Credit Suisse Starts Virtu Financial (VIRT) at Underperform

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.

You May Also Be Interested In

• CFRA Starts SpaceX (SPCX) at Sell, 'Our primary concern is that SpaceX’s long-term strategy remains heavily dependent on Starship'
• Stifel Starts ORIC Pharmaceuticals (ORIC) at Buy
• Marvell (MRVL) PT Raised to $345 at B.Riley, bullish on new CEO