorman Levine
No
Unlock Rating
$33.00

Stock price when the opinion was issued

$50.25

As of Jul 16, 2026. Market Open.

other services
HOLD

TMX Group(X.TO)

May 16, 2005
Has gotten to a valuation that it probably needs a positive market going forward to keep that momentum going. Wait for some market weakness before buying for a long term.
Photo of Bruce Campbell (1)Bruce Campbell (1)
No
Unlock Rating
$31.31

Stock price when the opinion was issued

$50.25

As of Jul 16, 2026. Market Open.

other services
Track your Stocks in your Watch List
BUY

TMX Group(X.TO)

May 02, 2005
Has received quite a bit of attention lately because of the NYS talk about going public. As long as volatility and volumes remain reasonably high, the stock should reasonably well.
Photo of Laura WallaceLaura Wallace
No
Unlock Rating
$61.95

Stock price when the opinion was issued

$50.25

As of Jul 16, 2026. Market Open.

other services
BUY

TMX Group(X.TO)

Apr 26, 2005
Likes this one a lot. Good management. Making good acquisitions. There is some seasonality, so will probably move sideways during the summer.
Photo of Gavin GrahamGavin Graham
Owned
Unlock Rating
$62.10

Stock price when the opinion was issued

$50.25

As of Jul 16, 2026. Market Open.

other services
DON'T BUY

TMX Group(X.TO)

Apr 06, 2005
Feels the valuation is a little bit to the high end. Have done a great job in acquisitions and growing the business. A really well run organization.
Photo of John ZechnerJohn Zechner
No
Unlock Rating
$65.20

Stock price when the opinion was issued

$50.25

As of Jul 16, 2026. Market Open.

other services
TOP PICK

TMX Group(X.TO)

Mar 24, 2005
A huge generator of free cash flow with expectations for 2005 of $7 a share. Dividend of around 2%. A special dividend of $5 in 2003 and it is reasonable that they may pay another special in 2005. Also diversifying quite well.
Photo of Bill MacLachlanBill MacLachlan
Owned
Unlock Rating
$62.00

Stock price when the opinion was issued

$50.25

As of Jul 16, 2026. Market Open.

other services
BUY

TMX Group(X.TO)

Mar 17, 2005
Price is reasonable. Removal of restrictions on foreign ownership should mean less trading in Canada, but there's a lot of foreign interest in our stock market because of resources. Haven't seen a lot of IPO's yet and that will have a big impact on the TSX.
Photo of Ray SteeleRay SteeleUnlock Rating
$61.25

Stock price when the opinion was issued

$50.25

As of Jul 16, 2026. Market Open.

other services
DON'T BUY

TMX Group(X.TO)

Feb 22, 2005
Model price is $55, so it is overpriced.
Photo of Brian Acker, CABrian Acker, CA
No
Unlock Rating
$59.17

Stock price when the opinion was issued

$50.25

As of Jul 16, 2026. Market Open.

other services
BUY

TMX Group(X.TO)

Feb 15, 2005
A great proxy on equity markets and their trading volumes as well as new listings. Making a lot of money on the income trusts which are now going into the composites. There is higher risk in the market right now, so have an exit strategy.
Photo of David BurrowsDavid Burrows
No
Unlock Rating
$59.09

Stock price when the opinion was issued

$50.25

As of Jul 16, 2026. Market Open.

other services
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