MarketAxess Holdings (MKTX) Announces Quarterly Results
MarketAxess Holdings (NASDAQ:MKTX) posted its quarterly earnings results on Wednesday. The company reported $0.48 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.43 by $0.05, AnalystRatings.NET reports. The company had revenue of $61.10 million for the quarter, compared to the consensus estimate of $62.87 million.
MarketAxess Holdings (NASDAQ:MKTX) opened at 65.25 on Wednesday. MarketAxess Holdings has a 1-year low of $27.90 and a 1-year high of $56.00. The stock has a 50-day moving average of $52.89 and a 200-day moving average of $45.7. The company has a market cap of $2.451 billion and a price-to-earnings ratio of 35.83.
MKTX has been the subject of a number of recent research reports. Analysts at Keefe, Bruyette & Woods raised their price target on shares of MarketAxess Holdings from $51.00 to $58.00 in a research note to investors on Wednesday, October 9th. They now have a “market perform” rating on the stock. On the ratings front, analysts at Credit Suisse raised their EPS on shares of MarketAxess Holdings in a research note to investors on Thursday, October 3rd. 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. Finally, analysts at Zacks downgraded shares of MarketAxess Holdings 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. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company. MarketAxess Holdings presently has a consensus rating of “Hold” and an average target price of $46.83.
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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