Deutsche Bank Aktiengesellschaft Cuts MarketAxess (NASDAQ:MKTX) Price Target to $300.00

MarketAxess (NASDAQ:MKTX – Get Rating) had its price objective decreased by analysts at Deutsche Bank Aktiengesellschaft from $314.00 to $300.00 in a report released on Thursday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 9.52% from the stock’s current price.

MKTX has been the topic of a number of other research reports. Zacks Investment Research downgraded MarketAxess from a “hold” rating to a “sell” rating and set a $345.00 price objective on the stock. in a research report on Friday, January 28th. Atlantic Securities assumed coverage on MarketAxess in a research report on Tuesday, February 8th. They issued a “neutral” rating and a $380.00 price objective on the stock. Rosenblatt Securities lowered their price objective on MarketAxess from $460.00 to $383.00 and set a “buy” rating on the stock in a research report on Thursday, April 14th. Morgan Stanley lowered their price target on MarketAxess from $402.00 to $367.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 13th. Finally, Raymond James downgraded MarketAxess from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 6th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $377.00.

Shares of NASDAQ MKTX opened at $273.93 on Thursday. The stock has a fifty day simple moving average of $339.71 and a two-hundred day simple moving average of $369.23. MarketAxess has a 1-year low of $256.26 and a 1-year high of $533.36. The firm has a market cap of $10.36 billion, a price-to-earnings ratio of 40.46 and a beta of 0.41.

MarketAxess (NASDAQ:MKTX – Get Rating) last announced its quarterly earnings data on Wednesday, April 20th. The financial services provider reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.01. MarketAxess had a return on equity of 25.12% and a net margin of 36.90%. The business had revenue of $186.10 million during the quarter, compared to analyst estimates of $186.34 million. During the same period in the prior year, the company earned $2.11 earnings per share. MarketAxess’s revenue was down 4.8% compared to the same quarter last year. On average, equities research analysts anticipate that MarketAxess will post 7.2 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the company. KB Financial Partners LLC bought a new stake in shares of MarketAxess in the fourth quarter worth about $30,000. Benjamin F. Edwards & Company Inc. bought a new stake in shares of MarketAxess in the third quarter worth about $33,000. Sageworth Trust Co of South Dakota bought a new stake in shares of MarketAxess in the fourth quarter worth about $39,000. Evolution Wealth Advisors LLC grew its stake in shares of MarketAxess by 197.0% in the third quarter. Evolution Wealth Advisors LLC now owns 98 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 65 shares during the last quarter. Finally, CVA Family Office LLC bought a new stake in shares of MarketAxess in the fourth quarter worth about $60,000. 98.19% of the stock is currently owned by hedge funds and other institutional investors.

MarketAxess Company Profile (Get Rating)

MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. It offers the access to liquidity in the U.S. investment-grade bonds, U.S. high-yield bonds, and U.S. Treasuries, as well as municipal bonds, emerging market debts, Eurobonds, and other fixed income securities.

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