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Analysts at Sandler O’Neill reduced their target price on shares of MarketAxess Holdings (NASDAQ:MKTX) from $56.00 to $2.00 in a research report issued to clients and investors on Thursday. The firm currently has a “hold” rating on the stock. Sandler O’Neill’s price objective points to a potential downside of 96.15% from the company’s current price.

Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of MarketAxess Holdings from a “neutral” rating to an “underperform” rating in a research note on Monday, June 2nd. They now have a $51.30 price target on the stock. Separately, analysts at Credit Suisse reiterated an “underperform” rating on shares of MarketAxess Holdings in a research note on Tuesday, May 13th. They now have a $52.00 price target on the stock, down previously from $54.00. Finally, analysts at Keefe, Bruyette & Woods cut their price target on shares of MarketAxess Holdings from $62.00 to $60.00 in a research note on Thursday, April 24th. Two research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. MarketAxess Holdings has a consensus rating of “Hold” and an average price target of $43.86.

MarketAxess Holdings (NASDAQ:MKTX) traded down 1.57% on Thursday, hitting $51.90. 228,319 shares of the company’s stock traded hands. MarketAxess Holdings has a 52 week low of $49.64 and a 52 week high of $71.62. The stock has a 50-day moving average of $54.19 and a 200-day moving average of $58.63. The company has a market cap of $1.958 billion and a price-to-earnings ratio of 25.57.

MarketAxess Holdings (NASDAQ:MKTX) last released its earnings data on Wednesday, April 23rd. The company reported $0.46 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.46. The company had revenue of $63.40 million for the quarter, compared to the consensus estimate of $65.58 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. The company’s quarterly revenue was up 18.1% on a year-over-year basis. On average, analysts predict that MarketAxess Holdings will post $1.87 earnings per share 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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