TMX Group (TSE:X) Stock Gets Price Target Boost from Raymond James Financial

TMX Group (TSE:X) had its price objective boosted by equities researchers at Raymond James Financial from C$64.50 to C$69.00 in a research report issued on Friday, BayStreet reports. The firm currently has a “strong-buy” rating on the stock. Raymond James Financial‘s target price points to a potential upside of 13.96% from the company’s previous close.

Several other analysts also recently commented on X. National Bank Financial boosted their target price on TMX Group from C$64.00 to C$67.00 and gave the company an “outperform” rating in a research report on Wednesday. Canaccord Genuity Group increased their price target on TMX Group from C$64.00 to C$65.00 and gave the stock a “buy” rating in a report on Wednesday, October 14th. Barclays raised their price objective on TMX Group from C$58.00 to C$59.00 in a research note on Thursday, July 9th. Finally, RBC Dominion Securities decreased their price objective on TMX Group from C$69.00 to C$67.00 and set an “outperform” rating for the company in a report on Thursday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$66.75.

TMX Group Trading Up 6.1%

Shares of X stock traded up C$3.49 during trading hours on Friday, hitting C$60.55. 830,949 shares of the company were exchanged, compared to its average volume of 799,237. The company has a debt-to-equity ratio of 41.81, a quick ratio of 0.01 and a current ratio of 2.76. 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 50 day simple moving average of C$53.99 and a two-hundred day simple moving average of C$51.14. The firm has a market cap of C$16.68 billion, a P/E ratio of 27.90, a P/E/G ratio of 12.65 and a beta of -0.17.

TMX Group (TSE:X) last issued 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 business had revenue of C$491.10 million for the quarter. Equities analysts anticipate that TMX Group will post 1.77 EPS for the current year.

Insider Activity at TMX Group

In related news, insider Cheryl Graden sold 8,885 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of C$54.41, for a total transaction of C$483,432.85. Following the transaction, the insider directly owned 32,845 shares of the company’s stock, valued at C$1,787,096.45. This trade represents a 21.29% decrease in their ownership of the stock. Insiders have sold a total of 41,735 shares of company stock valued at $2,268,124 in the last three months. Corporate insiders own 1.15% of the company’s stock.

TMX Group News Summary

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

• Positive Sentiment: Higher analyst price target: National Bank Financial raised its target for TMX Group from C$64 to C$67 and maintained an “outperform” rating, implying meaningful potential appreciation. National Bank Financial raises TMX Group price target
• Positive Sentiment: Extended-hours expansion: TMX plans to introduce extended trading hours for TSX Alpha in spring 2027. The initiative could improve market access, trading activity and long-term revenue diversification. TMX plans TSX Alpha extended hours
• Positive Sentiment: Dividend support: TMX declared a quarterly dividend of C$0.26 per common share, payable November 27, reinforcing its income appeal and confidence in cash generation. TMX Group declares dividend
• Positive Sentiment: Diversification remains a key theme: Management highlighted the balance between TMX’s core exchange operations and newer growth businesses, supporting the market’s view of a broader and more resilient platform. TMX CEO discusses diversification
• Neutral Sentiment: Third-quarter results were mixed: TMX reported C$0.63 in EPS and C$491.1 million in revenue, with a 32.55% net margin and 3.81% return on equity. The results provide a solid operating base, although reported profit declined year over year. TMX Group third-quarter results
• Negative Sentiment: Leverage may rise: Management expects leverage to peak around 3.1x–3.2x, which could constrain financial flexibility and increase sensitivity to interest rates as TMX invests in growth.

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.