MarketAxess Holdings Inc (NASDAQ: MKTX) has reported E.P.S. of $1.72 for its second fiscal quarter (ending June 30) versus $1.60 for the same period a year ago — an increase of 8%. Relative to the consensus estimate of $1.68, this was a premium of $0.04. For the latest four quarters through June 30, E.P.S. were $6.97 compared to $6.72 a year ago — an increase of 4%.
Recent Price Action
MarketAxess Holdings Inc (NASDAQ: MKTX) stock closed at $234.58 on 8/6/24 after a very large increase of 5.2%. Moreover, this advance was accompanied by above average trading volume at 139% of normal. The stock has been weak relative to the market over the last nine months but has risen 5.1% during the last week.
Current PriceTarget Research Rating
MKTX’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
MarketAxess Holdings has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. MarketAxess Holdings has a poor Power Rating of 20 and a poor Appreciation Score of 18, with the Lowest Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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