Credit Suisse initiates coverage on Virtu Financial (NASDAQ: VIRT) with a Underperform rating and a price target of $21.00.

Analyst A. Serrao commented, "We initiate our 2015-17 EPS estimates (including stock compensation expense) at $1.24, $1.28 and $1.35. Our target price of $21 is based on 16x our 2016 estimates (including stock comp expense). Our estimates ex. stock compensation stand at $1.34 (FC: $1.38), $1.39 (FC: $1.44) and $1.46 (FC: $1.56)."

For an analyst ratings summary and ratings history on Virtu Financial click here. For more ratings news on Virtu Financial click here.

Shares of Virtu Financial closed at $23.98 yesterday.