TMX Group

X-T

TSE:X

121.63
2.51 (2.11%)
TMX Group Limited operates equities, fixed income, derivatives, and energy markets exchanges. The company provides services encompassing listings, trading, clearing, settling and depository facilities, ...
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Analysis and Opinions about X-T

Signal
Opinion
Expert
TOP PICK
TOP PICK
January 14, 2020
A controversial pick, because the CEO just got ousted, but he did a good job diversify and growing TMX into a global company focused on analytics. Record TSX levels should lead to more listings. Also, a new CEO may be another tailwind. (Analysts’ price target is $126.00)
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TMX Group (X-T)
January 14, 2020
A controversial pick, because the CEO just got ousted, but he did a good job diversify and growing TMX into a global company focused on analytics. Record TSX levels should lead to more listings. Also, a new CEO may be another tailwind. (Analysts’ price target is $126.00)
WATCH
WATCH
December 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.
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TMX Group (X-T)
December 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.
BUY WEAKNESS
BUY WEAKNESS
December 3, 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.
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TMX Group (X-T)
December 3, 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.
COMMENT
COMMENT
November 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.
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TMX Group (X-T)
November 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.
TOP PICK
TOP PICK
November 7, 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)

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TMX Group (X-T)
November 7, 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)

PAST TOP PICK
PAST TOP PICK
September 5, 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.
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TMX Group (X-T)
September 5, 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.
TOP PICK
TOP PICK
June 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)
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TMX Group (X-T)
June 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)
DON'T BUY
DON'T BUY
April 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.
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TMX Group (X-T)
April 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.
BUY
BUY
March 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.
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TMX Group (X-T)
March 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.
PAST TOP PICK
PAST TOP PICK
January 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.
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TMX Group (X-T)
January 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.
WATCH
WATCH
November 1, 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.
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TMX Group (X-T)
November 1, 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.
TOP PICK
TOP PICK
October 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)

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TMX Group (X-T)
October 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)

BUY
BUY
September 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.

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TMX Group (X-T)
September 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.

BUY
BUY
February 6, 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.

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TMX Group (X-T)
February 6, 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.

PAST TOP PICK
PAST TOP PICK
January 9, 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.

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TMX Group (X-T)
January 9, 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.

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