MarketAxess Holdings Upgraded to “Neutral” at Zacks (MKTX)
MarketAxess Holdings (NASDAQ:MKTX) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Thursday. The firm currently has a $58.00 target price on the stock. Zacks‘s price objective points to a potential upside of 1.84% from the company’s current price.
MarketAxess Holdings (NASDAQ:MKTX) traded down 0.54% during mid-day trading on Thursday, hitting $56.64. The stock had a trading volume of 87,277 shares. MarketAxess Holdings has a 52 week low of $47.26 and a 52 week high of $71.62. The stock’s 50-day moving average is $52. and its 200-day moving average is $56.82. The company has a market cap of $2.124 billion and a price-to-earnings ratio of 28.05.
MarketAxess Holdings (NASDAQ:MKTX) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.48 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.46 by $0.02. The company had revenue of $65.00 million for the quarter, compared to the consensus estimate of $64.57 million. During the same quarter last year, the company posted $0.51 earnings per share. MarketAxess Holdings’s revenue was up 2.4% compared to the same quarter last year. On average, analysts predict that MarketAxess Holdings will post $1.87 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 21st. Shareholders of record on Thursday, August 7th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Tuesday, August 5th.
Several other analysts have also recently commented on the stock. Analysts at Raymond James upgraded shares of MarketAxess Holdings from a “market perform” rating to an “outperform” rating in a research note on Thursday, July 24th. They now have a $63.00 price target on the stock. Separately, analysts at Keefe, Bruyette & Woods cut their price target on shares of MarketAxess Holdings from $53.00 to $50.00 in a research note on Friday, July 11th. Finally, 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $45.00.
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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