HOLD
TMX Group

One of many publicly traded exchanges globally.
Unsure how much company will be able to grow.
20x earnings a good share price to invest at.

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TOP PICK
TMX Group

Global owner and operator of stock exchanges. Increasingly into adjacent areas like data analytics. Pretty consistent grower, compounded 8% pace of earnings and dividend growth over the last decade. 19x earnings, a discount to peers. Discount should narrow as they expand. Yield is 2.41%.

(Analysts’ price target is $154.86)
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TOP PICK
TMX Group

Sideways trading range for 2 years. "The longer the base, the more time in space." Breaking out to new highs, looking really positive. Yield is 2.44%.

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HOLD
TMX Group
Allan Tong’s Discover Picks

One of the most defensive plays on the TSX is the TSX itself. Trading under X on its own exchange, the TMX Group just reported another beat, its third in the past year, with revenues jumping 80% over full-year 2021 and net income leaping 60% also over FY 2021. Robust Canadian stock performance (outperforming the Wall Street majors in 2022) and ongoing volatility are good for TMX’s business. Selling data provides another recurring revenue stream. TMX currently pays 2.58% but that dividend has been climbing since 2016. Also, its beta is a measly 0.56 and it trades at 14.16x. Safe. Read: Risk tolerance and safety for our full analysis. 

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TOP PICK
TMX Group

This is a very defensive and high quality investment. Half of the business is selling data so it has recurring revenues. It also has listing fees and with a rebound in the stock market these could increase. Good value compared to competitors and earnings growth should be in the double digits for the next few years. Also a great dividend payer and has raised dividends every year since 2016.   Buy 2  Hold 5  Sell 0

(Analysts’ price target is $153.57)
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BUY
TMX Group
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Market volatility helped trading volume. Integration of recent acquisitions continue. Balance sheet improved. Actvely pursuing M&A opportunities.
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COMMENT
TMX Group
Canadian stocks are undervalued compared to global stocks. Energy is especially undervalued. The U.S. dollar has been strong but it might start to settle down. Building mines is harder to do in Canada and the U.S. due to government regulation and politics. It is easier in Australia. Mines and Energy are both an important part of the TSX.
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COMMENT
TMX Group
The TSX company. It is not at a high multiple but has been in a trading range with not many new issues. Yield is 2.6%.
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BUY
TMX Group

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Market volatility helped trading volume. Integration of recent acquisitions continue. Balance sheet improved. Actvely pursuing M&A opportunities. Unlock Premium - Try 5i Free

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HOLD
TMX Group

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research Business model provides market ‘hedge’. Gaining market share via acquisitions. Increased dividend by 8%. Attractive valuation compared to history. Unlock Premium - Try 5i Free

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BUY
TMX Group

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Growth is expected to slow down to 5-7% in the next three years. Margins could see some pressure from higher operating costs and higher amortisation. It benefits regardless of sentiment change or interest rates hikes. Still attractive overall at 17x earnings. Unlock Premium - Try 5i Free

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DON'T BUY
TMX Group
Depends on new listings and revenues through data feeds. Entirely reliant on its technology. Valuation is 18x earnings, but outlook for growth is flat over next couple of years. Competitive pressures from the US. He's wary. Stay away.
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PAST TOP PICK
TMX Group
(A Top Pick Apr 01/21, Up 0.4%) Terrific 2021. Underlevered, stable. Can buy back stock or make acquisitions. Good long-term winner. Good alternative to the banks. True, when markets drop, their fees drop. Strong commodities, utilities, and oil in Canada could help deliver surprises.
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BUY
TMX Group
The exchanges have done very well in recent years. Good free cash flow. Indexing (ETFs) are a tailwind. New stock exchange highs signal good business. These stocks do very well over time.
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WATCH
TMX Group
It'll remain sideways near-term, but in the past 10 years it's performed huge. It enjoys nearly a monopoly in Canada and have done well diversifying like selling data to the financial industry and into derivatives. The outlook is good. Probably is the stock isn't cheap. Watch for a pullback.
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Showing 1 to 15 of 328 entries

TMX Group(X-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 3

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 5

Stockchase rating for TMX Group is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

TMX Group(X-T) Frequently Asked Questions

What is TMX Group stock symbol?

TMX Group is a Canadian stock, trading under the symbol X-T on the Toronto Stock Exchange (X-CT). It is usually referred to as TSX:X or X-T

Is TMX Group a buy or a sell?

In the last year, 5 stock analysts published opinions about X-T. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for TMX Group.

Is TMX Group a good investment or a top pick?

TMX Group was recommended as a Top Pick by on . Read the latest stock experts ratings for TMX Group.

Why is TMX Group stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is TMX Group worth watching?

5 stock analysts on Stockchase covered TMX Group In the last year. It is a trending stock that is worth watching.

What is TMX Group stock price?

On 2023-06-09, TMX Group (X-T) stock closed at a price of $147.06.