- Investing.com
MarketAxess Holdings Inc., together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. The company offers trading technology that provides liquidity access in U.S. high-grade bonds, U.S. high-yield bonds, emerging market debt, eurobonds, municipal bonds, U.S. government bonds, and other fixed-income securities; and executes bond trades between and among institutional investor and broker-dealer clients in an all-to-all anonymous trading environment for corporate bonds through its Open Trading protocols. It also provides trading-related products and services, including composite+ pricing and other market data products to assist clients with trading decisions; auto-execution and other execution services for clients requiring specialized workflow solutions; connectivity solutions that facilitate straight-through processing; and technology services to optimize trading environments. In addition, the company offers various pre-and post-trade services, such as trade matching, trade publication, regulatory transaction reporting, and market and reference data across a range of fixed-income and other products. MarketAxess Holdings Inc. was incorporated in 2000 and is headquartered in New York, New York.
Mixed Performance | MarketAxess reports EPS beat but revenue shortfall in Q2 2024, highlighting effective cost management amid challenging market conditions |
Market Share Concerns | Explore MarketAxess's struggle to maintain credit trading market share, balanced by growth in emerging markets and portfolio trading offerings |
Strategic Initiatives | Learn about MarketAxess's focus on expanding portfolio trading capabilities and active share repurchase program to strengthen competitive position |
Future Outlook | Analysts maintain a cautiously optimistic view, with an average price target of $237, despite current stock price of $257.95 suggesting potential overvaluation |
Metrics to compare | MKTX | Sector Sector - Average of metrics from a broad group of related Financial sector companies | Relationship RelationshipMKTXPeersSector | |
---|---|---|---|---|
P/E Ratio | 37.2x | 24.7x | 8.7x | |
PEG Ratio | 3.06 | −0.03 | 0.03 | |
Price/Book | 7.5x | 3.8x | 1.0x | |
Price / LTM Sales | 12.8x | 5.4x | 2.7x | |
Upside (Analyst Target) | 5.8% | 11.3% | 10.6% | |
Fair Value Upside | Unlock | 0.8% | 2.7% | Unlock |