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Analysts at Keefe, Bruyette & Woods lowered their price objective on shares of MarketAxess Holdings (NASDAQ:MKTX) from $53.00 to $50.00 in a research report issued to clients and investors on Friday. Keefe, Bruyette & Woods’ price target suggests a potential upside of 4.06% from the company’s current price.

A number of other firms have also recently commented on MKTX. Analysts at Sandler O’Neill cut their price target on shares of MarketAxess Holdings from $56.00 to $2.00 in a research note on Thursday, July 3rd. They now have a “hold” rating on the stock. Separately, 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. Finally, 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. Two research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $41.86.

Shares of MarketAxess Holdings (NASDAQ:MKTX) traded down 1.44% on Friday, hitting $47.36. 99,746 shares of the company’s stock traded hands. MarketAxess Holdings has a 1-year low of $47.90 and a 1-year high of $71.62. The stock’s 50-day moving average is $53.7 and its 200-day moving average is $58.16. The company has a market cap of $1.786 billion and a P/E ratio of 23.30.

MarketAxess Holdings (NASDAQ:MKTX) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.46 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.41 earnings per share. MarketAxess Holdings’s revenue was up 18.1% compared to the same quarter last year. On average, analysts predict that MarketAxess Holdings will post $1.84 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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