Virtu Financial, Inc. (VIRT) Hit All Time High

April 17, 2018 - By reb123z

The stock of Virtu Financial, Inc. (NASDAQ:VIRT) reached all time high today, Apr, 17 and still has $39.43 target or 7.00 % above today’s $36.85 share price. This indicates more upside for the $6.94 billion company. This technical setup was reported by Barchart.com. If the $39.43 PT is reached, the company will be worth $485.45 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 1.52% or $0.55 during the last trading session, reaching $36.85. About 433,430 shares traded. Virtu Financial, Inc. (NASDAQ:VIRT) has risen 97.08% since April 17, 2017 and is uptrending. It has outperformed by 85.53% the S&P500.

Analysts await Virtu Financial, Inc. (NASDAQ:VIRT) to report earnings on May, 3. They expect $0.44 earnings per share, up 214.29 % or $0.30 from last year’s $0.14 per share. VIRT’s profit will be $82.81M for 20.94 P/E if the $0.44 EPS becomes a reality. After $0.22 actual earnings per share reported by Virtu Financial, Inc. for the previous quarter, Wall Street now forecasts 100.00 % EPS growth.

Virtu Financial, Inc. (NASDAQ:VIRT) Ratings Coverage

Among 4 analysts covering Virtu Financial (NASDAQ:VIRT), 1 have Buy rating, 1 Sell and 2 Hold. Therefore 25% are positive. Virtu Financial had 9 analyst reports since October 18, 2017 according to SRatingsIntel. The rating was upgraded by Citigroup on Wednesday, November 8 to “Neutral”. JP Morgan maintained Virtu Financial, Inc. (NASDAQ:VIRT) on Thursday, January 25 with “Underweight” rating. The rating was downgraded by JP Morgan to “Underweight” on Wednesday, October 18. Sandler O’Neill maintained Virtu Financial, Inc. (NASDAQ:VIRT) on Friday, January 12 with “Buy” rating. On Wednesday, March 28 the stock rating was maintained by Sandler O’Neill with “Buy”. J.P. Morgan upgraded Virtu Financial, Inc. (NASDAQ:VIRT) rating on Tuesday, February 6. J.P. Morgan has “Hold” rating and $20.0 target. Sandler O’Neill maintained the stock with “Buy” rating in Thursday, February 8 report. The company was downgraded on Wednesday, October 18 by J.P. Morgan. JP Morgan maintained Virtu Financial, Inc. (NASDAQ:VIRT) rating on Tuesday, February 13. JP Morgan has “Underweight” rating and $22 target.

Virtu Financial, Inc., together with its subsidiaries, provides market making and liquidity services to the financial markets worldwide. The company has market cap of $6.94 billion. The firm offers a technology platform through which it provides quotations to buyers and sellers in equities, commodities, currencies, options, fixed income, and other securities on various exchanges, markets, and liquidity pools. It has a 1417.31 P/E ratio.

Virtu Financial, Inc. (NASDAQ:VIRT) Ratings Chart

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