MarketAxess Holdings Inc. Hits New 52-Week High at $56.45 (MKTX)
Shares of MarketAxess Holdings (NASDAQ:MKTX) hit a new 52-week high during trading on Monday, Analyst Ratings Network reports. The stock traded as high as $56.45 and last traded at $56.14, with a volume of 47,264 shares trading hands. The stock had previously closed at $54.86.
A number of analysts have recently weighed in on MKTX shares. Analysts at Zacks downgraded shares of MarketAxess Holdings (NASDAQ:MKTX) from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, September 9th. They now have a $57.00 price target on the stock. Separately, analysts at Raymond James downgraded shares of MarketAxess Holdings (NASDAQ:MKTX) from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, July 26th. They now have a $54.00 price target on the stock. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of MarketAxess Holdings (NASDAQ:MKTX) from $49.00 to $51.00 in a research note to investors on Thursday, July 25th.
Five research analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and an average price target of $45.50.
MarketAxess Holdings has a 1-year low of $27.90 and a 1-year high of $56.45. The stock’s 50-day moving average is $52.9 and its 200-day moving average is $46.00. The company has a market cap of $2.095 billion and a price-to-earnings ratio of 30.13.
MarketAxess Holdings (NASDAQ:MKTX) last released its earnings data on Wednesday, July 24th. The company reported $0.51 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.45 by $0.06. The company had revenue of $65.60 million for the quarter, compared to the consensus estimate of $64.40 million. During the same quarter last year, the company posted $0.34 earnings per share. MarketAxess Holdings’s revenue was up 34.4% compared to the same quarter last year. Analysts expect that MarketAxess Holdings will post $1.72 EPS for the current fiscal year.
MarketAxess Holdings Inc (NASDAQ:MKTX) operates an electronic trading platform that allows investment industry professionals to trade corporate bonds and other types of fixed-income instruments.
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