Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX – Get Free Report) have earned a consensus rating of “Hold” from the eleven brokerages that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $183.10.
Several analysts have issued reports on the company. Barclays dropped their target price on MarketAxess from $189.00 to $170.00 and set an “equal weight” rating for the company in a report on Monday, May 11th. Argus downgraded MarketAxess from a “buy” rating to a “hold” rating in a research note on Tuesday, March 17th. Weiss Ratings downgraded MarketAxess from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. Keefe, Bruyette & Woods began coverage on MarketAxess in a research note on Wednesday, April 8th. They issued an “outperform” rating and a $195.00 target price for the company. Finally, Rothschild & Co Redburn reaffirmed a “neutral” rating and issued a $134.00 target price (down from $189.00) on shares of MarketAxess in a research note on Thursday, June 11th.
Read Our Latest Research Report on MKTX
Institutional Trading of MarketAxess
MarketAxess Stock Performance
Shares of NASDAQ:MKTX opened at $112.51 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.17 and a quick ratio of 2.17. The business’s 50 day moving average price is $136.67 and its 200-day moving average price is $162.12. The firm has a market capitalization of $4.00 billion, a PE ratio of 13.30, a P/E/G ratio of 3.64 and a beta of 0.86. MarketAxess has a 1 year low of $108.75 and a 1 year high of $225.07.
MarketAxess (NASDAQ:MKTX – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The financial services provider reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.10. The firm had revenue of $233.38 million for the quarter, compared to analyst estimates of $231.91 million. MarketAxess had a return on equity of 22.28% and a net margin of 35.53%.The business’s revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.87 earnings per share. As a group, equities research analysts expect that MarketAxess will post 8 earnings per share for the current fiscal year.
MarketAxess Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 20th were paid a $0.78 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.8%. MarketAxess’s dividend payout ratio (DPR) is 36.88%.
MarketAxess Company Profile
MarketAxess Holdings Inc operates a leading global electronic trading platform specializing in fixed-income securities and related products. The company’s network enables institutional investors and broker-dealers to trade corporate bonds, municipal securities, emerging markets debt, U.S. Treasuries and credit default swaps in an automated, multi-dealer environment. MarketAxess also offers portfolio trading, data analytics, best-execution tools and post-trade services to streamline workflows and enhance price discovery across its marketplace.
In addition to core voice-like trading protocols, MarketAxess provides Open Trading®, an anonymous, all-to-all trading protocol designed to improve liquidity and transaction efficiency.
Featured Stories
- Five stocks we like better than MarketAxess
- As Stablecoins Keep Growing, These 2 Stocks Benefit
- Apple Just Handed These 4 Memory Stocks Their Best News of the Year
- Costco’s Secret Growth Engine May Be Running Out of Gas
- Why Alphabet’s Pullback May Be an Opportunity in Disguise
Receive News & Ratings for MarketAxess Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MarketAxess and related companies with MarketBeat.com's FREE daily email newsletter.
