MarketAxess Holdings Inc (NASDAQ: MKTX) has reported earnings for its third fiscal quarter (ending September 30) of $1.90 versus $1.47 for the same period a year ago — an increase of 29%. E.P.S. were $7.40 for the latest four quarters through September 30 versus $6.61 for the same period a year ago — an increase of 12%.
Recent Price Action
On 11/6/24, MarketAxess Holdings Inc (NASDAQ: MKTX) stock declined modestly by -1.5%, closing at $274.87. Moreover, trading volume in this decline was exceptionally high at 223% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -6.0% 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 C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. MarketAxess Holdings has a poor Appreciation Score of 22 but a very high Power Rating of 93, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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