In the last three months, 12 analysts have published ratings on MarketAxess Holdings (NASDAQ:MKTX), offering a diverse range of perspectives from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 0 | 9 | 1 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 1 | 0 | 0 |
| 2M Ago | 1 | 0 | 3 | 0 | 0 |
| 3M Ago | 1 | 0 | 4 | 1 | 0 |
Analysts have recently evaluated MarketAxess Holdings and provided 12-month price targets. The average target is $270.42, accompanied by a high estimate of $335.00 and a low estimate of $185.00. This current average reflects an increase of 3.71% from the previous average price target of $260.75.
Exploring Analyst Ratings: An In-Depth Overview
A comprehensive examination of how financial experts perceive MarketAxess Holdings is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Kyle Voigt | Keefe, Bruyette & Woods | Lowers | Market Perform | $255.00 | $276.00 |
| Benjamin Budish | Barclays | Lowers | Equal-Weight | $260.00 | $289.00 |
| Brian Bedell | Deutsche Bank | Raises | Hold | $264.00 | $258.00 |
| Alex Kramm | UBS | Raises | Buy | $335.00 | $330.00 |
| Kyle Voigt | Keefe, Bruyette & Woods | Raises | Market Perform | $276.00 | $270.00 |
| Patrick Moley | Piper Sandler | Maintains | Neutral | $265.00 | $265.00 |
| Michael Cyprys | Morgan Stanley | Raises | Equal-Weight | $314.00 | $262.00 |
| Patrick Moley | Piper Sandler | Raises | Neutral | $265.00 | $235.00 |
| Benjamin Budish | Barclays | Raises | Equal-Weight | $268.00 | $237.00 |
| Christopher Allen | Citigroup | Raises | Buy | $325.00 | $310.00 |
| Eli Abboud | B of A Securities | Lowers | Underperform | $185.00 | $193.00 |
| Alexander Blostein | Goldman Sachs | Raises | Neutral | $233.00 | $204.00 |
Key Insights: Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to MarketAxess Holdings. This information provides a snapshot of how analysts perceive the current state of the company. Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of MarketAxess Holdings compared to the broader market. Price Targets: Gaining insights, analysts provide estimates for the future value of MarketAxess Holdings's stock. This comparison reveals trends in analysts' expectations over time.
Capture valuable insights into MarketAxess Holdings's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on MarketAxess Holdings analyst ratings.
About MarketAxess Holdings
Founded in 2000, MarketAxess is a leading electronic fixed-income trading platform that connects broker/dealers and institutional investors. The company is primarily focused on credit based fixed income securities with its main trading products being US investment-grade and high-yield bonds, Eurobonds, and Emerging Market corporate debt. Recently the company has expanded more aggressively into Treasuries and municipal bonds with the acquisitions of LiquidityEdge and MuniBrokers in 2019 and 2021, respectively. The company also provides pre and post-trade services with its acquisition of Regulatory Reporting Hub from Deutsche Borse Group in 2020 adding to its product offerings.
MarketAxess Holdings's Economic Impact: An Analysis
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining MarketAxess Holdings's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 19.98% as of 30 September, 2024, showcasing a substantial increase in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Financials sector.
Net Margin: MarketAxess Holdings's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 34.58%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): MarketAxess Holdings's ROE excels beyond industry benchmarks, reaching 5.27%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): MarketAxess Holdings's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 3.84%, the company showcases efficient use of assets and strong financial health.
Debt Management: MarketAxess Holdings's debt-to-equity ratio is below the industry average. With a ratio of 0.05, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Understanding the Relevance of Analyst Ratings
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
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Latest Ratings for MKTX
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Mar 2022 | Rosenblatt | Maintains | Buy | |
| Feb 2022 | Deutsche Bank | Maintains | Hold | |
| Feb 2022 | Credit Suisse | Initiates Coverage On | Neutral |
View More Analyst Ratings for MKTX
View the Latest Analyst Ratings
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