MarketAxess Holdings Inc. Reaches New 12-Month High at $63.05 (MKTX)
MarketAxess Holdings (NASDAQ:MKTX)’s share price reached a new 52-week high during mid-day trading on Friday, Analyst Ratings.Net reports. The stock traded as high as $63.05 and last traded at $63.00, with a volume of 207,787 shares traded. The stock had previously closed at $61.38.
MKTX has been the subject of a number of recent research reports. Analysts at Credit Suisse raised their EPS on shares of MarketAxess Holdings (NASDAQ:MKTX) in a research note to investors on Thursday. They now have an “underperform” rating and a $36.00 price target on the stock. They previously had a $35.00 price target on the stock. Separately, 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. Finally, 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. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $45.67.
MarketAxess Holdings has a 52 week low of $27.90 and a 52 week high of $62.26. The stock has a 50-day moving average of $55.51 and a 200-day moving average of $47.80. The company has a market cap of $2.366 billion and a price-to-earnings ratio of 33.71.
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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