The MarketAxess Holdings Inc. (MKTX) Given Consensus Recommendation of “Hold” by Analysts

The MarketAxess Holdings Inc. (MKTX) Given Consensus Recommendation of “Hold” by Analysts

MarketAxess Holdings Inc. (NASDAQ:MKTX) has earned an average rating of “Hold” from the eight brokerages that are currently covering the firm. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $159.00.

A number of research firms have recently issued reports on MKTX. Goldman Sachs Group Inc. began coverage on shares of MarketAxess Holdings in a research note on Friday, January 6th. They set a “conviction-buy” rating and a $185.00 price objective on the stock. Zacks Investment Research upgraded shares of MarketAxess Holdings from a “hold” rating to a “buy” rating and set a $168.00 price objective on the stock in a research note on Thursday, January 5th. Raymond James Financial Inc. upgraded shares of MarketAxess Holdings from a “market perform” rating to an “outperform” rating and set a $175.00 price objective on the stock in a research note on Tuesday, January 3rd. Finally, Credit Suisse Group AG initiated coverage on shares of MarketAxess Holdings in a research note on Monday, November 21st. They set a “sell” rating on the stock.

A number of hedge funds have recently added to or reduced their stakes in MKTX. UBS Asset Management Americas Inc. raised its stake in MarketAxess Holdings by 7.1% in the second quarter. UBS Asset Management Americas Inc. now owns 26,240 shares of the company’s stock valued at $3,815,000 after buying an additional 1,730 shares during the last quarter. JPMorgan Chase & Co. raised its stake in MarketAxess Holdings by 19.9% in the second quarter. JPMorgan Chase & Co. now owns 162,324 shares of the company’s stock valued at $23,602,000 after buying an additional 26,942 shares during the last quarter. Scout Investments Inc. acquired a new stake in MarketAxess Holdings during the second quarter valued at $19,502,000. DUPONT CAPITAL MANAGEMENT Corp raised its stake in MarketAxess Holdings by 83.6% in the second quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 37,825 shares of the company’s stock valued at $5,500,000 after buying an additional 17,225 shares during the last quarter. Finally, Nordea Investment Management AB raised its stake in MarketAxess Holdings by 240.1% in the second quarter. Nordea Investment Management AB now owns 4,289 shares of the company’s stock valued at $624,000 after buying an additional 3,028 shares during the last quarter. Hedge funds and other institutional investors own 89.89% of the company’s stock.

Shares of MarketAxess Holdings (NASDAQ:MKTX) opened at 156.51 on Thursday. MarketAxess Holdings has a 52 week low of $101.66 and a 52 week high of $178.21. The company’s 50-day moving average is $158.09 and its 200-day moving average is $160.34. The firm has a market cap of $5.88 billion, a PE ratio of 50.32 and a beta of 0.65.

MarketAxess Holdings (NASDAQ:MKTX) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.04. The company had revenue of $90.30 million for the quarter, compared to analyst estimates of $90.51 million. MarketAxess Holdings had a net margin of 33.37% and a return on equity of 27.83%. The business’s quarterly revenue was up 21.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.60 earnings per share. Analysts forecast that MarketAxess Holdings will post $3.31 EPS for the current fiscal year.

MarketAxess Holdings Company Profile

MarketAxess Holdings Inc (MarketAxess) is an electronic trading platform. The Company operates as an electronic multi-party platform for the trading of fixed-income securities and provides related data, analytics, compliance tools and post-trade services. The Company’s multi-dealer trading platform allows its institutional investor clients to request bids or offers from its broker-dealer clients and execute trades with the broker-dealer of their choice from among those that choose to respond.

Related posts

Leave a Comment