TMX Group (TSE:X) Rating Increased to Strong-Buy at Raymond James Financial

Raymond James Financial upgraded shares of TMX Group (TSE:X) from an outperform rating to a strong-buy rating in a research note released on Monday morning,BayStreet.CA reports. They currently have C$61.00 price objective on the stock, up from their previous price objective of C$59.00.

X has been the topic of several other reports. Scotiabank set a C$70.00 price objective on TMX Group and gave the company a “sector perform” rating in a research report on Friday, October 24th. National Bankshares lifted their target price on TMX Group from C$59.00 to C$60.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 28th. TD Securities upgraded TMX Group from a “hold” rating to a “buy” rating and upped their price target for the stock from C$58.00 to C$60.00 in a research note on Wednesday, October 29th. Finally, Royal Bank Of Canada increased their price objective on shares of TMX Group from C$66.00 to C$67.00 in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$60.67.

TMX Group Stock Performance

Shares of TSE X opened at C$46.67 on Monday. The firm has a fifty day moving average price of C$50.87 and a 200-day moving average price of C$52.39. The company has a debt-to-equity ratio of 47.49, a current ratio of 1.01 and a quick ratio of 0.01. The stock has a market cap of C$12.98 billion, a PE ratio of 31.32, a price-to-earnings-growth ratio of 12.65 and a beta of -0.20. TMX Group has a 1 year low of C$44.82 and a 1 year high of C$57.98.

TMX Group (TSE:X) last announced its quarterly earnings data on Thursday, February 5th. The company reported C$0.60 EPS for the quarter. The firm had revenue of C$457.80 million for the quarter. TMX Group had a net margin of 25.80% and a return on equity of 3.37%. Equities analysts anticipate that TMX Group will post 1.7708421 earnings per share for the current fiscal year.

TMX Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 28th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $0.88 dividend on an annualized basis and a yield of 1.9%. TMX Group’s dividend payout ratio is presently 56.38%.

Key TMX Group News

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

• Positive Sentiment: CEO/management emphasized Q4 2025 was a record quarter and the company delivered a record year, underscoring solid fundamentals and likely supporting investor confidence. TMX CEO on Q4 2025
• Positive Sentiment: Abaxx Exchange will extend trading access through TMX Trayport’s Joule platform — a distribution/partnership win that can increase volumes and recurring revenue for TMX’s trading technology business. Abaxx extends access via TMX Trayport
• Positive Sentiment: Raymond James upgraded TMX from “outperform” to “strong‑buy” and raised its target to C$61.00 (previously C$59), signaling bullish analyst conviction and a material upside case cited by the firm. Raymond James upgrade
• Neutral Sentiment: Canaccord trimmed its price target from C$64 to C$61 but maintained a “buy” rating — still implying ~32% upside from levels cited in the bulletin, but a modestly reduced target. Canaccord target cut
• Neutral Sentiment: RBC cut its target from C$67 to C$64 but kept an “outperform” rating, leaving a sizable upside but reflecting slightly lower near‑term expectations. RBC target cut
• Negative Sentiment: Barclays lowered its price target from C$59 to C$52 and moved to an “equal weight” rating, a more cautious stance that could cap upside for investors focused on analyst consensus. Barclays downgrade/target cut

TMX Group Company Profile

TMX Group Ltd is a company that operates several global markets to provide investment opportunities for its clients. TMX Group’s key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, and Trayport, which provides listing markets, trading markets, clearing facilities, depository services, technology solutions, data products, and other services to the global financial community.