MarketAxess (NASDAQ:MKTX – Get Rating) is scheduled to announce its earnings results before the market opens on Wednesday, January 25th. Analysts expect the company to announce earnings of $1.53 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.
MarketAxess Stock Down 1.4 %
Shares of MarketAxess stock traded down $4.52 during trading on Tuesday, hitting $329.52. 433,391 shares of the stock traded hands, compared to its average volume of 331,212. The stock has a market cap of $12.40 billion, a price-to-earnings ratio of 51.17 and a beta of 0.64. The firm’s fifty day moving average is $286.62 and its 200-day moving average is $263.68. MarketAxess has a 52 week low of $217.44 and a 52 week high of $390.13.
Analysts Set New Price Targets
Several equities analysts have recently commented on MKTX shares. Rosenblatt Securities increased their price objective on MarketAxess from $213.00 to $214.00 and gave the company a “sell” rating in a research report on Thursday, October 20th. Morgan Stanley raised their price target on MarketAxess from $274.00 to $314.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 11th. StockNews.com started coverage on MarketAxess in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Piper Sandler reduced their price target on MarketAxess from $285.00 to $270.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 5th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on MarketAxess from $265.00 to $340.00 in a research report on Wednesday, January 11th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, MarketAxess has an average rating of “Hold” and an average price target of $298.20.
Institutional Investors Weigh In On MarketAxess
MarketAxess Holdings, Inc operates as an electronic trading platform that allows investment industry professionals to trade corporate bonds and other types of fixed-income instruments. It also provides data and analytical tools that help its clients to make trading decisions and facilitate the trading process by electronically communicating order information between trading counterparties.
- Get a free copy of the StockNews.com research report on MarketAxess (MKTX)
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