MarketAxess Holdings EPS Estimates Increased at Credit Suisse (MKTX)
Research analysts at Credit Suisse upped their earnings per share estimates on shares of MarketAxess Holdings (NASDAQ:MKTX) in a report released on Thursday, AnalystRatingsNetwork.com reports. The firm currently has an “underperform” rating and a $36.00 price target on the company’s shares. Credit Suisse’s price target would indicate a potential downside of 41.31% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. 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. One research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. MarketAxess Holdings currently has a consensus rating of “Hold” and an average price target of $45.67.
Shares of MarketAxess Holdings (NASDAQ:MKTX) traded down 0.48% on Thursday, hitting $61.045. The stock had a trading volume of 100,166 shares. MarketAxess Holdings has a one year low of $27.90 and a one year high of $62.26. The stock’s 50-day moving average is $55.29 and its 200-day moving average is $47.71. The company has a market cap of $2.293 billion and a P/E ratio of 33.68.
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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