Raymond James Maintains Their Buy Rating on Marketaxess Holdings (MKTX)
Raymond James analyst Patrick O’Shaughnessy maintained a Buy rating on Marketaxess Holdings (MKTX) today. The company’s shares closed last Tuesday at $537.52.
According to TipRanks.com, O’Shaughnessy is a 5-star analyst with an average return of 12.7% and a 71.3% success rate. O’Shaughnessy covers the Financial sector, focusing on stocks such as AssetMark Financial Holdings, Intercontinental Exchange, and Focus Financial Partners.
Currently, the analyst consensus on Marketaxess Holdings is a Moderate Buy with an average price target of $590.00.
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The company has a one-year high of $606.45 and a one-year low of $275.50. Currently, Marketaxess Holdings has an average volume of 280.4K.
Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is neutral on the stock.
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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.