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TMX Group (X.TO)

TSE:X

TMX Group (X.TO)

45.34
-0.08 (0.17%)
as of Jun 26, 2026, 5:49:04 pm Market Open.
81 watching
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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, symbol X-T, is viewed favorably by several experts for its potential value, despite recent market downturns. Analysts appreciate its unique position in the financial industry as a comprehensive trading platform providing recurring revenue streams, especially from derivatives and data analytics, which contribute significantly to its growth. While some express concerns about the impact of AI and competition in the market, the overall risks appear to be overstated given TMX's role as a toll road in the capital markets and strong historical performance. The company's solid financials, including consistent dividend growth and a healthy balance sheet, suggest it is well-positioned for the future. With analysts offering price targets ranging from $61.00 to $63.07, there is a prevailing optimism regarding TMX's potential upside despite the short-term volatility.

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Consensus
Buy
valuation icon
Valuation
Fair Value
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WATCH

TMX Group(X.TO)

Dec 12, 2019
He has been looking at it lately. They have been getting more recurring revenues. He is watching it after they had a negative news release recently. If it ever went down again he would look at buying it.
Photo of Stephen Takacsy, B. Eng, MBAStephen Takacsy, B. Eng, MBAUnlock Rating
$108.69

Stock price when the opinion was issued

$45.49

As of Jun 26, 2026. Market Open.

other services
BUY ON WEAKNESS

TMX Group(X.TO)

Dec 03, 2019
It's hard to see what will happen with the Eccelstone controvery, and it may not make much difference with the TMX itself. He's been a very good manager. This pullback is way to step in. Pays a 2.5% dividend.
Photo of Michael SprungMichael Sprung
No
Unlock Rating
$106.29

Stock price when the opinion was issued

$45.49

As of Jun 26, 2026. Market Open.

other services
COMMENT

TMX Group(X.TO)

Nov 26, 2019
A great business. They have expanded their business outside of Canada. They’ve had a good run this year. Slow down in tradings could have impact on their business. It is fully valued here.
Photo of Colin StewartColin StewartUnlock Rating
$112.29

Stock price when the opinion was issued

$45.49

As of Jun 26, 2026. Market Open.

other services
TOP PICK

TMX Group(X.TO)

Nov 07, 2019

It is more of a defensive position with a bit more yield on it. It is like a monopoly. Their company, Trayport, which does energy trading and has some growth. There has been some consolidation in their space and they are trading at a material discount to their peers. They report earnings tonight. (Analysts’ price target is $126.86)

Photo of Ryan ModestoRyan Modesto
Owned
Unlock Rating
$113.90

Stock price when the opinion was issued

$45.49

As of Jun 26, 2026. Market Open.

other services
PAST TOP PICK

TMX Group(X.TO)

Sep 05, 2019
(A Top Pick Oct 31/18, Up 45%) Management has cut costs like crazy. Diversified. Good acquisitions. Last quarter was phenomenal. Trading at a discount to global exchange peers. Still buying here.
Photo of Barry SchwartzBarry Schwartz
Owned
Unlock Rating
$116.74

Stock price when the opinion was issued

$45.49

As of Jun 26, 2026. Market Open.

other services
TOP PICK

TMX Group(X.TO)

Jun 24, 2019
A few years ago, the new CEO transformed this from a listings business to a data analystics business and gaining more revenues outside Canada. Now, 50% of their business is data analystics, selling information to companies like BNN. TMX benefits now from cannabis and cryptos. It's trading at a big discount to other exchanges, so there's a lot of upside. (Analysts’ price target is $102.67)
Photo of Barry SchwartzBarry Schwartz
Owned
Unlock Rating
$91.74

Stock price when the opinion was issued

$45.49

As of Jun 26, 2026. Market Open.

other services
DON'T BUY

TMX Group(X.TO)

Apr 23, 2019
Why is it down 4% today? An analyst downgrade, so this could be an opportunity. TMX has had a huge run; it's not cheap. But TMX remains the leading exchange globally in cannabis and oil.
Photo of Colin StewartColin Stewart
No
Unlock Rating
$85.58

Stock price when the opinion was issued

$45.49

As of Jun 26, 2026. Market Open.

other services
BUY

TMX Group(X.TO)

Mar 26, 2019
A great stock that he's still buying. The TSX was valued a lot less than other exchanges, but they have done more businesses. It's still a good entry point. Buy and hold it for a few years.
Photo of David BaskinDavid Baskin
Owned
Unlock Rating
$84.55

Stock price when the opinion was issued

$45.49

As of Jun 26, 2026. Market Open.

other services
PAST TOP PICK

TMX Group(X.TO)

Jan 22, 2019
(A Top Pick Jan 04/18, Up 9%) They've done a good job with the TMX through market reforms and improving operations. There's room to grow.
Photo of David BaskinDavid Baskin
Owned
Unlock Rating
$75.58

Stock price when the opinion was issued

$45.49

As of Jun 26, 2026. Market Open.

other services
WATCH

TMX Group(X.TO)

Nov 01, 2018
We are likely to touch the support level over the next couple of weeks. It is one of the best stocks in the financials.
Photo of Javed MirzaJaved MirzaUnlock Rating
$83.74

Stock price when the opinion was issued

$45.49

As of Jun 26, 2026. Market Open.

other services
TOP PICK

TMX Group(X.TO)

Oct 31, 2018

They're doing amazing by transforming their business by doing data analytics, which is more recurring revenues. Also, 30% of revenues are outside Canada. They're trading at a deep discount to other stock exchange providers. 2.8% dividend. Great management. This stock is undervalued. (Analysts’ price target is $96.20)

Photo of Barry SchwartzBarry Schwartz
Owned
Unlock Rating
$82.79

Stock price when the opinion was issued

$45.49

As of Jun 26, 2026. Market Open.

other services
BUY

TMX Group(X.TO)

Sep 20, 2018

Owns the TSX. But more importantly. They are branching off to the subscription services for data. Very undervalued. New management has done a wonderful job.

Photo of Barry SchwartzBarry Schwartz
Owned
Unlock Rating
$85.46

Stock price when the opinion was issued

$45.49

As of Jun 26, 2026. Market Open.

other services
BUY

TMX Group(X.TO)

Feb 06, 2018

Would you buy this for the long term? For sure. Core holding for his clients. The Toronto Stock Exchange. Involved in derivatives and selling data. It is exciting that they bought in Europe a company called Trailed Corp which is called the Bloomberg of the commodities trading. It gives them diversification outside of Canada which it is very good for them. Valuation is very reasonable.

Photo of Barry SchwartzBarry Schwartz
Owned
Unlock Rating
$74.97

Stock price when the opinion was issued

$45.49

As of Jun 26, 2026. Market Open.

other services
PAST TOP PICK

TMX Group(X.TO)

Jan 09, 2018

(A Top Pick March 1/17. Up 4%.) This one is completely baffling. It should be a $100 stock. They should be making so much hay with the marijuana law, the trading and the amount of new issues and the secondary offerings. Trading at 13X earnings. It has a monopoly on trading in Canada on new listings. Just made an acquisition of a commodities platform in Europe. 50% of their business is going to be recurring revenues.

Photo of Barry SchwartzBarry Schwartz
Owned
Unlock Rating
$71.52

Stock price when the opinion was issued

$45.49

As of Jun 26, 2026. Market Open.

other services
TOP PICK

TMX Group(X.TO)

Jan 04, 2018

Undervalued compared to most stock exchanges in the world. Lots of new listings going on. There is very good value there and he is surprised it has not gone up faster. (Analysts’ target: $80.50).

Photo of David BaskinDavid Baskin
Owned
Unlock Rating
$71.51

Stock price when the opinion was issued

$45.49

As of Jun 26, 2026. Market Open.

other services
Showing 61 to 75 of 363 entries

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Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at: [email protected].

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