TMX Group (X) Stock Price, News & Analysis

Company Overview

TMX Group Limited operates exchanges, markets, and clearinghouses primarily for capital markets in Canada, the United States, the United Kingdom, Germany, and internationally. It operates through four segments: Global Solutions, Insights & Analytics; Capital Formation; Derivatives Trading & Clearing; and Equities and Fixed Income Trading & Clearing. The Global Solutions, Insights & Analytics segment delivers equities and index data, as well as integrated data sets for the proprietary and third party analytics to help clients in making trading and investment decisions; and provides solutions to European and global wholesale energy markets for price discovery, trade execution, post-trade transparency, and straight through processing. The Capital Formation segment operates Toronto Stock Exchange, a national stock exchange for the senior equities market; TSX Venture Exchange, a national stock exchange for the public venture equity market; and TSX Trust that provides corporate trust, registrar, transfer agency, and related services to reporting issuers and private companies. The Derivatives Trading & Clearing segment operates Montreal Exchange, a national derivatives exchange; Canadian Derivatives Clearing Corporation, a clearinghouse for options and futures contracts; BOX, a US equity operations market; and various over-the-counter products and fixed income repurchase agreements. The Equities and Fixed Income Trading & Clearing segment engages in the trading operations of Toronto Stock Exchange, TSX Venture Exchange, and TSX Alpha Exchange; CDS Clearing, an automated facility for the clearing and settlement of equities and fixed income transactions, and custody of securities; and provision of fixed income inter-dealer brokerage services. The company was formerly known as Maple Group Acquisition Corporation and changed its name to TMX Group Limited in August 2012. TMX Group Limited was incorporated in 2011 and is headquartered in Toronto, Canada.

Key Stats

• Today's Range: C$43.63 to C$44.03
• 50-Day Range: C$42.27 to C$45.38
• 52-Week Range: C$28.52 to C$45.92
• Volume: 390,855 shs
• Average Volume: 356,480 shs
• Market Capitalization: C$12.17 billion
• P/E Ratio: 29.82
• Dividend Yield: 1.69%
• Price Target: C$44.81
• Consensus Rating: Hold

TMX Group Stock Analysis - MarketRank™

TMX Group scored higher than 20% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.2 / 5
• Analyst Rating: Hold

Consensus Rating

TMX Group has received a consensus rating of Hold. The company's average rating score is 2.43, and is based on 3 buy ratings, 4 hold ratings, and no sell ratings.

Amount of Analyst Coverage

TMX Group has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of TMX Group is 29.82, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.55.

Price to Earnings Ratio vs. Sector

The P/E ratio of TMX Group is 29.82, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 408.74.

Price to Earnings Growth Ratio

TMX Group has a PEG Ratio of 12.65. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

TMX Group has a P/B Ratio of 2.81. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for X.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

TMX Group pays a meaningful dividend of 1.73%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

TMX Group does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of TMX Group is 50.34%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for X.

News and Social Media

• Score: 1.8 / 5
• News Sentiment: 0.17

News Sentiment

TMX Group has a news sentiment score of 0.17. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.64 average news sentiment score of Financial Services companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for TMX Group this week, compared to 4 articles on an average week.

Search Interest

48 people have searched for X on MarketBeat in the last 30 days. This is an increase of 45% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, TMX Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$886,125.00 in company stock.

Percentage Held by Insiders

Only 1.15% of the stock of TMX Group is held by insiders.

Percentage Held by Institutions

57.30% of the stock of TMX Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

X Stock Analysis - Frequently Asked Questions

How have X shares performed this year?

TMX Group's stock was trading at C$32.05 on January 1st, 2024. Since then, X shares have increased by 36.8% and is now trading at C$43.84.
View the best growth stocks for 2024 here.

How were TMX Group's earnings last quarter?

TMX Group Limited (TSE:X) posted its quarterly earnings results on Wednesday, October, 30th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.40 by $0.01. The firm had revenue of $353.80 million for the quarter, compared to analysts' expectations of $356.24 million. TMX Group had a trailing twelve-month return on equity of 10.08% and a net margin of 13.39%.

How do I buy shares of TMX Group?

Shares of X stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What other stocks do shareholders of TMX Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that TMX Group investors own include Constellation Software (CSU), Intact Financial (IFC), AutoCanada (ACQ), Alimentation Couche-Tard (ATD.B), AbbVie (ABBV), Wheaton Precious Metals (WPM) and Vermilion Energy (VET).

Company Calendar

• Ex-Dividend for 8/30 Dividend: 8/16/2024
• Dividend Payable: 8/30/2024
• Last Earnings: 10/30/2024
• Ex-Dividend for 11/29 Dividend: 11/15/2024
• Today: 11/23/2024
• Dividend Payable: 11/29/2024
• Next Earnings (Estimated): 2/03/2025

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Financial Services
• Industry: Financial Data & Stock Exchanges
• Sub-Industry: Steel Works
• Current Symbol: TSE:X
• CUSIP: N/A
• CIK: N/A
• Web: www.tmx.com
• Phone: 416-947-4670
• Fax: N/A
• Employees: 22,700
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$44.81
• High Stock Price Target: C$50.00
• Low Stock Price Target: C$42.00
• Potential Upside/Downside: +2.2%
• Consensus Rating: Hold
• Rating Score (0-4): 2.43
• Research Coverage: 7 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$1.47
• Trailing P/E Ratio: 29.82
• Forward P/E Ratio: 24.76
• P/E Growth: 12.65
• Net Income: C$409.20 million
• Net Margins: 13.39%
• Pretax Margin: N/A
• Return on Equity: 10.08%
• Return on Assets: 2.76%

Debt

• Debt-to-Equity Ratio: 51.71
• Current Ratio: 1.00
• Quick Ratio: 0.01

Sales & Book Value

• Annual Sales: C$3.06 billion
• Price / Sales: 3.98
• Cash Flow: C$2.75 per share
• Price / Cash Flow: 15.97
• Book Value: C$15.61 per share
• Price / Book: 2.81

Miscellaneous

• Outstanding Shares: 277,590,000
• Free Float: N/A
• Market Cap: C$12.17 billion
• Optionable: Not Optionable
• Beta: 0.43