X vs. IGM, IAG, ONEX, DFY, ELF, EQB, GSY, CWB, CIX, and BAM
Should you be buying TMX Group stock or one of its competitors? The main competitors of TMX Group include IGM Financial (IGM), iA Financial (IAG), Onex (ONEX), Definity Financial (DFY), E-L Financial (ELF), EQB (EQB), goeasy (GSY), Canadian Western Bank (CWB), CI Financial (CIX), and Brookfield Asset Management (BAM). These companies are all part of the "financial services" sector.
IGM Financial (TSE:IGM) and TMX Group (TSE:X) are both financial services companies, but which is the better stock? We will compare the two businesses based on the strength of their profitability, dividends, community ranking, institutional ownership, risk, valuation, media sentiment, earnings and analyst recommendations.
IGM Financial has higher revenue and earnings than TMX Group. IGM Financial is trading at a lower price-to-earnings ratio than TMX Group, indicating that it is currently the more affordable of the two stocks.
IGM Financial has a beta of 1.55, meaning that its share price is 55% more volatile than the S&P 500. Comparatively, TMX Group has a beta of 0.39, meaning that its share price is 61% less volatile than the S&P 500.
8.1% of IGM Financial shares are owned by institutional investors. Comparatively, 55.3% of TMX Group shares are owned by institutional investors. 59.2% of IGM Financial shares are owned by company insiders. Comparatively, 1.2% of TMX Group shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.
IGM Financial presently has a consensus price target of C$44.00, suggesting a potential upside of 19.08%. TMX Group has a consensus price target of C$39.88, suggesting a potential upside of 8.65%. Given TMX Group's stronger consensus rating and higher possible upside, analysts clearly believe IGM Financial is more favorable than TMX Group.
In the previous week, TMX Group had 2 more articles in the media than IGM Financial. MarketBeat recorded 4 mentions for TMX Group and 2 mentions for IGM Financial. TMX Group's average media sentiment score of 0.67 beat IGM Financial's score of 0.21 indicating that IGM Financial is being referred to more favorably in the media.
IGM Financial pays an annual dividend of C$2.25 per share and has a dividend yield of 6.1%. TMX Group pays an annual dividend of C$0.73 per share and has a dividend yield of 2.0%. IGM Financial pays out 69.7% of its earnings in the form of a dividend. TMX Group pays out 50.0% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years.
IGM Financial has a net margin of 27.67% compared to IGM Financial's net margin of 13.67%. TMX Group's return on equity of 11.63% beat IGM Financial's return on equity.
IGM Financial received 20 more outperform votes than TMX Group when rated by MarketBeat users. Likewise, 45.12% of users gave IGM Financial an outperform vote while only 44.68% of users gave TMX Group an outperform vote.
Summary
IGM Financial beats TMX Group on 15 of the 20 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding X and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of TSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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