TMX Group (TSE:X) Price Target Raised to C$67.00

TMX Group (TSE:X) had its target price raised by National Bank Financial from C$64.00 to C$67.00 in a research report released on Wednesday morning,BayStreet reports. The brokerage currently has an outperform rating on the stock.

Several other analysts have also recently weighed in on X. RBC Dominion Securities dropped their price objective on shares of TMX Group from C$69.00 to C$67.00 and set an “outperform” rating for the company in a research note on Thursday, October 15th. Barclays increased their target price on shares of TMX Group from C$58.00 to C$59.00 in a research report on Thursday, July 9th. Canaccord Genuity Group raised their target price on shares of TMX Group from C$64.00 to C$65.00 and gave the stock a “buy” rating in a report on Wednesday, October 14th. Finally, Raymond James Financial dropped their price target on shares of TMX Group from C$65.25 to C$64.50 and set a “strong-buy” rating for the company in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, TMX Group currently has a consensus rating of “Buy” and a consensus target price of C$66.75.

TMX Group Stock Up 5.3%

X stock opened at C$60.07 on Wednesday. TMX Group has a fifty-two week low of C$44.10 and a fifty-two week high of C$62.57. The company has a debt-to-equity ratio of 41.81, a current ratio of 2.76 and a quick ratio of 0.01. The stock has a market capitalization of C$16.54 billion, a price-to-earnings ratio of 27.68, a PEG ratio of 12.65 and a beta of -0.17. The business’s fifty day moving average price is C$54.15 and its two-hundred day moving average price is C$51.19.

TMX Group (TSE:X) last announced its earnings results on Thursday, October 29th. The company reported C$0.63 earnings per share (EPS) for the quarter. TMX Group had a net margin of 32.55% and a return on equity of 3.81%. The company had revenue of C$491.10 million during the quarter. On average, equities analysts anticipate that TMX Group will post 1.77 earnings per share for the current year.

TMX Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 28th were issued a dividend of $0.26 per share. This is an increase from TMX Group’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.04 annualized dividend and a dividend yield of 1.7%. TMX Group’s payout ratio is currently 42.40%.

Insider Activity at TMX Group

In related news, insider Cheryl Graden sold 17,000 shares of the business’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of C$54.14, for a total value of C$920,380.00. Insiders sold a total of 41,735 shares of company stock valued at $2,268,124 in the last quarter. 1.15% of the stock is currently owned by company insiders.

TMX Group News Roundup

Here are the key news stories impacting TMX Group this week:

• Positive Sentiment: Raymond James raised its price target to C$69.00 from C$64.50 and upgraded TMX to “strong buy,” implying approximately 14% upside from the referenced price. The target increase signals stronger confidence in TMX’s earnings outlook and diversification strategy. Raymond James stock recommendations
• Positive Sentiment: TMX reported third-quarter revenue of C$491.1 million and earnings of C$0.63 per share. The results provide evidence of continued revenue generation across its exchange, clearing, data, and other businesses. TMX Group Limited reports third-quarter 2026 results
• Positive Sentiment: The company plans to introduce extended trading hours for TSX Alpha in spring 2027, potentially increasing trading volumes and market-access revenue. Management expects leverage to peak at approximately 3.1x–3.2x, suggesting debt levels remain guided and manageable. TMX plans TSX Alpha extended hours
• Positive Sentiment: TMX declared a C$0.26-per-share dividend, payable November 27, supporting the stock’s income appeal and signaling continued shareholder distributions. TMX dividend payable November 27, 2026
• Neutral Sentiment: Management described its diversification efforts as providing a “nice balancing point,” highlighting the company’s attempt to reduce reliance on any single market or business line. TMX CEO discusses diversification efforts
• Negative Sentiment: Third-quarter profit declined, creating a counterpoint to the strong revenue figure and potentially limiting near-term earnings momentum. TMX Group profit retreats in Q3

TMX Group Company Profile

TMX Group operates global markets, and builds digital communities and analytic solutions that facilitate the funding, growth and success of businesses, traders and investors. TMX Group’s key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, TSX Trust, TMX Trayport, TMX Datalinx, TMX VettaFi and TMX Newsfile, which provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community.