Rosenblatt Securities Sticks to Its Hold Rating for Marketaxess Holdings (MKTX)

By Austin Angelo

In a report released yesterday, Kenneth Hill from Rosenblatt Securities maintained a Hold rating on Marketaxess Holdings (MKTXResearch Report), with a price target of $343.00. The company’s shares closed last Monday at $369.46.

According to TipRanks.com, Hill is ranked #597 out of 5739 analysts.

The word on The Street in general, suggests a Hold analyst consensus rating for Marketaxess Holdings with a $338.00 average price target, implying a -9.7% downside from current levels. In a report issued on November 27, Deutsche Bank also maintained a Hold rating on the stock with a $382.00 price target.

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Marketaxess Holdings’ market cap is currently $14.01B and has a P/E ratio of 69.85. The company has a Price to Book ratio of 20.10.

Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MKTX in relation to earlier this year.

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MarketAxess Holdings, Inc. operates as an electronic trading platform that allows investment industry professionals to trade corporate bonds and other types of fixed-income instruments. It also provides data and analytical tools that help its clients to make trading decisions and facilitate the trading process by electronically communicating order information between trading counterparties. The firm’s patented trading technology allows institutional investor clients to request competitive, executable bids, or offers from multiple broker dealers simultaneously and to execute trades with the broker dealer of their choice. The company was founded by Richard M. Mcvey on April 11, 2000 and is headquartered in New York, NY.