MarketAxess Holdings’s “Hold” Rating Reaffirmed at Zacks (MKTX)
MarketAxess Holdings (NASDAQ:MKTX)‘s stock had its “hold” rating reiterated by Zacks in a research report issued to clients and investors on Wednesday, AnalystRatingsNetwork reports. They currently have a $57.00 price target on the stock. Zacks‘ price target would suggest a potential downside of 12.35% from the stock’s previous close.
MarketAxess Holdings (NASDAQ:MKTX) opened at 65.03 on Wednesday. MarketAxess Holdings has a one year low of $27.90 and a one year high of $56.00. The stock’s 50-day moving average is $52.89 and its 200-day moving average is $45.7. The company has a market cap of $2.443 billion and a price-to-earnings ratio of 35.71.
MarketAxess Holdings (NASDAQ:MKTX) last announced its earnings results on Wednesday, October 23rd. The company reported $0.48 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.43 by $0.05. The company had revenue of $61.10 million for the quarter, compared to the consensus estimate of $62.87 million. During the same quarter in the prior year, the company posted $0.36 earnings per share. The company’s quarterly revenue was up 31.7% on a year-over-year basis. On average, analysts predict that MarketAxess Holdings will post $1.74 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, November 21st. Investors of record on Thursday, November 7th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.80%.
MKTX has been the subject of a number of other recent research reports. Analysts at Credit Suisse raised their price target on shares of MarketAxess Holdings from $36.00 to $37.00 in a research note to investors on Wednesday. They now have an “underperform” rating on the stock. Separately, 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. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $47.00.
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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